The tool tracks the deviation of asset prices from the general market environment.
Appearance of the widget.
The model calculates the percentage deviation between the instrument and the moving average of the percentage change in all futures contracts over a period of 24 (upper value) and 168 (lower value) hours. All futures contracts are used except: DEFI index, BTCDOM, BUSD instruments.
$$ Ratio24h=(\dfrac{a}{a[t-24h]}- \sum_{i=1}^n \dfrac{\dfrac{a_{i}}{a_{i}[t-24]}}{n})×100 $$
$$ Ratio168h=(\dfrac{a}{a[t-168h]}- \sum_{i=1}^n \dfrac{\dfrac{a_{i}}{a_{i}[t-168]}}{n})×100 $$
Let's consider the construction of values in more detail. The diagram shows the moving deviations of prices on different instruments for the period of 24 hours.
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Diagram of deviations of individual assets and the average market deviation.
The avg. value represents the average value of all presented instruments and is the zero reference point for the Market ratio indicator.
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Normalized deviation chart.
Instruments that are above the average value are colored in green, and those that are below the average value are colored in red.
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Market ratio value for individual assets.
The 168-hour indicator value is calculated and plotted in the same way.
To add the "Market Ratio" tool to your workspace, first click on the "Widget menu" button in the platform header. Then click on the button of the same name in the "Market Overview" section.
Widget location.