Flow events: what price did after funding or open interest went to an extreme

Flow events looks through AlertaChart's own recordings of a coin's funding and open interest and finds the hours when one of them went to an extreme. It then shows what price did in the following hours, next to what it did after any hour, so you can tell whether the extreme meant anything. It is a Pro Lab tool, part of the Pro and Elite plans.

Using it

1. On a computer, press Pro Lab on the right-hand toolbar; on a phone, open the analysis centre from the chart's bottom bar and choose Pro Lab. Then choose Flow events.
2. Press the coin field and pick a coin, or one of its perpetuals, in the symbol search.
3. Choose the event: Funding very high, Funding very low, Open interest surge or Open interest flush.
4. Read the summary first, then the price paths around the events and the list of events.

Reading the results

• The first lines say where funding and open interest stand now, and in how many of the events price was higher 24 hours later, with the median move next to that of any hour.
• The cards compare 4, 24 and 72 hours after the events with the same spans from every hour.
• The paths chart sets every event to 0 and draws price from a day before to three days after: the faint green and red lines are single events, the bold line is their median.
• The z-score chart shows how unusual the series was over time, with dashed lines at ±2. The table lists every event with its value and what came after it.

Good to know

• An event is the first hour the value is 2 standard deviations or more away from its own last 30 days; the same kind is not counted again for 72 hours. For funding the level must also be unusual on its own: at least 1.2 times the neutral 0.01% per 8 hours for a high, under half of it for a low.
• Funding is the median of the venues' last settled rates; the 24-hour change of open interest counts only the venues read at both ends.
• The study covers about the last 14 months of hours, less for a coin listed later. With few events, read the spread of outcomes, not only the median.