Xena Market Barometer

Xena Market Barometer is the complex analytical tool which collects data from the main cryptocurrency exchanges and provides information in the form of the unique diagrams collected on several deshborda.

2019: Announcement of Xena Market Barometer

On May 13, 2019 the Xena Exchange company announced release of Xena Market Barometer. It is the complex analytical tool which collects data from the main cryptocurrency exchanges and provides information in the form of the unique diagrams collected on several deshborda. The first eight Market Barometer indicators are already available to free use.

According to the company, Xena Market Barometer collects data from several sources, processes this information and provides it in the form of clear and easily readable diagrams. Sources from which information is used by Xena Market Barometer can be integrated in three categories: the history of transactions and the current glasses of the largest exchanges given from blockchains and a news background.

In the first version indicators are under construction by data from the exchanges Huobi, Coinbase Pro, Bitstamp and Bitfinex. Using Xena Market Barometer traders can predict price movement in the short term. Diagrams show levels of support and resistance, based on glasses of the exchanges and volumes, traded at the different price levels. Also traders can see the current ratio of demand and supply and estimate shared state of the market, based on a ratio of volumes of bits and ask and data from the combined glass of the leading exchanges. A number of diagrams allows to monitor splashes in volumes, their structure and the history and disappearances. Considering that the news background was always important aspect in adoption of trade solutions, Xena Exchange added a news feed in which messages are marked on to Market Barometer to currency. Smart tape allows to analyze a flow of transactions from the different exchanges using algorithms aggregation, and allows to estimate influence of specific transactions on liquidity.

Experience of the traditional exchanges and analytical tools of Bloomberg inspired us on creation of Xena Market Barometer which consists of the interactive charts reflecting moods of bulls and bears not in a single platform, but in the market in general. Thus, Market Barometer helps traders to make the weighed decisions and increases forecast accuracy. It is easy for trader to be lost in an information stream which needs to be interpreted correctly. Constantly it is necessary to switch the attention from one monitor to another in search of the necessary pattern or a signal. The result — a stress, and a stress leads to errors. Xena Market Barometer does analytics ergonomic, and all necessary information is available in one place now. Anton Kravchenko, CEO Xena Exchange

Xena Market Barometer helps to monitor market sentiments and simplifies process of collecting and the analysis of trade data, broadcasting all information necessary for the trader on one screen.