HLOS
977 posts

HLOS
@__HLOS
An Operating System on HyperEVM.




Hype Volatility Index If you ever wonder what's behind a huge move down or up and want to see how volatile it was in real-time, it's here. Our HIP-3 Equities and Commodities Vol Indexes are spot on showing very high periods of volatility during big news events and headlines, so now we are adding a Hype Index. It'll be interesting to see what happens at random times when there aren't any headlines or news events, especially because this is data PURELY from the HL Exchange. Volatility can be described in many ways, but ultimately it comes down to 'how much' is being sold/bought, 'at what rate' and is it persistent? To track this we take a snapshot of the OI, Funding Rate and Funding Premium. Then every 60 seconds it determines the change from the previous snapshot for all 3 to create an Index value against how volatile the move was. For example, if massive buys/sells occur the index will tell you if its persistent over 'X' time or was it just a whale or two offloading a position. The charts are in 30m candles but the fetch is every 60 seconds, so every 60 seconds you will see a new index value. So if OI went from 100k to 90k and stops you can see that in the value as the value won't continue moving up but stabilize and move lower. But if OI went from 100k to 90k and some panic selling continued to 70k and it continues you will see this rise in the chart as well. Since Equities and Commodities are a 'basket' of tickers, we created a OI-Weight to make bigger markets count more and Hype being just one ticker this weight is removed for this Index. It is now open sourced.












