Trading Volume Screener

The 24h trading volume screener is a convenient tool for analyzing a sharp increase in closed positions on a cryptocurrency asset. What is called trading volume. When receiving a message about such changes, you can predict a change in the price trend with a high probability. The change in volumes alone, without taking into account other parameters, will not give the whole picture, so we recommend using this screener as an additional source of information.

@VolumeScreener

What does our screener do?

Every minute, the screener receives information about the current daily trading volume of futures on the main cryptocurrency exchanges: Binance, Bybit, OKX and Kucoin. If the volume changes for the coin match your settings, the screener sends a message to the Telegram bot with basic information about the changes in the coin for the selected time interval: the percentage and size of the volume change, funding on a specific exchange (and its change) and the price change. If the change occurs on several exchanges at once (which you can specify in the settings), this information is reflected in the message for each exchange separately.

Flexible settings

In addition to the basic setting of the percentage of volume change and the time interval during which this change should occur, you can also specify additional parameters. Since the change in the trading volume of an asset is a fairly dynamic parameter, you can further limit the messages from the screener by specifying the maximum number of signals. You can also filter out coins with low volatility by specifying the total trading volume for 24 hours and the size of the open interest. Thanks to this setting, the number of messages will be reduced, but they will be of higher quality, since coins subject to manipulation due to low liquidity will not be taken into account.

Why do you need a trading volume screener?

The main purpose of the screener is to show coins whose trading volume indicator changes sharply. In short, the trading volume is the sum of already closed transactions. This means that activity on the coin has already occurred, which provides little information for forecasting. However, this indicator can help in two cases. Firstly, a surge in volumes often shows a reversal of the price trend. A large number of transactions are closed at the moment of reaching key levels, which are often support or resistance levels. Secondly, this screener allows you to quickly react to powerful «spills» in the cryptocurrency market. Such situations always end with a correction and the trader can quickly earn on the reverse price movement.

Who is a screener suitable for?

As already mentioned above, the trading volume screener is an auxiliary tool for the trader. This is primarily due to the fact that the volume is recorded post factum, when the main events that change the price have already occurred. Therefore, this screener is more suitable for investors than traders. You can set it up to notify you of major changes for top cryptocurrencies in order to quickly react to moments of «drawdowns» by buying up assets at lower prices.

Soon

Instant notifications about volume changes