Correlation Monitor
The Correlation Monitor lets you watch the same microstructure metrics across multiple products side-by-side. It is useful for observing relative momentum, cross-market divergence, and coordinated moves before they show up in price.
What It Shows
Ten metrics are tracked per product in a live tabular view:
| Metric | Description |
|---|---|
| Volume Imbalance | Net buy minus sell volume in the current window |
| LOB Imbalance | (bid_qty − ask_qty) / total — range [−1, +1] |
| Volume Rate | Trade volume per second |
| Tick Rate | Number of trades per second |
| Hawkes (All) | Overall trade-arrival intensity |
| Hawkes (Ask) | Ask-lift (buyer-initiated) intensity |
| Hawkes (Bid) | Bid-hit (seller-initiated) intensity |
| Arrival Ratio | (Hawkes_ask − Hawkes_bid) / (Hawkes_ask + Hawkes_bid) |
| OOR High | Out-of-range high — current price vs. rolling high for the window |
| OOR Low | Out-of-range low — current price vs. rolling low for the window |
A bar chart snapshot of current values appears alongside the table for at-a-glance comparison.
Free vs. Professional
| Capability | Free | Professional+ |
|---|---|---|
| Simultaneous products | 2 | Unlimited |
| Metrics table | ✓ | ✓ |
| Bar chart snapshot | ✓ | ✓ |
| Rolling time-series chart | — | ✓ |
| Alert configuration | — | ✓ |
Rolling Time-Series Chart (Professional+)
Professional unlocks a rolling history chart per metric. You can see how each signal has evolved over the selected lookback window, not just its current value. This is particularly useful for watching Hawkes intensity ramp before a move or LOB imbalance flip sides.
Alert Configuration (Professional+)
Alerts fire when a set of conditions are met across selected products simultaneously.
Defining a condition:
- Select a metric (e.g. Volume Imbalance)
- Set a threshold (e.g. above
0.4) - Set a product scope — All selected products, or ≥ K of them (e.g. at least 3 of 5)
- Combine multiple clauses with AND logic for more selective conditions
Cooldown: Set a cooldown period to prevent the alert from re-firing during a sustained condition. Once the condition clears and the cooldown expires, the alert is eligible to fire again.
Delivery: In-app notification banner and browser push notification (requires one-time permission grant). Alert history shows the last five fires per alert with timestamp and triggered value.
Use Cases
Cross-market divergence: Add BTC and ETH. When ETH LOB imbalance spikes while BTC remains flat, that divergence may resolve — the Correlation Monitor surfaces it before it appears in price.
Coordinated momentum: Watch Hawkes arrival ratio across multiple perps. When the ratio shifts in the same direction across all of them simultaneously, it often precedes a sector-wide move.
Rolling range breakout: The OOR High and OOR Low metrics show when a product is pressing against the high or low of its recent range. Watching multiple products at once makes it easier to see which is leading.