1. Purpose
A consolidated “temperature” metric for the altcoin market on the 30-minute timeframe. Shows where, on average, altcoin prices sit relative to the midlines of their regression channels over the most recent history window.
2. Definition
For each asset, a regression channel is built over the last 1000 candles on 30m. The current price’s position relative to the channel midline is taken and expressed in percent. The median of these values across all alts is then computed. The resulting number is the current value of the 30m indicator.
3. Regression channel
- Midline — a smoothed line describing the primary direction of price over time.
- Bounds — two parallel lines around the midline showing the typical price “spread.”
- Types:
- Bullish — midline slopes upward.
- Bearish — midline slopes downward.
- Near-flat — sideways phase.
4. Inputs and assumptions
- Timeframe: 30m.
- History window: 1000 candles per asset.
- Universe: liquid altcoins (stablecoins and illiquid names excluded).
- Price source: unified and consistent across all tickers.
- Update cadence: on each 30-minute candle close.
5. Value ranges
- Sign:
- Positive — on average, alt prices are above their midlines.
- Negative — on average, below their midlines.
- Magnitude: indicates how far the market is, on average, from its “midlines” on 30m.
6. Limitations and caveats
- The indicator is consolidated: it uses the median, so extremes of individual coins are smoothed.
- During structural trend shifts, reversion to “midlines” may lag.
- In broad risk-on/risk-off regimes, the sign bias can persist for extended periods.
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