Indicator glossary

Every mantacharts indicator in plain words: what it shows, how to read it and where its limits are.

Indicators

4-year cycle: Counts the calendar days since the last Bitcoin halving and shows next to it where previous cycles found their high …
Anchored VWAP: The Anchored VWAP is a volume-weighted average price that starts not at a fixed period but at a candle of your choice, …
Asset YoY % Change: The percentage change of the close from its level a year ago.
ATH Drawdown: The percentage distance of the close from the running all-time high.
Average Directional Index (ADX): The Average Directional Index measures how strong a trend is, regardless of its direction.
Average True Range (ATR): The Average True Range measures how far the price moves per candle on average, including gaps from the previous candle.
Bear Market Drawdown: The percentage distance of the closing price from the highest high ever reached, colored by market phase.
Bitcoin Growth Delta: The growth rate of the closing price minus the growth rate of its cumulative VWAP, smoothed over one year.
Bitcoin Rainbow Indicator: The logarithmic regression of the well-known Bitcoin Rainbow Chart: two fixed straight lines over the age of the …
Bollinger Bands: Bollinger Bands place two bands around a simple moving average.
Bull Market Support Band: The Bull Market Support Band consists of the 20-week SMA and the 21-week EMA, with the area between them shaded.
CME Gaps (spot approximation): Bitcoin trades around the clock, the CME Bitcoin future does not.
Commodity Channel Index (CCI): The Commodity Channel Index measures how far a candle's typical price is from its moving average, in units of mean …
Donchian 20: The Donchian Channel draws the highest high and the lowest low of the latest candles as its upper and lower limits, …
EMA 100: The EMA 100 is an exponential moving average of the chart's last 100 candles.
EMA 20: The EMA 20 is an exponential average of the chart's last 20 candles.
EMA 200: The EMA 200 is an exponential average of the last 200 candles on the chart.
EMA 50: The EMA 50 is an exponential average over the chart's last 50 candles.
EMA 9: The EMA 9 is an exponential moving average of the chart's last 9 candles.
Exponential Moving Average (EMA): The Exponential Moving Average is a moving average of closing prices that gives recent candles more weight.
Keltner 20 · 2 ATR: The Keltner Channel places two bands around an exponential moving average of the close, at a multiple of the Average …
Local Volume Profile: The Local Volume Profile distributes the volume of the last candles across price levels and uses that to draw three …
MACD (Moving Average Convergence Divergence): The MACD (Moving Average Convergence Divergence) shows the distance between a fast and a slow exponential moving …
Money Flow Index (MFI): The Money Flow Index is an RSI that also weighs volume. Instead of only counting how far the price has risen or …
MTF RSI: The MTF RSI shows the RSI of a fixed timeframe, even when your chart is on a different interval.
Multi-Timeframe Opens: Draws the daily, weekly, monthly and yearly opens as lines over the price.
Pattern detection: Pattern recognition marks classic candlestick patterns as well as double tops and double bottoms directly on the price.
On-Balance Volume (OBV): On-Balance Volume adds the volume of every candle with a rising close and subtracts the volume of every candle with a …
Rate of Change (ROC): Momentum as Rate of Change shows by what percentage the close is higher or lower today than a fixed number of candles …
Relative Strength Index (RSI): The Relative Strength Index compares the average price gains of the latest candles with the average price losses and …
Seasonality Indicator: The Seasonality Indicator overlays the annual paths of previous years on the current year.
Short-Term Risk Score: The Short-Term Risk Score combines ten components from price and volume into a number between 0 and 1: risk-adjusted …
Simple Moving Average (SMA): The Simple Moving Average is the arithmetic mean of the last closing prices.
SMA 100: The SMA 100 is the simple average of the chart's last 100 closes.
SMA 20: The SMA 20 is the simple average of the chart's last 20 closes.
SMA 200: The SMA 200 is the simple average of the chart's last 200 closing prices.
SMA 200 · 1D: The 200-day average, fixed to daily candles: it shows the same line on every chart interval, whether on the 15-minute, …
SMA 200 · 1W: The 200-week average, tied firmly to weekly candles: it shows the same line on every chart interval, whether on the …
SMA 50: The SMA 50 is the simple average of the chart's last 50 closes.
Smart Money Concepts: Smart Money Concepts draws the market structure on the chart: swing highs and lows with their labels, breaks of …
Stochastic RSI: The Stoch RSI applies the Stochastic formula not to the price but to the RSI.
Stochastic Oscillator: The Stochastic shows where the close sits within the range of the last candles: 100 means at the highest high, 0 at …
Supertrend 10 · 3: Supertrend is a trend line set at a multiple of the Average True Range.
Trendfinder: The Trendfinder merges two independent trend measurements into one line: a filter difference in ATR units and a small …
Trendfinder Overlay: A compact trend signal between −1 and +1 made of three parts: the difference between two high-pass filters, RSI …
Ultimate BTC Top/Bottom: Eight cycle modules vote on every candle on whether the Bitcoin price looks like a cycle top or a cycle bottom.
Volatility Index: The average range per candle as a percentage of the price, measured against the symbol's own normal volatility rather …
Volume Weighted Average Price (VWAP): The VWAP is the volume-weighted average price since the start of the current period: day, week, month or year.
Volume: Volume shows, as columns along the bottom edge of the main chart, how much was traded in each candle.
VWAP: A volume-weighted average price over a rolling window of the last 200 candles.
Williams %R: Williams %R shows how far the close sits below the highest high of recent candles, measured against the whole range.
WMA 20: The WMA 20 is a weighted average of the chart's last 20 closing prices, in which the weight rises linearly toward the …
WMA 50: The WMA 50 is a weighted average of the chart's last 50 closing prices, in which the weight rises linearly toward the …
Z-Score Probability Waves: Bands from ±1σ to ±5σ around the moving mean of the close, plus rings at the strongest swings in the history.

