Heat — how much, never which way

What the tape is doing

What the columns mean

• RVOL — the last 4 closed hours against the same 4 clock-hours averaged over 14 days. Same-clock is the whole point: it kills the false alarms you get every Asia and US open. 1.0× is normal, 2× is worth a look, 3×+ is rare.
• Taker buy — the share of that volume that hit the ask instead of resting on the bid. Volume tells you how much, this tells you who. Read it against the coin, not against 50%. Perp order flow sits near balanced almost all the time — a whole 250-pair board typically fits inside 48–52% — so the reads compare this block against the same coin’s own last ~3 weeks. 52% is unremarkable on one coin and the most one-sided tape of its last three weeks on another. Only Binance publishes this. On Bybit, OKX, KuCoin and MEXC the column reads n/a and the three reads built on it — Ignition, Dump, Distribution — are switched off rather than guessed. Coiling still works everywhere.
• OI Δ4h — how much money is in perp positions vs 4h ago. Up with price = new longs. Up with flat price = crowding without conviction. Down = closing out, so the move is exhaustion, not initiation.
• Funding — what perp holders are paying to stay in, shown per 8h so venues that settle every hour or every 4h line up. Positive means longs are paying, so longs are crowded. Extremes are where squeezes come from.
• Px Δ4h — what price did over the same 4 closed hours the volume reads use.
• Next 4h · typical — how far this coin usually moves in 4 hours, scaled by its heat. ±3.2% means a move of about that size either way is normal for the next few hours — not a target, and not a direction. The heat comes from the score: mostly RVOL on a log scale, plus how unusual the taker split is for that coin and how sharp the last hour was. The six volume windows are in the row drilldown.

How to use it

1. Sweep, then start with HOT and WARM rows — that is where the next few hours are likely to be busy. Use the read filter to narrow by what the tape is doing.
2. Click a row. The six window tiles show the shape of the move — hot 1h with flat 3d is fresh, all six green is extended.
3. Volume Pulse gives no entry, stop or target on purpose. It hands you a shortlist. Take the symbol to S/R, FVG, Harmonics or Divergence for the actual levels.
4. Re-sweep often. Past ~15 minutes the stamp turns amber and the table dims — volume moves faster than price.

What the reads mean

What the columns mean

• Range %ile — how wide the last six bars are compared with its own last 200 bars (fewer for new listings, flagged NEW). 4th means only 4% of the lookback was ever this quiet. Each coin is measured against itself, so a slow blue chip and a violent memecoin can sit in the same table honestly.
• ATR %ile — the same idea on average true range, which counts gaps and wicks the six-bar box misses. When both columns are low the squeeze is real; when they disagree, one bar is doing the work.
• Bars coiled — how many bars in a row have been narrower than its typical bar. Longer is not automatically better, but a one-bar coil is noise and a twenty-bar coil is a long, unusual quiet stretch.
• Width — the six-bar range as a plain percentage of price, so you can size a stop before opening the chart.
• Lean — where price sits inside its own box. Up means it is pressing the top. That is a bias, not a direction call.
• Vol drift — volume over the coil against the six bars before it. Falling volume into a squeeze is the classic shape; rising volume inside a tight range usually means someone is accumulating.
• Coil — the ranking number, not a grade. Mostly the two percentiles, with smaller weights for how long the run has lasted and whether volume is drying up, and a penalty when the two percentiles disagree. A high score on a coin you would never trade is still a coin you would never trade.

How to use it

1. Coil tells you where, never which way. Anyone selling you a direction off a squeeze is guessing.
2. Take the shortlist to S/R breaks or FVG for the level, and set the alert there. Coil is the filter, not the trade.
3. Cross it with Volume Pulse. Coiled plus a volume surge is the pair worth a closer look; either one alone is half a story.
4. Sweep the 4h first. 1h coils resolve in hours and mostly into noise; 1d coils are rarer.

