We are happy to announce price comparison tables on Kraken Desktop. This new feature allows traders to compare up to 10 markets on a single chart, making it easier than ever to spot trends, see correlations, and gain insight into market movements. Whether you follow Kraken spot markets, perpetual contracts, or fixed-dated futures, this feature is designed to support your trading strategy from every angle.
With live comparison charts, you can now view market data from multiple time series on a single chart. Start by setting up your primary market, then add up to 10 other markets for a side-by-side comparison. You can browse different time frames, zoom in for detailed analysis, or even apply drawing tools directly to your comparison chart for a more in-depth analysis of market movements.
This feature is compatible with all Kraken spot and derivatives markets, making it a versatile addition to your trading toolbox. It is particularly powerful for comparing price trends in perpetual and fixed-dated futures contracts, providing the insights needed to stay ahead of the curve.
Every trader has their own way of interpreting data, which is why Kraken Desktop offers three methods for comparing markets on a single chart:
- Win/loss percentage: View the percentage change for each market over a specified period. This view is perfect for assessing which markets are showing the biggest gains or losses relative to each other.
- Index relative to 100: Normalize each market’s price data to a starting index of 100. This allows you to see how each market has moved relative to each other, making it ideal for tracking correlated movements between different assets or derivative contracts.
- Single axis: Compare raw price data on a single axis, giving you a simple view of price trends. This is particularly useful for analyzing fixed-dated futures contracts of the same asset, allowing you to see how they diverge or converge over time.
And with full control over line style and colors, you can customize the representation of each market to integrate seamlessly with your existing trading dashboard.
This powerful feature isn’t just about displaying data. It’s about leveraging information to improve your trading strategy. Here are some ways active traders can use real-time comparison charts to identify opportunities and create strategic advantage:
- Point correlation models: By comparing multiple markets on a single chart, traders can quickly identify correlations between assets. For example, if Ethereum (ETH/USD) and Solana (SOL/USD) tend to move in tandem, a sudden divergence could indicate a potential trading opportunity, such as arbitrage or a change in market sentiment.
- Analyze the structure of the derivatives market: When analyzing Kraken fixed-dated futures contracts, the View 100 index can be particularly valuable. It allows traders to see how different derivative contracts for the same asset behave over time. This makes it easier to detect discrepancies between current market prices and derivative contracts, potentially revealing pricing errors that can be exploited.
- Track leading and lagging indicators: Use the gain/loss percentage view to see which assets are leading or lagging during a market move. This can help identify changes in dynamics and traders can adjust their strategies accordingly – for example, switching to better-performing assets or taking advantage of a lagging market that is ready for a rebound.
- Seamless integration into your trading setup: Kraken Desktop comparison charts can be integrated into your existing trading structure alongside other modules such as order books, depth charts and trade execution tools such as order tickets or the scales. This allows you to create a personalized dashboard tailored to your trading style, where you can analyze comparative data without losing sight of the bigger picture of the market.
Trick : Explore new board layouts in the Kraken Desktop dashboard gallery.
With real-time comparison charts, Kraken Desktop puts unparalleled analytical power at your fingertips. Whether you are a seasoned trader or a beginner, you will appreciate the flexibility and precision that this new feature brings to your trading toolbox.
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