How to choose a cryptocurrency screener for buying, selling and arbitrage transactions

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The ability to buy and sell cryptocurrencies can be an important source of income for a trader. However, it should be borne in mind that such activities are associated with significant risk. Buying and selling cryptocurrencies requires professionalism from market participants. But even in the best case scenario, there is no guarantee that every trade is a winning one. In exchange trading, profits are obtained due to the fact that the total income for a certain period exceeds the losses for the same time. In many ways, cryptocurrency trading resembles other types of exchange trading, but there are significant differences that need to be remembered. They are primarily determined by the nature of such assets. There are hundreds of types of cryptocurrencies, each of which fluctuates significantly in price due to random circumstances.
How to choose a cryptocurrency screener for buying, selling and arbitrage transactionsThe cryptocurrency market is extremely unstable [/ caption] In order to increase the profitability of transactions, traders must use all the means available to them to reduce the risk. Usually, for this purpose, an analysis of the selected assets is carried out using the methods of technical and fundamental analysis. In the first case, the history of changes in quotes, as well as their behavior at the current moment, is considered. At the same time, the trader looks for certain signs of situations suitable for opening profitable trades.

There is no knowledge that guarantees their success or establishes a list of conditions necessary for profitable trading.

For successful work, a trader needs to study the existing experience, draw up a trading system, check its effectiveness on historical data and, if it should meet expectations, then start buying and selling cryptocurrencies. Fundamental analysis requires examining data that affects the use of cryptocurrencies. We are talking about real events that affect the value of cryptocurrencies. An example is the change in legislation in this area in various countries, the purchase or sale of significant amounts, the plans of businessmen or organizations in this area. However, most often methods of technical analysis are used to plan and execute transactions. This is largely due to the availability of quotes for analysis. Cryptocurrency screeners are specialized services or applications,which provide operational data on the quotes of the most popular cryptocurrencies. The trader receives the necessary information in the form of large tables, in which a certain line corresponds to each currency. Usually the simplest methods of selecting currencies and analyzing their changes are available in the screener. He sets the conditions that best match his trading system. Having received information about the possibility of a promising deal, the screener analyzes digital data and makes a decision to buy or sell. By clicking on the corresponding line, a price chart can be opened, which will help to more accurately analyze the situation.Usually the simplest methods of selecting currencies and analyzing their changes are available in the screener. He sets the conditions that best match his trading system. Having received information about the possibility of a promising deal, the screener analyzes digital data and makes a decision to buy or sell. By clicking on the corresponding line, a price chart can be opened, which will help to more accurately analyze the situation.Usually the simplest methods of selecting currencies and analyzing their changes are available in the screener. He sets the conditions that best match his trading system. Having received information about the possibility of a promising deal, the screener analyzes digital data and makes a decision to buy or sell. By clicking on the corresponding line, a price chart can be opened, which will help to more accurately analyze the situation.
How to choose a cryptocurrency screener for buying, selling and arbitrage transactions

Best Cryptocurrency Screeners

To select the most suitable screener, see the list below. Below are descriptions of the most popular services.

Scalpcore – Cryptocurrency Density, Volatility and Arbitrage Screener for Binam

To use this screener, you need to follow the link https://trendcore.io/level/. Here you can work with futures and spot trades. Large orders listed on the Binam exchange are considered here. Knowing what prices they correspond to will help to take into account an important factor that has a significant impact on the change in quotations. When counter offers occur, they will be absorbed. Such levels can contribute to the formation of reversal patterns or form levels to which prices are attracted. Their knowledge will enable traders to enter trades with good chances of making a profit. The line color indicates the position of the order inside the glass. In this case, green corresponds to the top, and red – to the bottom. Clusters of claims are also called densities. On the screener, you can filter the amount of moment,starting from which information on densities may be of interest to a trader. As a disadvantage, it can be noted that this screener is highly specialized, it is designed to detect places only of density accumulations. The developer is adding new coins for consideration, but it would be desirable to increase their number even more.
How to choose a cryptocurrency screener for buying, selling and arbitrage transactions

ScalpLive

The screener is available at https://scalp.live/app/. The data is arranged in three columns. Each of them uses similar graphs. The far left is a list of the coins in question. Further, in four columns it is indicated which applications are available. The following types of them are considered here: long and short for futures, as well as long and short for spot transactions.
How to choose a cryptocurrency screener for buying, selling and arbitrage transactionsThe next column shows the last change in the value of the selected coin, as well as the level of correlation with Bitcoin. If you hover the mouse cursor over this number, then a graph of changes in the cryptocurrency will appear. After clicking with the left mouse button, a transition to a new page is carried out, on which the trader can see four charts: one-minute, five-minute, hourly and daily. Each of these graphs can be expanded to fill the entire page. Here are the orders closest to the current price. Where spot or futures transactions are indicated, a certain color may be present. The lighter it is, the closer the coin value is to the indicated applications. Although detailed information on a large number of cryptocurrencies is presented here, it is nevertheless very difficult to use it correctly right away. Despite this drawback, the site has a detailed help system,which will help beginners to master the service. Another disadvantage is the lack of notifications.

