An indicator is a compressed description of past market data, not proof of what traders will do next.
What an indicator can measure
Market indicators transform price, high, low, and volume observations into simpler readings. Momentum compares prices across time; range position locates price between a period high and low; volatility describes movement size; and volume describes reported turnover. Agreement can make a description more coherent, but cannot make an outcome certain.
Keep scope in view. One venue or aggregate is not a complete record of global trading. Reported volume is neither total value locked nor available order-book liquidity, and indicators react differently because they use different windows.
What the market page actually does
The home market scanner uses CoinGecko-style fields for 1-hour, 24-hour, and 7-day price change, the 24-hour high and low, total volume, and market capitalization. It computes range position as (current price − low) / (high − low), and a volume-intensity proxy as total volume / market cap. Its volatility label comes from the 24-hour high-low range divided by current price.
The displayed pressure is a heuristic, not executed order flow. Rules add or subtract a score for momentum, range location, and the volume proxy; the final value is clamp(50 + score × 8) from 0 to 100. The market-wide figure averages token scores. Labels such as accumulation, distribution, or squeeze are rule-based classifications, not evidence of hidden institutions, open interest, long positions, or short positions. The page has no social or news sentiment feed.
Do not blend separate tools
The app’s chart tool at /charts is a separate implementation. It calculates Ichimoku components with 9-, 26-, and 52-candle ranges and Keltner Channels from a 20-period exponential moving average plus or minus two 20-period ATR values. Price above or below the Ichimoku cloud supplies directional permission; two closes beyond the relevant Keltner boundary confirm a chart breakout or breakdown.
The DeepBook dashboard at /dashboard describes on-chain order-book markets. Bid and ask notional there means price × quantity resting on each side, not trader long/short positioning. The /signals experience and server alerts may use different data and logic from the home-page UI, so a similarly named alert should not be assumed to share undocumented thresholds.
Use a repeatable checklist
Start with timeframe and source, then identify direction, range location, volatility, and participation. Look for contradictions and define invalidation before acting. Educational indicators not present here—such as RSI, MACD, funding, or social sentiment—should not be attributed to this scanner.
Worked range and volume reading
Assume an illustrative asset has the following provider snapshot. These figures are invented only to show the arithmetic.
- Price and 24h range
- $108; low $100; high $110
- Range position
- ($108 − $100) / ($110 − $100) = 80%
- Volume proxy
- $120m volume / $600m market cap = 20%
- Momentum context
- 1h +0.8%; 24h +3%; 7d −4%
The asset is high in its daily range with positive short-term momentum, but its weekly direction conflicts. The 20% ratio is a turnover proxy, not liquidity or TVL, and the inputs alone do not reveal buyer-initiated flow.
Common interpretation traps
- Calling the pressure gauge buy/sell order flow when it is a clamped heuristic based on price, range, and volume inputs.
- Treating total-volume-to-market-cap as liquidity, TVL, or a guarantee that a trade can execute near the displayed price.
- Combining readings from different timeframes, providers, or app pages as though their calculations and alert thresholds were identical.
Frequently asked questions
Does a pressure score above 50 mean buyers executed more volume?+
No. It means the home-page rules produced a positive score before applying clamp(50 + score × 8). It is not a trade-side audit.
Does the app calculate RSI or MACD?+
Not in the inspected market scanner or chart indicator service. Those are valid educational indicators, but the implemented chart calculations are Ichimoku and Keltner Channels.
Is a compressed market guaranteed to break out?+
No. A narrow observed range describes recent movement only. Compression can persist, expand in either direction, or be distorted by the chosen window.