VLOAD Data Setup and Indicator Guide

Aug 31, 2024

VLOAD Data Tutorial by Kodo Crypto

Introduction

  • Tutorial by Kodo Crypto on setting up VeloData and dashboard.
  • Tutorial includes setting up VeloData step-by-step and setting up the dashboard as shown in the videos.

Setting Up VeloData

  • Access link available in bio on Twitter.
  • Use ref link for signup; appreciate support via ref link.
  • Click "Open App", then "Account" for login/signup.
  • Sign up with email, create password, and verify.
  • Free signup, no credit card needed.

Dashboard Setup

  • Initial screen offers various tools and analytics.
  • Navigate via top left menu to "Chart" for chart setup.

Coins and Charts

  • Right side: search and display coins like Solana.
  • Add indicators (RSI, custom indicators) to the chart.
  • Sort by 24-hour price or open interest change.

Customization

  • Customize columns, add 7-day change, highs/lows.
  • Create watchlists for favorite coins (DeFi, Layer 1/2, Metaverse).
  • Utilize settings to customize views like TradingView.

Adding Indicators

Aggregate Funding

  • Indicator for moving average of aggregate funding.
  • Customize data by exchanges and measurement settings.

Open Interest

  • Search for aggregate open interest indicator.
  • Important: measure in terms of coins, not dollars.
  • Explanation of why coins are a better measure than dollars.

Spot and Perpetual Volume

  • Volume indicators include regular, aggregate, and spot volume.
  • Cumulative volume delta used for better visual representation.
  • Separate views for Binance and Coinbase to see which leads the market.
  • Combine indicators for net effect and individual exchange insights.

PERP Premium

  • Indicator shows PERP trade prices versus spot prices.
  • Positive PERP premium indicates demand on PERP exchanges.

Funding Rates

  • Tracks ratio of longs to shorts, skewed directions.
  • Helps adjust PERP prices in line with spot prices.

Important Details

  • VeloData is free, but an upgraded account may be needed for multiple panes.
  • Core indicators: open interest, funding rate, PERP premium, chart.

Interpreting Indicators

Open Interest

  • Measures total open positions, does not indicate directional bias.
  • Rise in open interest indicates more levered positions opening.

Cumulative Volume Delta

  • Tracks market buying/selling versus limit orders.
  • Useful for identifying buyer/seller absorption.

PERP Premium

  • Indicates trading price difference between spot and PERP exchanges.

Funding Explained

  • Funding keeps PERP prices aligned with spot prices.
  • Positive funding rate: longs pay shorts; negative: shorts pay longs.
  • Market conditions affect funding rates (bullish markets have positive rates).

Conclusion

  • Follow Kodo Crypto's videos for deeper understanding and application.
  • Use lower time frames to see interaction between price and indicators.
  • Indicators provide insights into market dynamics and potential trading opportunities.

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