DislikedRyuryu, I am receiving data (recent trades) via API from Bybit. And currently I am not connected to any broker.Ignored
If you got data from bybit then you got bybit data yes. If you want to make "full picture" then you have to get data the same way from other exchanges. There are some big ones like FTX, Binance, Bitfinex and others.
But they key here that you don't need it. If you are trading on binance then you must have binance data. There is no need to see average "some" from all over the world.
We are using volume data to determine IF the volume is tradable. Who cares if it is tradable on binance if I'm trading on bybit?
For example on bybit now only LINK is tradable for me (since I'm trading shorts only)
And I don't care what happening on Huobi exchange for example. What this information is for? I have no assets on Huobi. I have assets on bybit and my bots are trading on bybit.
Also. Imagine you have 100$. Then if volume of the asset is 100000$ per minute you can trade it. For example you have rules like that. Also you calculate average volume and then you have "oh, FTX vol is twice more then average". But "average" for FTX and this coin is only 5000$. See?
That's why you have to analyze data from the exchange you are trading at.