What the reads mean

What the columns mean

• RS 24b — the change in the coin-to-benchmark price ratio over the last 24 bars. Coin +50% and benchmark +30% reads +15.4% (1.50 ÷ 1.30), not +20. Positive means it gained on the benchmark, whether both went up or both went down.
• RS mom — the same measure over the last 6 bars. This is the rate, and it is what separates a leader still climbing from one rolling over. Like RS str it is scored against the coin's own usual swing before the read is set, so a placid blue chip and a violent memecoin are judged on the same terms.
• RS str — the level, on a 0–100 dial. 50 is matching the benchmark exactly. It is the 60-bar lead scored against how much this coin's 60-bar lead usually swings — slow on purpose, so one loud bar cannot flip the level. 70 means the same thing on a blue chip as on a memecoin — and the same thing today as last week. An absolute number, not a rank inside this table.
• Streak — consecutive bars it has gained on the benchmark. One is noise; a long run is a trend in the flow, not just in the price.
• RS high — how long since the ratio was last this high. new means it has never been stronger inside the lookback.
• Own 24b — what the coin actually did in dollars over the same window. Read it next to RS 24b every time: green there and red here is outperformance by falling less.
• Rot — the ranking number, not a grade. Mostly momentum and level, with smaller weights for streak length and actual dollar return, and a penalty when the 6-bar and 24-bar readings point opposite ways.

How to use it

1. Filter to Leading or Improving to see where money is moving against the benchmark right now. It is a snapshot of the flow, not a call on what comes next.
2. Check the benchmark regime bar above the table before you read a single row. If the benchmark is down 6%, half this table is "winning" by losing more slowly — those rows carry a TRAP tag.
3. Cross it with Coil. Rotating in and compressed is a pairing worth a look — flow arriving into a coin that has not moved yet.
4. Take the shortlist to a feeder scanner for the level. Rotation gives you no entry, stop or target.
5. Switch the benchmark. Against BTC you are asking "is this beating crypto". Against the Top-50 basket you are asking "is this beating alts", which is a different and often more useful question.
6. Treat NEW rows carefully. They have under 200 bars of history, so the measurement runs on a shorter window. A coin that has only ever gone up since listing has no weak period to be measured against.

What the reads mean

What the columns mean

• Funding — what one side is paying the other, shown per 8h. Positive means longs are paying shorts. Around 0.01% is the designed neutral; coins that settle every 4h or 1h are scaled to 8h so that one neutral applies to all of them.
• F str — that same funding on a 0–100 dial: how far it sits from the 0.01% neutral, compressed so extreme prints stay on the scale. 50 is no pressure. Absolute, so the same number means the same pressure on every coin. The read itself weighs funding 70% on that distance and 30% against the coin’s own funding history.
• OI — how much open interest changed over the window. Rising means positions are being opened; falling means they are being closed. It is one half of the read, and on its own it says nothing about which side is crowded.
• OI bld — the same change measured in this coin’s own sigma. A 5% jump is enormous on a placid major and a Tuesday on a memecoin; this column judges both on the same terms, and it is what the read is gated on.
• Px — what price did over the same window. Not part of the read. Read it against the funding sign: funding positive with price falling means the longs paying to be there are losing, and that is what earns the SQUEEZE tag.
• Held — how many hours the current read has been true without interruption. One hour is noise; a long run means the book has been building the same way all day.
• Score — the ranking number, not a grade. Mostly funding pressure and open-interest build, plus a quarter of the weight for how far offside the crowded side is, and a little for the size of the move.

How to use it

1. Read the board line first, above the table. If 80% of the book is paying to be long, a CROWDED LONG row is describing the market, not the coin.
2. Filter to Loading to see where positions are building quietly. Crowded rows tell you what has already happened.
3. Then look for SQUEEZE. Crowded means a side is paying. Squeeze means that side is also losing. Only the second one is a book under pressure.
4. Crowded is context, not a signal. A crowded side can be forced to exit, but tracked so far crowded coins have mostly just moved more than usual — not reliably against the crowd.
5. Cross it with Coil. Compressed and loading is a pairing worth a look: leverage stacking into a price that has not moved yet.
6. Take the shortlist to a feeder scanner for the level. Squeeze Pulse gives you no entry, stop or target.
7. Treat NEW rows carefully. Short open-interest or funding history means the normalisation has few samples, and a coin that has only ever been crowded has no calm period to be measured against.