ZenAlgo - MoniThor
MoniThor compares open interest and volume across up to nine selected markets. It is designed for scanning: instead of opening many charts, you can quickly see where positioning or participation is unusually strong.
How to read it
Each market has an open-interest Z-score and a volume Z-score. A value near zero is close to that market's recent average. Positive values are above average; negative values are below average. The +1.2 and -1.2 references help identify readings that deserve attention.
Open interest describes changes in active derivative positions. Volume describes participation. Rising OI with strong volume often supports a developing move; rising OI without volume deserves more caution. Falling OI can indicate positions being closed rather than new conviction entering.
Lines and table
| Visual | Meaning |
|---|---|
| OI lines 1-9 | Normalized open-interest condition for each selected ticker |
| VOL lines 1-9 | Normalized volume condition, vertically shifted for easier comparison |
| Zero references | Recent-average baseline for OI and volume |
| ±1.2 levels | First notable positive or negative deviation |
| Dashboard table | Current state of the configured markets |
Always match a line to its ticker through the legend and table. Z-scores make markets comparable, but they do not mean that all markets have equal liquidity or data quality.
Alerts
MoniThor currently has no built-in alert conditions. Its lines, thresholds, and table are intended for live scanning. Use it to choose which market needs closer analysis, then place alerts on that market's price chart or in a more specialized indicator.