Upbit Data Lab Launches Composite Technical Indicator to Gauge Crypto Market Conditions

Upbit Data Lab, the digital-asset data platform operated by Dunamu, has launched a new composite technical indicator designed to give users an intuitive view of market conditions.

Dunamu said on May 29 that it added the new gauge to Upbit Data Lab to provide a comprehensive snapshot of the digital-asset market. The indicator combines complex technical-analysis data into a single score, making it easier to identify whether the market is overheated or depressed.

The measure reflects 10 core technical indicators used in traditional financial markets, including the Relative Strength Index, Bollinger Bands, stochastic indicators and moving-average divergence. Upbit Data Lab said it standardized technical signals that can point in different directions into a single 0-to-100 scoring system to reduce confusion in investment decisions.

A score closer to 0 indicates a market slump in oversold territory, while a score closer to 100 signals an overheated market in overbought territory. The indicator is calculated based on all assets supported for trading on Upbit rather than any single token.

Dunamu said using the tool alongside its existing Fear and Greed Index could provide a more multidimensional analysis of market sentiment and price trends.

"We standardized professional-grade analytical tools by combining them with Upbit's composite index in a format that anyone can easily understand," Kim Dae-hyun, chief data officer at Dunamu, said. He added that the company hopes the indicator will help investors interpret market trends more objectively and from multiple angles.