Cointelegraph Market Pro has come with an algorithm determination called VORTECS™ Score in collaboration with The TIE, a data firm. The new crypto program can determine how bearish or bullish the present trading scenarios are for a particular crypto asset.
It presents a score based on the historical data, meaning that the entire history of a token or coin is looked into to ascertain the trading condition.
What is the VORTECS™ Score?
The program looks for different outliners and similarities such as recent price action, trading volume, tweet volume for the digital asset, and social sentiment about it. If there are similarities, it analyzes what the next condition was. Did the digital asset’s value go down or up? Was the movement consistent? Were the fall or rise significant and the magnitude of it?
The program combines all these data points to arrive at the VORTECS™ Score. The score constantly and dynamically shows the evaluation of the present trading status for every supported digital asset.
If the score is higher, the outlook is more bullish, and the algorithm is more confident. On the contrary, a low score means an equally confident bearish condition. The program considers 50 as a neutral score, meaning that the algorithm did not find any relevant correlation between previous price performance and current conditions.
Markets Pro team began testing several strategies once the algorithm went live. However, all of these are happening on a spreadsheet and not on an exchange. The test re-balances every hour as it wants to keep equal holding of all crypto assets.
