Dear @blockchainfo,
Let me thank you for sharing these indicators with us. Until and unless if we use these indicators I cannot say exactly. With this available information in this blog, we understood that data will be collected from almost all the exchanges in the system. I was bit confused by this. I wonder we will not get exact prices from local exchanges as they might vary by 7-10%. How do we solve this problem?
For a short term trader this might not be useful if we don't have acccurate prices. For long term trades this could be really helpful.
Thanks for sharing this with me @crypto.piotr
Thank you
Hi @kcherukuri, thank you for your reaction. Yes, exactly, in the long term it is very valuable. But probably not for a day trading. Those indexes are connected to the data extracted from most major crypto exchanges including deposits and withdrawals of specific cryptocurrencies and also the order books and the executed orders.
You can give it a try, registration is for free and you see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com