Order flow

Coinbase Premium Indicator: The Coinbase Premium shows how much more or less Bitcoin costs on Coinbase than the global average, in percent.
Cumulative volume delta (CVD): Cumulative Volume Delta (CVD) keeps a running total of each candle's delta: aggressive buys minus aggressive sells.
Footprint: The footprint opens up every candle: instead of just open, high, low and close, you see how much was aggressively …
Funding rate: The funding rate is the financing rate of perpetual futures.
Hyperliquid stop/TP map: The Hyperliquid Stop/TP map shows at which prices open positions on Hyperliquid would be closed: by stop-loss orders, …
Liquidations: Liquidations are forced closures of leveraged futures positions: when the collateral is no longer enough, the exchange …
Liquidation heatmap: The liquidation heatmap estimates the prices at which leveraged positions opened in past candles would be liquidated.
Open interest: Open interest is the total of all open futures positions in a coin. Each position counts once, that is, one side.
Order book top levels: Order book top levels show the largest walls in the current order book: on each side of the price, the price levels …
Order book heatmap: The order book heatmap shows where limit orders are waiting in the order book and how long they stay there.
Order book depth (±5%): Order book depth shows, per candle, how many dollars are sitting in the order books within ±5% of the mid price: buy …
Premium (spot − perp): The premium shows, for each candle, the price gap between a coin's spot and perpetual markets.
Session Volume Profile: The Session Volume Profile draws a separate volume profile for each session, starting at the beginning of the session, …
TPO / Market Profile: The Market Profile counts time, not volume: for each time segment of a day, every price level the price touched in …
Trade bubbles: Trade bubbles show large market orders directly on the chart: as a circle at their price and in the candle in which …
Volume delta: Volume Delta shows, for each candle, how much more was bought aggressively than sold, as bars around a zero line.
Volume Profile (VPVR): The Volume Profile (VPVR, Visible Range) shows the traded volume per price level for the visible area of the chart, as …
Volume (exchange): Volume (exchange) shows aggressive buy and sell volume for each candle as a stacked column, for all the exchanges in …

