About the Tool
Market Delta is a tool that enables users to analyze supply and demand by evaluating metrics such as balance, delta, and standard deviation. Market Delta provides insights into market dynamics and highlights trading opportunities.
The tool can be accessed through the main menu: Platform → Market Delta.
Market Delta Components
The tool consists of the following sections:
Tabs (Sections):
Indexes: Analysis within indexes.
Tickers: Analysis within indexes and tickers.
Currencies: Analysis within indexes and currencies.
Filters
Charts
Navigation
Table
Settings:
Displaying table columns (1).
Selecting indexes for analysis (2).
Enabling/disabling shared axes for indexes (3).
Enabling/disabling the price chart (4).
Enabling/disabling the Z-Coefficient chart (5).
Enabling/disabling a shared axis for the Z-Coefficient chart (price) (6).
Enabling/disabling the display of absolute Z-Coefficient values (7).
Selecting data type (volume or count) for the main MD chart (8).
Selecting data type (delta or balance) for the main MD chart (9).
Selecting a timeframe (10).
Tickers Tab
Additional filtering options are available, such as:
Ticker: Select one or multiple tickers to display on charts.
Exchange: Select one or more exchanges.
Index Filtering: Display only tickers that match the selected indexes in the table.
Currencies Tab
Additional selection options include:
Base Group
Quote Group
Currencies: Input the desired currency pair.
The table will display search results for the selected "Base Group/Quote Group." For example:
Selecting "Altcoins (ALT)" as the Base Group and "Bitcoin (BTC)" as the Quote Group will display pairs like ALT/BTC (ETH/BTC, SOL/BTC, WBTC/BTC, etc.).
Specifying a currency in the Currency field will narrow results to that currency pair only (e.g., LINK/USDT, LINK/FIAT, LINK/BTC, LINK/ALT).
Charts
Delta/Balance Chart
Z-Coefficient Chart
This chart helps evaluate how far the current price deviates from its average in terms of standard deviations.
It can be customized for specific intervals (day, week, month, year), independent of other settings.
Note: In the Tickers Tab, users can create a synthetic cross-rate by selecting checkboxes next to tickers. The created cross-rate can be added to favorites by activating the checkbox beside it.
Price Chart:
If one ticker is displayed on the chart, then the percentiles will be displayed on the charts:
10% - green dotted line
50% - gray dotted line
90% - red dotted line
Users can customize the chart's settings, including colors and scales, for better clarity.
Additional Features: When selecting multiple coins or indexes, correlation coefficients and beta coefficients automatically appear next to their names.
Legend
This is an information menu that allows you to understand which chart is currently being visualized.
Consists of:
Chart name + additional information
Ticker list
Chart name
On the delta/balance chart, the name additionally contains the timeframe.
On the Z-Score by price chart, the name contains the averaging period.
Default - 36 bars
Floating value of bars depending on the selected timeframe:
Day
Week
Month
Year
The price chart additionally has a scale mode switch:
percentage
price
Ticker list
Contains:
color marker, when clicked, you can change the line color
visibility icon, when clicked, you can hide a chart
exchange logo
checkbox for forming a cross rate (available only for tickers and price charts) (see details)
ticker name
correlation value
beta value
ticker opening button in RTT
ticker moving button up legend
add to favorites icon
removing the selected ticker from the chart
Correlation value and beta coefficient
First ticker in the legend will always have a correlation of 1. And all other indices will have a correlation in relation to it. Similarly with the beta coefficient.
Cross rate formation
To do this, you need to add two or more pairs to the chart. Then check the legend in the checkbox in front of the desired ticker. Do the same next to the second ticker. The synthetic cross rate will appear as the last element in the legend. It will additionally contain a button for changing the display order in the pair. And a button for adding the cross rate to favorites.
Checkboxes next to tickers for constructing cross rates
Cross rate line
Button for changing the order in the cross rate
Name of the constructed cross rate
Flag for saving a pair (cross rate) to favorites
Button for moving the selected pair to the first place
Delete the selected pair
Navigation
Applies to all tabs and is used to narrow the time range of data displayed on charts. Users can view historical data by manually specifying the desired timeframe.
Additional Filtering
Filters reduce the number of assets for analysis. Available filters include:
Volume
Balance
Z-Coefficient (Price)
Price Change (%)
Users can refine the asset search range based on their criteria.
Tables
Columns in the table can be added or removed through the main MD settings panel.
The columns displayed depend on the selected tab: Indexes, Tickers, or Currencies.
Applications
The Market Delta tool can be used for:
Comprehensive Analysis of Supply and Demand.
Identifying Market Trends and Patterns.
Statistical Arbitrage: Detecting inefficiencies in price discrepancies across markets or coins.
Risk Management: Assessing the risk associated with different assets.
Key Insights
The Market Delta tool offers deep market data analysis, enabling users to evaluate various indexes and identify potential trading opportunities. Understanding its components and how to use them can significantly enhance trading strategies and decision-making processes.
Key Concepts
Balance: The ratio of buys to sells in the market. A balance of 50% indicates a neutral market where buyers and sellers are equally matched (equilibrium).
Delta: The ratio of buys to sells.
Z-Coefficient: Measures how many standard deviations the price deviates from its average. A high Z-Coefficient indicates a significant deviation from the mean.
Volatility: Refers to the degree of price fluctuations for an asset.
Избранное для кросс курса
Колонки:
Название кросс курса
Базовая пара
Лого биржи
Тикер
Котируемая пара
Лого биржи
Тикер
Кнопка удаления из избранного