The words on MarketRender, in plain terms
Every page on the site uses a handful of words in a fixed sense. Each is defined here in a few sentences, with a link to a page where you can see it in use. The figures behind them describe what happened; none of them is advice or a forecast.
Definitions
- Trend
Whether a price has been moving up or down, read by fixed rules from closed candles. Each coin has a trend on every candle size, bullish or bearish, set by the side of its flip level the last candle closed on. A trend describes the past and the present, not what comes next.
Every coin's trend in the coin list- Trend score
A number from −100 to +100 for every coin and for the market as a whole: a weighted average of six trend measures, from one fixed rule set. Above zero the price is trending up, below zero down; the further from zero, the stronger the trend. It says how strongly the price is trending now and does not predict what comes next; its words, from Strong bear to Strong bull, name its bands.
Trend scores in the coin list- Bullish and bearish
Bullish means the price closed above its flip level, bearish that it closed below it. They name the side of the trend, not a recommendation. The side and the trend score come from two separate rules, so a score and a Bull or Bear label can disagree.
Bullish and bearish flips in the flip log- Flip
The flip level is a price line that follows the trend. When a candle closes on the other side of it, the trend flips from bullish to bearish, or back. A flip is written when its candle closes and is never edited afterwards. A coin's first settled side is its starting point, not a flip.
Every recent flip in the flip log- Flip level and the Money Line
The flip level is the price line a closed candle has to cross to turn the trend. The site's flip level is Supertrend with a length of 10 and a factor of 3 for Bitcoin and 2 for every other coin, worked out on closed candles only; the site calls this line the Money Line.
Bitcoin's price against its flip level- Crypto Trend Score
The Crypto Trend Score is the whole crypto market's trend score from −100 to +100, made of the 200 largest coins the site scores, on the same four candle sizes. It blends three parts: Bitcoin, the altcoins, and breadth, the share of those coins trending up.
The Crypto Trend Score on daily candles- Candle sizes
A candle is one bar of price over a fixed time: 4 hours, a day, a week or a month. Only closed candles count. Weekly candles run from Monday to Sunday (UTC) and monthly ones over a calendar month; both are built from the daily ones. A flip is dated by its candle's last day: the day itself for a daily candle, the Sunday for a weekly one, the month's last day for a monthly one, and the close time for a 4-hour one.
The Crypto Trend Score on weekly candles- In US dollars and in Bitcoin terms
In US dollars is a coin's price in dollars. In Bitcoin terms is its price measured in Bitcoin, so its trend says whether the coin has been gaining or losing against Bitcoin. A coin can be bullish in one and bearish in the other.
The coin list in Bitcoin- 7, 30 and 90 days later
The price change from the close of a flip's candle to the daily close that many calendar days afterwards. It is the plain change in the price, whichever way the flip pointed, so after a bearish flip a falling price shows as a negative number.
What followed each flip, in the track record- Track record
For any coin and candle size, every recorded flip and what the price did 7, 30 and 90 days later, next to what it did after ordinary days of the same period. It shows how flips turned out, the misses included; it describes the past and is not a forecast.
The track record- Drawdown
How far a price fell from an earlier high, in percent of that high. Coin pages show the fall from the all-time high; the Bitcoin price history shows the largest fall on weekly closes, with its dates.
Bitcoin's largest fall on weekly closes- Too recent to judge
A flip whose 7, 30 or 90 days have not passed yet cannot be measured over that window. It is counted as too recent to judge and left out of that window's figures until the window has closed.
Recent flips in the track record- Altcoin season
A name people use for a stretch when most altcoins gain more than Bitcoin. The site measures it in two dated ways: the share of the 50 largest coins that beat Bitcoin over 90 days, and how many coins are in an uptrend in Bitcoin terms. Neither reading says what comes next.
Altcoins against Bitcoin, measured- Market breadth
How many of the largest coins are trending up at the same time. The market overview counts how many of the 100 largest coins the site scores have a bull, neutral or bear score on each candle size; the Crypto Trend Score uses the share of its coins in a bull trend and the share above their base line.
Breadth on the market overview- Closed candles only
A trend can only flip when a candle closes, never in the middle of one. The site stores and scores closed candles only, so a flip never appears and then vanishes while a candle is still open.
How the site works- Published rules and versions
Every coin and every candle size is scored by the same fixed rules, each set published under a version name such as flip-line-v1.0 or market-v1.1. A change to a rule gets a new version and the whole history is worked out again under it; the records made under the old version stay.
The rules behind every page- Append-only record
The record of flips only grows. The database refuses to change or delete a flip once it is written, so flips that turned out badly stay in the record next to the ones that turned out well.
The record of every flip