On-chain

% Supply in Profit: What share of recent closing prices is at or below the current price?
Active addresses: Active addresses count how many different addresses took part in at least one transaction on a given day, as sender or …
Active addresses (BTC): The number of daily active Bitcoin addresses, smoothed over a week and shown as a percentage deviation from its own …
Bitcoin Energy Value: A valuation model for Bitcoin based solely on the network's energy use: how much energy goes into securing the …
Bitcoin SOPR: The Spent Output Profit Ratio: the ratio of sale value to cost basis of all bitcoin moved on-chain in a day, colored …
Bitcoin transaction fees (daily total): Fee pressure on the Bitcoin network: the sum of all transaction fees paid in a day in US dollars, as a multiple of its …
Exchange netflow: Exchange netflow shows how much net value flowed onto exchange wallets in a day: inflows minus outflows, in US dollars.
BTC / energy: The Bitcoin price per unit of network hashrate, in USD per EH/s, read against its own yearly average.
BTC production cost: What it costs the Bitcoin network in electricity and operations to produce one bitcoin, as two lines over the price: …
Difficulty: Difficulty indicates how hard it is to find a valid Bitcoin block.
Energy Value Oscillator: The Energy Value Oscillator measures how far the Bitcoin price is above or below its energy value, in percent.
Hashrate: The hashrate is the computing power miners use to secure the Bitcoin network, shown in the pane in terahashes per …
Miner revenue: Miner revenue is everything Bitcoin miners earn in a day: the newly created coins from the block subsidy plus the …
MVRV Z-Score: The MVRV Z-Score measures how far a coin's market value sits above or below its realized value, and puts that gap in …
SOPR: SOPR (Spent Output Profit Ratio) compares, for all bitcoin moved on a given day, the value when spent with the value …
STH Cost Bands: This study overlays an approximation of the cost basis of short-term holders (STH) on the price, plus bands at …
Transaction fees: Transaction fees show how much all users together paid on a given day, in US dollars, to get their Bitcoin …
Circulating supply: Circulating supply shows how many bitcoin have been created so far.

