Trend Assessment
The screener counts how many minutes in a row a coin moves with wide candles and how many minutes it stands still. Four counters: Huge, Medium, Small and Thread. The model does not distinguish the direction of the move.
What it is
Trend Assessment estimates how actively a coin is moving right now. To do this, the model looks at the range of each 1-minute candle and counts how many wide or, on the contrary, narrow candles have accumulated in the current streak.
The model is computed on the server from 1-minute candles of Binance USDT perpetual futures, for all trading coins. The value is recalculated every second and saved to history once a minute. The current, still open candle is included in the calculation.
Trend Assessment is available in two forms:
- the Trend Assessment widget: a table of all coins with four counters;
- the [SFT] Trend assessment indicator on the chart ([SF] Trend assessment in the chart legend): four areas below the chart.
The model is part of the Pro plan. The widget opens from the "Screeners → Price Action → Trend Assessment" menu.
Calculation
The range of a 1-minute candle in percent:
Each candle is checked against four conditions:
| Counter | A candle qualifies if its range is | The streak breaks if there were no qualifying candles for |
|---|---|---|
| Huge | above 0.5% | 60 minutes |
| Medium | above 0.4% | 60 minutes |
| Small | above 0.3% | 60 minutes |
| Thread | below 0.1% | 10 minutes |
The counter adds one for each qualifying candle. A non-qualifying candle does not decrease the counter. But if the counter has not grown even once over the last 60 minutes (10 minutes for Thread), it resets to zero and the streak starts over.
So Huge = 25 means: the current streak had 25 one-minute candles with a range above 0.5%, with no gaps longer than an hour between them. Thread = 40 means: the current streak had 40 almost motionless minutes, with gaps between them no longer than 10 minutes.
A candle with a range above 0.5% also qualifies for Medium and Small. So Small is usually not lower than Medium, and Medium not lower than Huge. The server looks at the last 5,000 one-minute candles, about 3.5 days, so a counter cannot exceed 5,000.
Widget
| Column | What it shows |
|---|---|
| Symbol | Coin |
| Huge | Counter of candles with a range above 0.5% |
| Medium | Counter of candles with a range above 0.4% |
| Small | Counter of candles with a range above 0.3% |
| Thread | Counter of candles with a range below 0.1% |
By default the table is sorted by Huge in descending order: at the top are the coins that have been moving with wide candles the longest.
Each column has its own filter: Huge, Medium, Small, Thread. A positive number keeps coins with a value not lower than the one entered. The global filters of the control panel and the blacklist also apply to the table.
Indicator
[SFT] Trend assessment draws the four counters as semi-transparent areas below the chart: Thread in red, Small, Medium and Huge in green, from light to more saturated. It has one setting, Symbol: by default it uses the chart coin.
The counters are always computed from 1-minute candles, regardless of the chart timeframe.
How to read it
- A growing Huge: the coin is in an active phase right now, with wide 1-minute candles one after another. This can be a trend or sharp swings within a range.
- Small grows while Huge stands still: the coin is moving, but moderately.
- A large Thread: the coin has been standing almost still for a long time. After a lull, it is useful to watch whether Small starts to grow.
- A counter reset: the active phase is over: an hour without wide candles.
Despite the name, the model does not determine the trend direction. High and Low do not tell where the price went: a wide candle down counts the same as a wide candle up. Check the direction on the chart or in other models.
Limitations
- Binance USDT perpetual futures only.
- The 0.1–0.5% thresholds are the same for all coins and do not adapt to their usual volatility. For a calm coin a 1-minute candle wider than 0.5% is an event, for a volatile one it is background. Keep this in mind when comparing counters across coins.
- There is no public backtest of the model yet. We do not claim that high counters predict a continuation of the move.