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07/12/2022 |

TrendSpider Software Update: New Data Types: Crypto Fear And Greed Index and Dark Pool Volume

Hello, everyone, and welcome to another software update from your friends at TrendSpider. In this update, we’ve added two really interesting, new data types to the platform; Fear And Greed Index and Dark Pool Volume. Let’s dig in!

Crypto Fear And Greed Index

Crypto Fear & Greed Index is a high-level metric of the overall market sentiment for Bitcoin. It is calculated by using a number of factors that have different weights:

  • Volatility (25%)
  • Market Momentum/Volume (25%)
  • Social Media (15%)
  • Dominance (10%)
  • Trends (10%)
  • Undisclosed Factors (15%)

The indicator is accessible via the ‘Other Data’ button. To add it to your chart, simply check the box next to the ‘Fear & Greed Index (Crypto)’ option. It will present as a lower indicator at the bottom of your chart, as can be seen in the image below.

You’ll notice 5 unique colors within the indicator. Each color represents a level of ‘fear’ or ‘greed’, and the colors are delineated as follows:

  • Extreme Greed (Light Green)
  • Greed (Dark Green)
  • Neutral (Grey)
  • Fear (Dark Red)
  • Extreme Fear (Light Red)

Dark Pool Volume

Depending on the market you’re trading, the share of dark pool activity can vary dramatically. For some stocks, barely any trades happen outside of public exchanges. For others, however, as much as 70%+ of trading activity runs within a dark pool on a regular basis.

If you’re unfamiliar with what a Dark Pool is, Investopedia defines a Dark Pool as;

‘…a privately organized financial forum or exchange for trading securities. Dark pools allow institutional investors to trade without exposure until after the trade has been executed and reported. Dark pools are a type of alternative trading system (ATS) that gives certain investors the opportunity to place large orders and make trades without publicly revealing their intentions during the search for a buyer or seller.’

On TrendSpider, we have this data illustrated such that we can now view the share of trading activity happening outside of public exchanges at a given time.

In order to access the Dark Pool Volume indicator, simply click on the ‘Other Data’ button and check the box next to the ‘Dark Pool Volume (US Equity)’ option.

Two important things to note before using the Dark Pool Volume data:

  • The Data is of Weekly granularity (1 data point per week) and is delayed by 3 to 5 weeks.
  • For Stocks and ETFs, our historical DWM Volume data has always incorporated Dark Pool data.

We hope you find these new data types useful, and as always, if you have any questions do feel free to reach out to us in chat via the ‘Contact Us’ button in the bottom right-hand corner of your chart!