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COIN TRADES Q.

5 min · DYOR Education
FreeCOIN · Trades
Goal

Break down COIN TRADES Q. — the number of trades instead of money.

COIN TRADES Q. on BTC/USDT: number of buys minus number of sells per bar, as a count
COIN TRADES Q. on BTC/USDT: number of buys minus number of sells per bar, as a count
What it shows

Number of market buys minus number of market sells per bar. As a count, not money.

  • Bar up — there were more buy trades. Down — more sell trades.

This is the pair to COIN TRADES. There it is money, here it is the number of trades behind that money. One $10M trade and a thousand $10K trades give the same volume but a different count.

bar A: one $10M tradebar B: a thousand $10K tradessame volumecount — 1000 times higher
COIN TRADES sees the same thing, COIN TRADES Q. sees a difference.
What it's for

See when a large volume went through a small number of trades. Same money, different number of trades.

For example.

  • COIN TRADES = +10M, TRADES Q. = +3. A $10M buy went through in three trades. This is definitely one large player: a crowd doesn't do $10M in three trades.
  • COIN TRADES = +10M, TRADES Q. = +2000. Two thousand buys. Who it is can't be proven: a crowd or one large player splitting volume into small trades. The number of trades confirms nothing here.
Where to find it
Indicators›COIN›Trades›COIN TRADES Q.
Settings
FieldOptionsDefaultWhat it changes
BTC PairsALL
USDT ONLY		ALLWorks only on Binance and only on BTC.
ALL — sum of three pairs: BTCUSDT + BTCUSDC + BTCFDUSD.
USDT ONLY — only the BTCUSDT pair.

For other Binance coins the data is always for the USDT pair; the parameter changes nothing.
No effect on Coinbase and Hyperliquid: there bitcoin has one pair — BTC/USD and BTC/USDC.
- Want all Binance bitcoin — ALL.
- Want to compare with a source that counts only BTCUSDT — USDT ONLY.
ExchangeChart
Binance
Coinbase
Hyperliquid		ChartWhich exchange to take data from:
Chart — the same one as the chart.
Binance — spot and futures, USDT pairs.
Coinbase — spot only, USD pairs.
Hyperliquid — perpetual futures only, USDC pairs.

Coinbase and Hyperliquid are available on paid plans (“Exchanges” screen).
They have candles, trades and the order book.
Derivatives, liquidations and loans show “no data” for them.
- Want to compare one coin across exchanges — add the indicator several times and pick a different exchange in each.
In alerts

Metric COIN TRADES Q.. Condition fields:

CoinMarket TypeBTC pairsTimeframeBuy/Sell

Market Type is SPOT only. “BTC pairs” appears only when the coin is BTC.

Try it yourself
  1. Next to COIN TRADES, turn on COIN TRADES Q.
  2. Find a bar where the money is big but the trades are few.
What you should get. A large volume in a small number of trades is the only undeniable trace of a large player.
Takeaway

TRADES Q. = number of buys minus number of sells per bar, as a count. This is the pair to COIN TRADES. One large trade and a thousand small ones give the same volume. TRADES shows the money, TRADES Q. shows how many trades are behind it.

Quick check

A COIN TRADES Q. bar = +500 means…

Show answer

Correct answer: During the bar there were 500 more buy trades than sell trades

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