We’re happy to announce value comparability charts on Kraken Desktop. This new functionality allows merchants to match as much as 10 markets on a single chart, making it simpler than ever to identify traits, visualize correlations and acquire insights into market actions. Whether or not you’re monitoring Kraken spot markets, perpetual contracts or fixed-maturity futures, this function 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 function is appropriate 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 traits throughout each perpetual and fixed-maturity futures, providing the perception wanted to remain forward of the sport.
Each dealer has their very own approach of deciphering information, which is why Kraken Desktop affords three strategies for evaluating markets on a single chart:
- Acquire/loss proportion: Visualize the proportion change for every market over a specified interval. This view is ideal for assessing which markets are exhibiting the most important good points 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 perfect for monitoring correlated actions throughout totally different property or derivatives contracts.
- Single axis: Evaluate uncooked value information on a single axis, supplying you with an easy view of value traits. 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 may customise every market’s illustration to suit seamlessly into your present buying and selling dashboard.
This highly effective function isn’t nearly displaying information. It’s about leveraging info to reinforce your buying and selling technique. Listed here are a couple of ways in which energetic 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 shortly 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, akin to arbitrage or a shift in market sentiment.
- Analyze derivatives market construction: When analyzing Kraken’s fixed-maturity futures, the relative index to 100 view will be particularly useful. 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.
- Monitor main and lagging indicators: Use the acquire/loss proportion 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 benefiting from a lagging market that’s poised for a rebound.
- Seamless integration into your buying and selling structure: Kraken Desktop’s comparability charts will 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 fashion, the place you may analyze comparative information with out dropping sight of the broader market image.
Prime Tip: Discover new board layouts within the Kraken Desktop dashboard gallery.
With the real-time comparability charts function, Kraken Desktop places unparalleled analytical energy proper at your fingertips. Whether or not you’re a seasoned dealer or simply getting began, you’ll respect the flexibleness and precision that this new function brings to your buying and selling toolkit.
Availability of Kraken Desktop is topic to sure limitations and eligibility standards. These supplies are for basic info functions solely and aren’t funding recommendation or a suggestion or solicitation to purchase, promote, stake, or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken makes no illustration or guarantee of any type, specific or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such info and won’t be responsible for any errors, omissions, or delays on this info 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 supply 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 need to search impartial recommendation in your taxation place. Geographic restrictions could apply. See Authorized Disclosures for every jurisdiction right here.
The supply of any providers by way of Kraken Desktop, together with, however not restricted to, providers to hook up with, commerce on, view market information, or in any other case work together with the Kraken platform, and the show of any content material by way of Kraken Desktop, is topic to the Kraken Phrases and Circumstances.
