One of the most common questions traders ask is how Elxes decides which candles matter and how it assigns scores to market events. Scoring is the backbone of the system. Without it, the feed would be filled with random noise. With it, Elxes can prioritize the most important movements, helping traders focus on signals instead of distractions. This article explains the philosophy, the technical criteria, and the thresholds that define how Elxes scores market activity in real time.
Why scoring is necessary
Crypto markets generate thousands of candles every day across different intervals and pairs. If a scanner simply displayed raw data, it would overwhelm the user. Scoring provides structure. It assigns weight to events, making clear which ones demand attention. A 0.5 percent change on a small altcoin does not deserve the same weight as a 3 percent surge in BTCUSDT. By assigning scores, Elxes filters the noise and presents traders with ranked events.
Core components of the Elxes scoring system
Elxes uses multiple data points to assign a score. These include:
- Delta percentage: The percentage change between open and close of the candle.
- Wick ratio: The length of the wick compared to the candle body, which shows volatility pressure.
- Volume anomaly: Current volume compared to the rolling average of past candles.
- Direction: Whether the move is upward or downward.
- Context: Repeated moves in the same direction increase weight.
Delta and its role
Delta measures the percentage change from open to close. In Elxes, a candle with delta greater than 1.5 percent starts to gain significance. At 3 percent or higher, the score rises sharply. Delta ensures that even if volume is low, a sudden price move still ranks as notable. The greater the delta, the more urgent the alert.
Wick analysis
Wicks represent failed pushes. A long upper wick signals rejection at higher levels, while a long lower wick suggests demand stepping in. Elxes measures wick size relative to body. If wick-to-body ratio exceeds certain thresholds, it boosts the score. For example, a 2x wick ratio signals abnormal volatility, pushing the event higher in ranking.
Volume anomalies
Volume is a core driver of score. Elxes compares current candle volume to a rolling average, usually around 30 minutes. If current volume is 2x the average, the event receives more weight. At 3x or higher, the score jumps significantly. This prevents false positives from thin moves and highlights only genuine activity backed by liquidity.
Combining factors into a score
Each factor contributes to the overall score. A high delta alone might score moderately. Combine it with a strong wick rejection and a 3x volume surge, and the total score rises exponentially. The goal is to highlight events where multiple abnormal factors align. These are the situations most likely to matter for traders.
Tagging system
To make the score more intuitive, Elxes uses tags. UP and DOWN show direction. VOL indicates a strong volume anomaly. When a candle earns multiple tags, the score reflects that combination. Traders instantly see not just the number but the reason behind it.
Example of scoring in action
Suppose BTCUSDT 3m candle closes with 2.8 percent delta, a long lower wick twice the body size, and 2.5x average volume. Elxes assigns high weight to each factor. The combined score marks it as a top-ranked event. Traders viewing the feed will immediately recognize it as a meaningful move worth attention.
Thresholds and customization
By default Elxes uses balanced thresholds to avoid noise. However, thresholds can be adjusted. Conservative traders may want only 4 percent moves with 3x volume. Aggressive scalpers may prefer to see 1.5 percent candles with lighter volume. Customization allows users to align scoring with their risk profile and style.
Why scores matter for decision making
A raw feed of hundreds of events per hour is not actionable. Scores convert data into hierarchy. High-score events appear at the top, drawing immediate attention. Low-score events remain visible but secondary. This prevents decision fatigue and helps traders focus on what is most likely to matter.
Limitations of scoring
While scoring is powerful, it is not a crystal ball. A high score does not guarantee profit. Sometimes large moves reverse instantly. Sometimes volume spikes are traps. Scoring highlights probability, not certainty. Traders must always use context and strategy before acting on an alert.
Future improvements in scoring
Elxes continues to refine scoring by integrating more context, such as order book depth, funding rate changes, and cross-market signals. Machine learning models may enhance the weighting of factors over time. The goal is to continuously reduce false positives while keeping the system simple enough for all levels of traders to understand.
Conclusion
The Elxes scoring system is designed to make sense of chaotic markets. By combining delta, wick, and volume anomalies into a unified score, it transforms raw data into actionable insight. Traders gain clarity, speed, and focus. Scores do not replace judgment but amplify it. By understanding how scores are calculated and what they represent, traders can use Elxes not just as a scanner but as a decision support tool that makes the volatility of crypto markets manageable.