Good idea, is the project open source or not?
If it is open source, can we know the measurement methodology? How to measure the data? Analysed? Exclude anomalies and other information.
There is some explanation here but it is general --->
https://cfgi.io/BTC/1dIn general, GUI is beautiful and the way the data is displayed is attractive, I liked it
Thank you very much, we have different analysis modules, some are simpler than others. Measuring dominance is relatively simple, you need the specific capitalization of each cryptocurrency but also the total market capitalization (although obtaining that data is not so easy anymore).
Another example is social networks that require an analysis with artificial intelligence to evaluate the feelings of all the publications that are made. We have also created a dictionary of thousands of custom words for that lexicon by assigning them a proper sentiment for the cryptocurrency market.
The specific measurement of each module has been developed by our mathematician and is based on statistical and probability concepts such as the types of distribution for each model, the corresponding normalization of each indicator.
Another great difficulty for some modules has been getting consistent and up-to-date data. If you want more information about a particular indicator write me privately.
Very cool CFGI metrics because it has components rather than the buy/sell power alone. It will be better if you can attached the summary of the data that you gather, For instance Social Media metrics, You can sources to the news that makes the statistics fear or greed. You can get data on cryptopanic as they are a good news aggregator. You can apply this example on other components to have a more detailed explanation on the results. Good job! I already bookmarked it. Thank you
Thank you!. For social media we analise all the twitter posts of the currency, but also the 200 most influential profiles in crypto market. Each profile has an associated weight and a weighted average is calculated with the weight of each one. It is just an example for you to understand. I will check cryptopanic to see if we can somehow with the system. We are happy you like it and we give you thanks for the help!
We are a team of 5 people from Spain (1 math profile and 4 IT engineers) who have developed during this year a software to analyze the sentiment of the crypto market. Our index CFGI (crypto fear and greed index) analyzes a large number of variables and data to determine the level of fear or greed that exists in Bitcoin(BTC) or the most popular altcoins and shows a detailed report of the diferent analised parameters.
In what way exactly is your website different from other website that are showing similar Fear and Greed indexes?
I know that many websites are using this information from Alternative.me, and I saw similar chart in lookintobitcoin website that are both showing we are in Extreme Fear zone now for Bitcoin.
In the same time your website is telling us that we are in Neutral territory now.
https://i.ibb.co/phV4JHz/img62e6e2c4cb4a5aeda677f78a64095768.jpghttps://www.lookintobitcoin.com/charts/bitcoin-fear-and-greed-index/Hello!, a big difference is that with CFGI you can choose which cryptocurrency to analyze because our indicator also analyzes altcoins. Another big difference is that you can see different timeframes, which adapts to the needs of each investor. But the main difference is in the analysis that is done. This takes into account more parameters than alternative.me or other simpler indicators (in addition, the measurement of each indicator is shown) so you have a more detailed analysis and a more accurate idea of what is happening in the market.
