We are glad to announce Price comparison charts to Kraken desktop. This new ability gives entrepreneurs to compare up to 10 markets on a single chart, making it easier than to see trends, describe relationships and gain insights in market movements. If you monitor Kraken Spot markets, perpetual contracts or fixed-maturity futures, this feature is developed to support your trading approach from each angle.
With real-time comparison charts, you can now describe market data for many time series on a single chart. Start by configuring your main market, then add up to 10 other markets for adjacent comparisons. You can pan out in different time frames, make up for detailed analysis or even apply drawing tools directly to your comparison chart for a deeper dive in market movements.
This feature is compatible with all Kraken spots and market derivatives, making it a versatile addition to your trading toolkit. This is especially powerful when comparing price trends to both endless and fixed maturity futures, which offer the perspective needed to stay ahead of the game.
Each trader has its own way of interpreting the data, which is why Kraken Desktop offers three methods for comparing markets to a single chart:
- Percentage of Getting/Loss: Describe the percentage change for each market at a specified period. This perspective is perfect for assessing which markets show the greatest gains or losses associated with one another.
- Kamag -child index to 100: Normalizing the price data of each market to a starting index of 100. It allows you to see how each market relates to one another, making it perfect for monitoring movements of motion in various possessions or contracts of derivatives.
- Single axis: Compare raw price data to a single axis, giving you a straightforward view of price trends. This is especially useful for evaluation of futures that are fixed maturity Contracts of the same possession, which allows you to see how they deviate or convert over time.
And throughout the control of the lines and colors, you can customize the representation of each market to fit seamlessly to your existing trade dashboard.
This strong feature is not just about displaying data. It's about seizing information to enhance your trading strategy. Here are some ways that active entrepreneurs can use real-time comparison charts to identify opportunities and create a strategic edge:
- Spot correlation patterns: By comparing many markets to a single chart, merchants can quickly recognize the relationships between the owners. For example, if Ethereum (Eth/USD) and Solana (Sol/USD) tends to move to the tandem, a sudden difference -Irs may indicate a potential trading opportunity, such as arbitration or a transfer to market sentiment.
- Check the structure of the derivatives market: When analyzing Kraken's fixed death futuresKamag -child index in 100 views can be especially important. It allows entrepreneurs to see how different contracts of derivatives for the same possession will act over time. This makes it easier to see the differences between current market prices and derivatives contracts, which are the potential removal of false authors that can be exploited.
- Keep track of top and lagging indicators: Use a percentage view/percentage to see which possessions are leading or caught in a market transfer. This will help determine momentum shifts and traders can adjust their techniques accordingly-for example, pivoting the stronger performance of property or taking advantage of a sad market prepared for a rebound.
- Seamless integration with your trading layout: Kraken Desktop comparison charts can be incorporated into your existing trading layout along with other modules such as order books, depth charts and trading implementation tools such as order orders or Ladder. It allows you to create a custom dashboard that is consistent with your trading style, where you can study the comparison data without losing the vision of the broader picture of the market.
Top Tip: Explore the new board layouts to Kraken Desktop Dashboard Gallery.
Using the real-time comparison charts feature, the Kraken Desktop places the unmatched analytical power that is right on your fingers. If you are a timely entrepreneur or just starting out, appreciate the flexibility and accuracy this new feature brings to your trading toolkit.
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