In electricity, current (Ampere) X Voltage (Volts) = power (watts).
We can have a device like stun gun which have very high Voltage but low current.
Similarly we can have currency that is "Going to the moon" but with low volume. (Pump)
Therefore when there is an increase of price we check the volume as well. Why not combine these two:
- Voltage becomes Change in price 24hrs
- Current becomes Volume (24hrs)
- Power = Change in price (24Hrs) X Volume (24 Hrs)
Here below we see the regular change in price:
Now the same, but with taking Volume into consideration (Power-indicator):
The two pictures above look nearly the same, but there is a noticable difference when you look at:
USDT-DASH and USDT-BTG.
We see that Dash's price dropped like Bitcoin Gold but with less volume.
The power-indicator comes in handy, not to be cheated by pumps and dumps.
You can find the beta version of this power-indicator on: Hashers
What do you think? I would like to have some comments or feedback on this.
Regards,
Hashers_Admin