Upbit Data Lab Launches Composite Technical Indicator to Track Crypto Market Heat
Forecast Trend Report by Period
Upbit Data Lab, the digital-asset data platform operated by Dunamu, has launched a new composite technical indicator designed to give users a more intuitive read on market trends.
Dunamu said on May 29 that it added the new gauge to Upbit Data Lab to provide an overall diagnosis of conditions in the digital-asset market. The indicator combines complex technical-analysis data into a single score, making it easier to identify whether the market is overheating or weakening.
The gauge incorporates 10 core technical indicators used in traditional financial markets, including the relative strength index, Bollinger Bands, stochastic and moving-average divergence. Upbit Data Lab said it standardized signals from different technical indicators into a single 0-to-100 scoring system to reduce confusion in investment decisions.
A score closer to 0 indicates a market downturn in oversold territory, while a score closer to 100 signals an overheated market in overbought territory. The indicator is also calculated based on all assets available for trading on Upbit, rather than any single token.
Dunamu expects the indicator, when used alongside its existing Fear and Greed Index, to offer a more multidimensional view of market sentiment and price trends.
Kim Dae-hyun, Dunamu's chief data officer, said the company combined professional analytical tools with Upbit's composite index and standardized them in a format that is easy for anyone to understand. He added that he hopes the indicator will help investors interpret market trends more objectively and from multiple angles.
