A crypto scanner is a software or application that allows you to spot activities and track your favorite cryptocurrencies to find movements on trading signals.  This is not only limited to price and volume but also popular trading indicators such as overbuys or oversells (RSI) or moving averages (MACD). 

Most crypto scanners will also have an alerting functionality that will allow you to set which instruments you would like to be alerted on when it hits a certain threshold.

A cryptocurrency market scanner not only allows you to see faster trading opportunities than popular exchanges are able to provide, but it also gives you an opportunity to screen an entire exchange at once.

When you’re using your favorite exchange, or an aggregating website to search for which cryptocurrencies are favorable in terms of growth and price action you can generally only see data that is limited to the changes within 24-hours or 7-days. 

The concern for traders with this method is that the data of a coin that is growing in momentum can be skewed considerably. 

For example, if an instrument is down 24% for that day, but has suddenly gone up 5%, you won’t be able to see that data on a 24-hour change. So how can you get through that problem? The answer is by using a low-timeframe crypto scanner.

Cryptolume, for example, takes the data that exchanges provide via API on price and volume, and chunks this information into smaller timeframes from as low as 5-minutes.

This information is presented in a birdseye view of the market and also provides data on popular trading metrics such as RSI and MACD. There is also order book statistics that shows you the depth of buyers and sellers against each cryptocurrency. 

All exchanges connected to Cryptolume are formatted in the same way.

By having one screen where you can sort data on multiple timeframes, on multiple indicators you are able to see market trends much faster and more efficiently.

With Cryptolume, you can sort through 5-minute, 15-minute, 30-minute, 4-hour, and 24-hour timeframes all on the same page. 

This is also available for other indicators such as RSI, on the same page. By seeing different values and trends on multiple timeframes, you can gauge more accurately where there is more action in price and volume on the cryptocurrency market.

Crypto scanners take the guesswork out of trading and minimize emotionally making one.

They are also beginner-friendly as you can take a lot of time out of charting your cryptocurrency instruments. You are also able to find market entry positions a lot sooner if you’re looking for them.

A cryptocurrency scanner however is not going to make trades or “calls” for you. It is an analytical tool used for educational purposes that are open to interpretation. You are still the one that needs to make the trade, therefore it is still subject to your own advice. 

A cryptocurrency scanner, therefore whilst beginner-friendly tends to suit the experienced trader that knows what type of volume, price and trading indicator activity they are looking for.

If you have looked around enough, you will find that most crypto scanners will start from timeframes as low as 15-minutes. Cryptolume scans for opportunities on timeframes as low as 5-minutes. 

Cryptolume also supports all trading pairs for all of the exchanges connected to us, regardless of the price and volume or the rank of the coin you are trading. We are not biased in what selections are going to be presented. 

This is only possible because of our extensive knowledge in database management which allows us to hold this data efficiently. The accuracy of the data on Cryptolume is also unparallel to competitors as we have come to compare.

Cryptolume also does not shy away from offering refunds to those that aren’t happy and we make this possible through our 48-hour money-back guarantee which you can opt for if it isn’t for you, and we get that.