Diamond Alerts
Diamond Alerts detect potential market reversal points by finding confluence between Spot and Perpetual order books. When both markets simultaneously show strong bid or ask dominance at the same depth level, a Diamond signal fires — indicating aligned institutional positioning across both venues.How It Works
For each candle, the system:- Takes the last order book snapshot from Perpetual (futures) market
- Takes the last order book snapshot from Spot market
- Computes bid/ask dominance at the configured depth band (default: 1-2.5% from price)
- If both markets exceed their respective thresholds → Diamond signal
Signal Types
| Signal | Condition | Marker |
|---|---|---|
| Diamond Long 💎 | Perp bids > 40% AND Spot bids > 70% | Green ◆ below candle |
| Diamond Short 💎 | Perp asks > 40% AND Spot asks > 70% | Red ◆ above candle |
| Double Diamond Long 💎💎 | Both primary AND secondary bands show Long confluence | Larger green ◆ with outline |
| Double Diamond Short 💎💎 | Both primary AND secondary bands show Short confluence | Larger red ◆ with outline |
Default Thresholds
| Parameter | Default | Description |
|---|---|---|
| Perp Bid Threshold | 40% | Minimum bid dominance on futures |
| Spot Bid Threshold | 70% | Minimum bid dominance on spot |
| Perp Ask Threshold | 40% | Minimum ask dominance on futures |
| Spot Ask Threshold | 70% | Minimum ask dominance on spot |
| Primary Band | 1–2.5% | Main depth range for detection |
| Secondary Band | 2.5–5% | Extended range for Double Diamond |
Settings
| Parameter | Default | Description |
|---|---|---|
| Single Diamond | On | Enable single diamond detection |
| Double Diamond | On | Enable double diamond detection |
| Perp/Spot Thresholds | See above | Adjustable per-direction thresholds |
| Primary/Secondary Band | 1-2.5% / 2.5-5% | Depth ranges for analysis |
| Long Color | Green | Diamond marker color for longs |
| Short Color | Red | Diamond marker color for shorts |
| Marker Size | 14 | Size of diamond markers in pixels |
| Marker Opacity | 90% | Transparency of markers |
| Alert Rules | All enabled (trumpet) | Configurable sound alerts per signal type |
Trading Applications
- Reversal entries: Diamond Long at support = strong buy signal with cross-market confirmation
- Confluence filter: use Diamond signals to filter entries from other indicators (RSI Divergence, FVG, etc.)
- Double Diamond = high conviction: when both depth bands agree, the signal is stronger
- Time filtering: works best on 1m-15m timeframes where orderbook data updates frequently
Notes
- Only available on futures charts (
binancef) — the indicator fetches spot data automatically - Both Spot and Perpetual order book snapshots must be available for the same candle
- One diamond per candle maximum (deduplication prevents multiple signals on the same candle)
- Sound alerts support repeat mode — fires on every new diamond, not just the first