Macro

Asset correlation (Gold): How closely your chart's symbol and gold move together, as a strength from 0 to 100.
Bitcoin Dominance Trend: Bitcoin's share of total crypto market cap, read against its own 200-day average.
BloodBath Indicator: The ratio of the short-term US interest rate to an assumed risk premium for high-yield bonds, read against its …
BTC Fear & Greed Index: The Crypto Fear & Greed Index, a sentiment value from 0 (extreme fear) to 100 (extreme greed), with the same bands and …
BTC Ultimate Signal Indicator: Three building blocks in one pane: the Trendfinder's trend signal (main line), the Short-Term Risk Score and the …
COT positioning: COT positioning shows how large groups of traders are positioned on the US futures exchanges: who is net long, who is …
Custom Symbol Overlay: Overlays the US M2 money supply on the price, on a logarithmic scale and shifted forward in time.
DCA Performance Tool: The DCA Performance Tool compares the symbol's performance since January 1, 2015 with the S&P 500, the Nasdaq 100 and …
Fear & Greed Index: The Fear & Greed Index sums up the sentiment in the crypto market in a number between 0 (extreme fear) and 100 …
Federal Funds Rate: The effective US policy rate (Effective Federal Funds Rate): the rate at which US banks lend each other money …
Global Economy Index: The Global Economy Index combines four economic series of the world economy into one number: the average of their …
Global Liquidity: Global Liquidity adds up the balance sheets of the Fed, the ECB and the Bank of Japan in trillions of US dollars, for …
Global Liquidity Index: An approximation of global liquidity from its US share: US M2 money supply plus the Fed's balance sheet total, in …
GOLD Overlay: Overlays the gold price as a line on the symbol's price. The question behind it: is the symbol moving with the oldest …
Inflation Forecast: Compares actual US inflation with the inflation the bond market is pricing in for the next ten years.
Policy rates: The policy rates set by the four central banks that determine the price of money for a large part of the world: the …
Liquidity Risk: Liquidity Risk condenses US financing conditions into a single number between 0 and 1: 0 is very loose, 1 is very tight.
M2 Delta: M2 Delta measures whether the price is growing faster than the US money supply: the average price change per candle …
M2 money supply: M2 is the broad money supply of the USA, shown in the “M2 (USA)” pane in trillions of US dollars.
M2 Overlay (US M2, 90-day lead): The US M2 money supply as a line over the price, shifted forward by 90 days.
News in the chart: News in the chart places news and economic calendar events as markers at the bottom edge of the price pane, exactly at …
Prediction markets at price: Prediction markets at price draws bets such as “Bitcoin above 90,000 USD on …” as yellow dashed lines at their price …
QT/QE indicator (Fed balance sheet): Shows the weekly change in the Fed's total assets in billions of US dollars.
Real Yields Tracker: Shows the real yield on ten-year US government bonds, that is, the yield after inflation, together with the nominal …
Recession Indicator: The Recession Indicator looks for the classic leading combination of a US recession: the yield curve turns back from …
Stablecoin Suite: The Stablecoin Suite relates the capital in stablecoins to Bitcoin.
Stablecoin Supply Ratio (SSR): The Stablecoin Supply Ratio (SSR) sets Bitcoin's market cap against the market cap of all US dollar stablecoins.
US Bond Market Stress Tracker: A stress index for the US bond market from 0 to 100, built from four components: inverted yield curve, inflation, VIX …
US Macro Phase Score: The score condenses four US macro series into a single number between 0 and 1: industrial production, the labor …
US unemployment rate: The official US unemployment rate, seasonally adjusted and monthly, unchanged with one decimal place.
US unemployment rate year over year: The US unemployment rate year over year: by what percentage it sits above or below the value of the same month a year …
US Dollar Index (DXY): The US Dollar Index (DXY) measures the value of the US dollar against a basket of six major currencies.
US government bonds (yield curve): The complete US yield curve in one pane: eleven maturities from one month to thirty years, each as its own line, …
US government bonds 10Y: The yield on ten-year US government bonds in percent, in the “US10Y” pane.
US consumer price index (CPI): US consumer price inflation, calculated the way it is published: the annual rate as the main line, plus the core rate …
USDT Dominance Score: The score measures how unusually high or low the USDT share of the crypto market currently is, measured against its …
USDT.D Divergence: The study compares the symbol's price change with the change in USDT's share of the total crypto market.
Yen Carry Trade Watcher: The study shows the rate gap between the US dollar and the yen: the American policy rate on the money market minus the …
Yield curve: The study condenses the shape of the US yield curve into one number: the ratio of the ten-year to the two-year yield.

Companies

Earnings: The company's earnings as a line in its own pane below the chart: net income or earnings per share, by default over …
Profit margin: The company's net margin as a line in its own pane below the chart: how much of revenue is left as earnings, per …
Earnings forecast: The earnings per share that analysts expected for each quarter, as a line in its own pane below the chart, going back …
Hashprice: What one petahash of computing power per second earns a Bitcoin miner in a day, in dollars, as a line in its own pane …
P/E: The price-to-earnings ratio (P/E) per candle: the close divided by the earnings per share of the last twelve months at …
Crypto holdings: How many Bitcoin, Ether or other coins the company holds, as a line directly on the chart above the candles, with its …
Cash and equivalents: The company's liquid assets as a line in its own pane below the chart: cash, bank balances and short-term investments …
mNAV: The ratio of enterprise value to the value of the coins the company holds, for every candle, the way Strategy reports …
Network hashrate: The total computing power of the Bitcoin network in exahashes per second, as a line in its own pane below a miner's …
Revenue: The company's revenue as a line in its own pane below the chart, by default over the last twelve months at each point.
Revenue forecast: The revenue that analysts expected for each quarter, as a line in its own pane below the chart.
Interest burden: What the company has to pay on an ongoing basis for its capital, as a line in its own pane below the chart: interest …

Options

GEX profile (options): The GEX profile shows, per strike, how much delta options dealers would have to hedge if the price moves by 1%, plus …