LocalMonero now supports price formulas! This feature will be especially useful for arbitrage traders, as they will now be able to use data from different markets together in order to set their price


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This one was a long and hard one, but we’re finally releasing it. Price formulas!

What’s that?

You can now write a formula using different variables and functions to craft a price that will suit your needs much better than a simple margin below/above market price. The variables are representative of market data. To access this function, simply select the third price input mode called “price formula” during the ad creation or edit process.

We pull data from the following sources:

  • CoinGecko
  • Bitfinex
  • Bittrex
  • EXMO
  • HitBTC
  • Huobi
  • Kraken
  • Livecoin
  • Poloniex
  • UPBit

All these sources will have all the XMR-related tickers available, in as many quotes (ask, bid, low, high, open, last) as is provided by the source. CoinGecko will also have tickers available for all the other cryptocurrencies that are traded on the site. There are also variables to convert between USD and all other fiat currencies.

Examples

  • 5% over the average XMR/EUR market price: coingeckoxmrusd*usdeur*1.05

  • 5% below the highest among the XMR/USD Bitfinex low price and the XMR/USD Kraken last price: max(bitfinexxmrusdlow,krakenxmrusdlast)*0.95

  • 0.001 BTC over the market XMR/BTC price: coingeckoxmrbtc+0.001