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Re: What is this percentage relative to?
by
JeromeTash
on 30/07/2021, 20:21:31 UTC
⭐ Merited by noorman0 (1)
I tried different time frames to see if it's from the last candle close, that's not it. It's not from the highest price in the date rage the chart is displayed either. So what is it?

-snip-

The price movement percentage is reset to 0% at the closing price (last close candle) every 24 hours (I don't know the exact time) and it applies globally. In my timezone, the percentage reset happens around 8 a.m.

cmiiw Grin
[/quote]

It's the percentage price change in the last 24 hours, so changing time frames of the chart won't affect it. The percentage is dynamic every second or minute that passes by. I hope you get it

So the time frame will be like percentage of price change from closing price on candlestick on Monday 23:09:10 to closing price on candlestick on Tuesday 23:09:09, if one second moves, then it will be percentage price change from closing price on candlestick on Monday 23:09:11 to closing price on candlestick on Tuesday 23:09:10

Unlike stocks and other markets, crypto markets don't close and open at specific periods so the update is continues