panocharts

The fragility section: this tells you how likely a sharp move is that sweeps stops. It does not tell you the direction. Only the "Crowded Long" or "Crowded Short" line hints at that. Unlike setup quality, there's no track-record chip here, so nothing shows whether high fragility has actually come before such moves. How the total and the risk label are built: The headline percentage is a weighted sum of four parts: funding 25%, open-interest (OI) expansion 30%, long/short imbalance 20%, and liquidation proximity 25%. Above 70% shows as "High Risk", above 40% as "Medium Risk", and anything else as "Low Risk". As with setup quality, the four bars split the headline number. But here the split ignores the weights. Each bar is its raw value divided by the sum of the raw values, times the total. So a bar's length is not its contribution to the score. What each part measures Funding: the latest funding rate, in either direction, scaled so that 1% per funding period counts as maximum. A normal rate of 0.01% scores 1%, and even an overheated 0.1% scores only 10%. In practice this bar is almost always near zero. The scale is set far too wide to be useful. I'm fixing that as we speak :) OI expansion: how much open interest grew across the last ten 5-minute points, which is about the last 45 minutes. 5% growth scores 5%, a doubling scores 100%, and any fall scores 0. It doesn't depend on the chart's timeframe, so it's a "right now" reading even on a daily chart. L/S imbalance: the share of accounts that are long, taken from the latest 5-minute snapshot. 50% is neutral. 70% long (or 70% short) scores 40%. It counts accounts, not position size, and on altcoins retail accounts lean long most of the time. So a moderate reading is normal. Liq. proximity: how close price is to the nearest liquidation cluster. 0% away scores 100%, 5% away scores 50%, and 10% or more scores 0. It uses the liquidation heatmap cluster when a fresh one exists. Otherwise it falls back to the nearest high or low among the last 50 candles. That fallback includes the current candle's own high and low, so it's almost always within about 1% of price and scores around 90%. In practice this bar is usually high and puts a floor of about 20–25% under the total. The "Crowded Long / Crowded Short" line This line appears only when two things agree. "Crowded Long" needs positive funding and more than 60% of accounts long. "Crowded Short" needs negative funding and less than 40% long. "Crowded Long" means a long squeeze is the risk, so a sharp drop would force longs out. "Crowded Short" means the opposite: a short squeeze and a sharp rise. When the two signals don't agree, the line is hidden. Using it in practice Check which bar is carrying the score. If liquidation proximity is the main contributor and the others are small, the total is mostly that built-in floor, so ignore it. A score in the Medium or High range with a real OI jump or a strong account skew behind it is worth acting on. Use it for risk, not entries. When fragility is high, expect wicks. Use a smaller position or a wider stop. Don't put your stop exactly at the obvious nearby high or low, because that level is what the liquidation-proximity bar is measuring. Combine it with the setup. A range trade is worse when fragility is high, because range trades need price to stay calm. "Crowded Short" during an upside breakout means trapped shorts can add fuel to the move. "Crowded Long" under a long setup means you're joining a crowded side, so be careful. Treat it as short-lived. OI covers about 45 minutes and the long/short figure is a 5-minute snapshot, so re-check right before entering rather than relying on what you saw hours earlier.

So I thought some time ago - since I like sideways action so much, how about creating hints, "plan of action", on the chart? And so I did. On the very bottom, there are options for long and short setup. Are they helpful? Well, human is the ultimate filter here, but it's easier for beginners this way.