Hello all, and welcome to another software update from your friends in TrendSpider. In this update, we have added two new types of really interesting data to the platform; Index of fear, greed, and volume of the dark pool. Let’s dig!
Cryptographic Fear and Greed Index
The Crypto Fear & Greed Indicator is a high-level measure of the overall market sentiment towards Bitcoin. It is calculated using a number of factors that have different weights:
- volatility (25%)
- Momentum / Market Size (25%)
- Social media (15%)
- Dominance (10%)
- trends (10%)
- Undisclosed factors (15%)
The indicator can be accessed via the “Other data” button. To add it to your chart, simply check the box next to the “Fear & Greed Index (Crypto)” option. It will appear as a low indicator at the bottom of your chart, as shown in the image below.
You will notice 5 unique colors inside the indicator. Each color represents a level of ‘fear’ or ‘greed’, and the colors are identified as follows:
- extreme greed (light green)
- Greed (dark green)
- neutral (gray)
- Fear (dark red)
- Intense fear (light red)
dark pool size
Depending on the market you’re trading, the share of dark pool activity can vary greatly. For some stocks, hardly any trades happen outside of public exchanges. However, for others, up to 70%+ of trading activity is run inside a dark pool on a regular basis.
If you are not familiar with what Dark Pool is, Investopedia defines Dark Pool as;
‘…a specially regulated financial forum or exchange for the trading of securities. Dark pools allow institutional investors to trade without exposure even after the transaction has been executed and reported. Dark pools are a type of Alternative Trading System (ATS) that gives some investors the opportunity to place large orders and make trades without publicly disclosing their intentions while searching for a buyer or seller.
On TrendSpider, we have this data annotated so that we can now view the share of trading activity that takes place outside of public exchanges at a given time.
In order to access the Dark Pool Volume indicator, simply click on the Other Data button and check the box next to the “Dark Pool Volume (US Equity)” option.
There are two important things to note before using Dark Pool Volume Data:
- Data is of weekly accuracy (1 data point per week) and lags 3 to 5 weeks.
- For stocks and ETFs, our historical DWM volume data always includes Dark Pool data.
We hope you find these new types of data useful and, as always, if you have any questions, feel free to reach us via chat via the Contact Us button in the lower right corner of your chart!