We’re happy to announce value comparability charts on Kraken Desktop. This new functionality permits merchants to match as much as 10 markets on a single chart, making it simpler than ever to identify tendencies, visualize correlations and acquire insights into market actions. Whether or not you’re monitoring Kraken spot markets, perpetual contracts or fixed-maturity futures, this characteristic is constructed to help your buying and selling technique from each angle.
With real-time comparability charts, now you can visualize market information for a number of time collection on a single chart. Begin by configuring your major market, then add as much as 10 different markets for side-by-side comparability. You’ll be able to pan throughout totally different time frames, zoom in for detailed evaluation and even apply drawing instruments on to your comparability chart for a deeper dive into market actions.
This characteristic is suitable with all Kraken spot and derivatives markets, making it a flexible addition to your buying and selling toolkit. It’s particularly highly effective when evaluating value tendencies throughout each perpetual and fixed-maturity futures, providing the perception wanted to remain forward of the sport.
Each dealer has their very own method of decoding information, which is why Kraken Desktop affords three strategies for evaluating markets on a single chart:
- Achieve/loss share: Visualize the share change for every market over a specified interval. This view is ideal for assessing which markets are displaying the most important features or losses relative to at least one one other.
- Relative index to 100: Normalize every market’s value information to a beginning index of 100. This lets you see how every market has moved relative to at least one one other, making it splendid for monitoring correlated actions throughout totally different property or derivatives contracts.
- Single axis: Examine uncooked value information on a single axis, supplying you with a simple view of value tendencies. That is particularly helpful for analyzing fixed-maturity futures contracts of the identical asset, permitting you to see how they diverge or converge over time.
And with full management over line styling and colours, you possibly can customise every market’s illustration to suit seamlessly into your present buying and selling dashboard.
This highly effective characteristic isn’t nearly displaying information. It’s about leveraging data to reinforce your buying and selling technique. Listed below are a couple of ways in which lively merchants can use real-time comparability charts to establish alternatives and create a strategic edge:
- Spot correlation patterns: By evaluating a number of markets on a single chart, merchants can rapidly establish correlations between property. For example, if Ethereum (ETH/USD) and Solana (SOL/USD) have a tendency to maneuver in tandem, a sudden divergence might point out a possible buying and selling alternative, reminiscent of arbitrage or a shift in market sentiment.
- Analyze derivatives market construction: When analyzing Kraken’s fixed-maturity futures, the relative index to 100 view could be particularly priceless. It permits merchants to see how totally different derivatives contracts for a similar asset behave over time. This makes it simpler to identify discrepancies between present market costs and derivatives contracts, doubtlessly uncovering mispricings that may be exploited.
- Observe main and lagging indicators: Use the acquire/loss share view to see which property are main or lagging throughout a market transfer. This might help establish momentum shifts and merchants can regulate their methods accordingly – for instance, pivoting into stronger-performing property or profiting from a lagging market that’s poised for a rebound.
- Seamless integration into your buying and selling structure: Kraken Desktop’s comparability charts could be built-in into your present buying and selling structure alongside different modules like order books, depth charts and commerce execution instruments like order tickets or ladders. This lets you create a customized dashboard tailor-made to your buying and selling type, the place you possibly can analyze comparative information with out dropping sight of the broader market image.
High Tip: Discover new board layouts within the Kraken Desktop dashboard gallery.
With the real-time comparability charts characteristic, Kraken Desktop places unparalleled analytical energy proper at your fingertips. Whether or not you’re a seasoned dealer or simply getting began, you’ll admire the pliability and precision that this new characteristic brings to your buying and selling toolkit.
Availability of Kraken Desktop is topic to sure limitations and eligibility standards. These supplies are for basic data functions solely and will not be funding recommendation or a advice or solicitation to purchase, promote, stake, or maintain any cryptoasset or to interact in any particular buying and selling technique. Kraken makes no illustration or guarantee of any sort, categorical or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such data and won’t be answerable for any errors, omissions, or delays on this data or any losses, accidents, or damages arising from its show or use. Kraken doesn’t and won’t work to extend or lower the value of any explicit cryptoasset it makes obtainable. Some crypto merchandise and markets are regulated and others are unregulated; regardless, Kraken could or will not be required to be registered or in any other case authorised to offer particular services and products in every market, and also you will not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the crypto-asset markets can result in lack of funds. Tax could also be payable on any return and/or on any enhance within the worth of your cryptoassets and you must search unbiased recommendation in your taxation place. Geographic restrictions could apply. See Authorized Disclosures for every jurisdiction right here.
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