Open Interest Valuation Heatmap [MarktQuant]

15. März

The Multi-Asset Valuation Heatmap Indicator is a sophisticated tool designed for traders and investors engaged with a diverse range of cryptocurrencies. This indicator provides a visual representation of the valuation of open interest for over 40 cryptocurrencies. It's not merely tracking trends in price or volume but focuses on the intrinsic value of open positions, offering insights into market sentiment regarding overbought or oversold conditions.

Purpose:

• Sentiment Analysis: By showing the valuation of open interest, this indicator helps users gauge market sentiment towards each asset, identifying which cryptocurrencies might be due for a correction or are potentially undervalued.
  
• Investment Decisions: Assists in making informed decisions about when to enter or exit positions based on the perceived overbought or oversold conditions of the market.
  
• Risk Assessment: Offers a visual tool for assessing which assets might carry higher risk due to overvaluation in open interest.
  

Features:

1. Heatmap Visualization: Utilizes a color gradient to represent the valuation of open interest.
   
2. Green indicates assets with lower valuation, potentially undervalued or with less open interest.
   
3. Red signals assets with higher valuation, indicating they might be overbought or have significant open interest.
   
4. Asset-Specific Analysis: Each asset is individually analyzed, allowing users to compare valuation across different cryptocurrencies directly.
   
5. Customizable Scale: Users can adjust the scale of coloring and the position of the table.
   

Usage:

• Market Entry/Exit Points: Use the heatmap to decide when might be a good time to buy into an asset (when it's in the green, indicating lower open interest valuation) or sell (when it's in the red, indicating higher valuation).
  
• Diversification: Helps in diversifying portfolio by visually identifying which assets might be poised for growth or at risk of decline based on open interest valuation.
  
• Market Timing: Although not a direct timing tool, understanding the valuation of open interest can help in anticipating market movements, especially in volatile crypto markets.
  

Limitations:
Market Dynamics: The valuation of open interest doesn't always predict price movements directly; it's an indicator of market sentiment which can change rapidly.


The Multi-Asset Valuation Heatmap Indicator is an invaluable tool for those looking to understand deeper market dynamics beyond simple price or volume changes. By focusing on the valuation of open interest, it offers a unique perspective on market conditions, potentially aiding in more strategic trading and investment decisions across a broad spectrum of cryptocurrencies.

21. Mai

Versionshinweise

Swapped XLM for SUI
Swapped BCH for PEPE

1. Okt.

Versionshinweise

- Valuation length can now be customized.
- Removed MKR -> Added HYPE .

1. Okt.

Versionshinweise

Replaced USDT pairs on PEPE and SHIB with USDC pairs.

7. Okt.

Versionshinweise

Replaced DOT USDT pair.