TensorCharts is a powerful web-based application designed for cryptocurrency traders who demand deeper market insights. It provides a suite of advanced visualization tools, including orderbook heatmaps and volumetric analysis, to help you make more informed trading decisions.
What Are TensorCharts?
TensorCharts is an advanced charting platform built specifically for crypto markets. Its core philosophy is to let traders "see inside the bars," offering a more granular view of market activity than traditional candlestick charts.
Unlike standard charts, TensorCharts breaks down price action into detailed blocks, each representing a specific price level. These blocks are color-coded based on trading volume, providing immediate visual cues about market sentiment and activity.
How TensorCharts Compares to Traditional Footprint Charts
While inspired by traditional footprint charts, TensorCharts offers distinct advantages:
- Adaptable Zoom Levels: The granularity of information changes based on your zoom level, preventing information overload while maintaining detail when needed.
- Volume-Based Coloring: Price blocks are colored according to traded volume, with exact monetary values appearing when zoomed in closely.
- Crypto-First Design: Originally developed for cryptocurrency markets, it integrates seamlessly with major exchange APIs.
This approach provides precision similar to advanced volume flow indicators, but with more intuitive visualization.
Orderbook Heatmap: Visualizing Market Depth
Understanding Orderbook Heatmaps
TensorCharts' orderbook heatmap is a powerful tool for visualizing market depth in real-time. Here's what it shows:
- Executed Orders: Displayed as green (buy) and red (sell) blocks, representing filled orders that would traditionally appear as candlesticks.
- Limit Orders: Shown in shades of blue and yellow, indicating buy support and sell resistance waiting on either side of the market.
- Customizable Granularity: You can adjust settings to control how detailed the heatmap data appears.
This visualization helps traders identify key support and resistance levels that aren't visible on standard charts.
Identifying Spoofing with Heatmap Analysis
Orderbook heatmaps make it easy to detect spoofing—when traders place large orders they intend to cancel before execution. Traditional charts require constant monitoring of the order book, but TensorCharts records these events even after orders are canceled or filled.
The platform maintains a historical record of order activity, allowing you to:
- Identify fake support and resistance levels
- Track when large orders are pulled before execution
- Analyze market manipulation patterns
Finding Intermittent Support and Resistance
Even without spoofing, the heatmap reveals natural support and resistance levels. You can quickly identify areas with concentrated buying or selling interest, helping you develop more effective trading strategies, especially for short-term timeframes like 5-minute charts.
Comparing Market Structures Across Cryptocurrencies
TensorCharts makes it easy to compare different cryptocurrency markets. For example:
- ETH markets often show many small orders forming gradual resistance levels
- BTC markets frequently display more pronounced differences between large institutional orders and smaller retail trades
These insights help you understand the unique characteristics of each trading pair.
TensorCharts Free Plan: Getting Started
TensorCharts offers a robust free tier that includes:
- Basic functionality with data from major exchanges (Binance, Bitfinex, GDAX, BitStamp, BitMEX)
- 5-minute and 1-hour timeframes
- Orderbook heatmap visualization
- Trades counter
- No account registration required
The free version provides substantial value for traders exploring order flow analysis and volumetric trading techniques.
TensorCharts Premium Plans
For serious traders, TensorCharts offers several paid plans with enhanced features:
Premium Plan ($18/month)
Designed for experienced daytraders who need low latency, full data access, and all advanced features.
Team Plan ($40 for 5 members)
Offers full feature access for trading teams with shared resources and collaborative capabilities.
Algo Trader Plan ($25/month)
Provides unlimited market connections and data export capabilities for algorithmic trading strategies.
All paid plans offer significant upgrades over the free version, including:
- Faster update rates (as low as 0.1 seconds for trades)
- Extended historical data
- Advanced indicators and scripting capabilities
- Priority customer support
- Ad-free experience
👉 Explore advanced charting features
Free Alternatives to TensorCharts
If you're not ready to commit to a paid solution, you can create basic alternatives using free tools:
- TradingView Free: Provides basic charting functionality
- "Poor man's volume profile" indicator: Offers limited volume profile analysis
- Volume flow scripts: Colors candles based on volume changes
While these alternatives provide some similar functionality, they lack the integration, precision, and real-time capabilities of TensorCharts.
TensorCharts Development and Future
Since its initial development, TensorCharts has continuously added new features, including:
- Programmable indicators
- Experimental tools like Counters Ratio
- Enhanced data visualization options
The platform has evolved to offer more market information and trading edge than many popular alternatives, making it a valuable tool for serious cryptocurrency traders.
Frequently Asked Questions
What makes TensorCharts different from traditional charting platforms?
TensorCharts provides deeper market insight through orderbook heatmaps and volumetric analysis. Unlike traditional candlestick charts, it shows trading activity at specific price levels, helping identify genuine support/resistance areas and potential market manipulation.
Can I use TensorCharts for free indefinitely?
Yes, the free plan offers permanent access to basic features including orderbook heatmaps, 5-minute and 1-hour timeframes, and data from major exchanges. This is sufficient for traders exploring volumetric analysis without advanced needs.
How does TensorCharts help detect spoofing?
The platform records order book activity even after orders are canceled or filled. This historical perspective lets you identify patterns where large orders are placed and then withdrawn before execution—a classic spoofing technique that's difficult to spot on traditional charts.
Which exchanges does TensorCharts support?
The platform integrates with major cryptocurrency exchanges including Binance, Bitfinex, GDAX (Coinbase Pro), BitStamp, and BitMEX. Different subscription levels offer varying numbers of simultaneous market connections.
Is TensorCharts suitable for beginner traders?
While powerful, TensorCharts has a steeper learning curve than basic charting platforms. Beginners might start with the free version to learn order flow concepts, but may find the advanced features overwhelming until they develop more trading experience.
How often does TensorCharts update its data?
Update frequency depends on your subscription level. Free users get updates every 10 seconds for charts and 1 second for trades, while premium subscribers receive updates as frequently as 0.8 seconds for charts and 0.1 seconds for trades.
TensorCharts Pricing Comparison
TensorCharts offers competitive pricing compared to other advanced charting platforms. The platform occasionally runs special promotions, particularly during Black Friday events when premium plans may be discounted by up to 50%.
The choice between TensorCharts and alternatives ultimately depends on your specific trading needs, preferred visualization style, and budget considerations.