Free Crypto Screener Marcetcap

This service for working with cryptocurrencies is free. To go to it, you need to use the link https://marketcap.com/. The screen shows a list of cryptocurrencies, each of which has a line dedicated to it. When selecting, you can use a filter by sector. Thus, a trader can view the most promising types of coins from his point of view. Since there are various types of cryptocurrencies among the existing varieties, you can choose only those that are of interest. It is possible to apply a more detailed filter, which can take into account the price, the amount of such money in circulation, the total amount, the percentage change in value for the last day, week or year, as well as using other parameters.
How to choose a cryptocurrency screener for buying, selling and arbitrage transactionsCrypto Screener Marcetcap [/ caption] With this screener, a trader can see information about the current state of the presented types of cryptocurrencies and select those that look the most promising for work. This screener is very popular, but the default view might need to be improved. Here, by default, only changes in the last 24 hours are shown, while longer periods may be of interest.

Freemium cryptocurrency screener Tradingview

You can use the screener by following the link https://ru.tradingview.com/crypto-screener/.

This screener is available not only through the web interface, but also through the smartphone app.

The service not only provides information about cryptocurrencies, but also allows the use of a specialized scripting language. There is not only a free, but also an advanced version that offers more opportunities for productive work with cryptocurrencies. The platform provides all the necessary information about cryptocurrencies to enable the trader to make trading decisions. For each coin, the following are displayed here: the current price, the latest changes in percentage and value, the maximum and minimum values ​​for a certain period, volume, recommendations, exchange.
How to choose a cryptocurrency screener for buying, selling and arbitrage transactionsIf a cryptocurrency is traded on different exchanges, then a separate line will be allocated for each of them. The recommendations indicated in the table may become the basis for entering or exiting a trade, but it should be borne in mind that they do not guarantee profitability. To be more effective, a trader must rely on attributes that match the trading system they are using. If necessary, you can open a chart for the selected currency. Graphic information will complement the one contained directly in the table. In the screener, it is possible to set various filters for the table by various parameters: cost, amount of changes for different periods, level of coin capitalization, and others. Here are the details for cryptocurrency traders. However, I would liketo add information about commissions on various exchanges and bonuses available there. Another disadvantage is the need for paid access to get all the available work opportunities.

Arby Trade – Cryptocurrency Screener for Binance

The screener tracks trading on the Binance exchange. You can go to the service by following the link https://arby.trade/. There are over 130 instruments traded here. The service is paid and offers traders several different tariffs. For each coin, you need to see the charts of quotes in timeframes from 5 minutes to a month.
How to choose a cryptocurrency screener for buying, selling and arbitrage transactionsThe color of the graph indicates recommendations for certain actions. If it is red, then the preferred behavior is buying, and if it is green, then selling. Situations with different recommendations can be recorded on different timeframes.
How to choose a cryptocurrency screener for buying, selling and arbitrage transactionsHere, as well as on other screeners, you can work with data presented in the form of a table. When you click on the corresponding line, you can open a page with charts of changes in the value of the selected instrument. As a disadvantage, the paid nature of the provision of services can be considered. How to use and work with the cryptocurrency screener in practice – video review of the crypto screener: https://youtu.be/oGlW7IJahdA

comparison table

In order to compare the capabilities of screeners, you can summarize the information presented in a table.

ScreenerAddressFreeWorking with multiple exchanges
Scalpcore https://trendcore.io/level/YesYes
ScalpLive https://scalp.live/app/YesNo
Marcetcap https://marketcap.com/YesYes
TradingViewhttps://ru.tradingview.com/crypto-screener/There is a free planYes
Arby Tradehttps://arby.trade/NoNo

How to use the cryptocurrency screener

When working with cryptocurrencies, it is important for a trader to choose the right coin for the job. Opportunities can arise frequently, but you need to be able to spot them in time. To do this, you not only need to receive all the necessary information in a timely manner, but also perform a preliminary analysis of the market situation. The trader needs to choose one or several screeners with which he will work. In most cases, they offer similar basic capabilities. In order to work in the market, you need to use a specific trading system. In accordance with her recommendations, a filter is installed on the service, which will help to make a preliminary selection of promising situations. Then the analysis is performed and a trading decision is made. This could be, for example, buying, selling currencies, or performing arbitrage transactions. For example,if there is an increase in value, but there is a large order on its way, then you can count on a rollback and, accordingly, sell the asset.

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Programming, investment and algorithmic trading
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  1. Борис

    Скринера darkseer.live нет в списке 💡

    Reply