Optimize crypto trading strategies with DPP News & Sentiment, powered by Mediatoolkit

Use news and sentiment streams to create custom signals and enhance trading strategies in DataStreams and Trader+

We have been working closely with Mediatoolkit since 2018 and today we are pleased to announce our official partnership. Mediatoolkit provides state-of-the-art software behind our News & Sentiment feature. News and Sentiment data can be accessed through the Market Overview page and is an integral part of our services, including DataStreams and Trader+.

Mediatoolkit is a media monitoring & analytics tool that gathers information from millions of internet sources and notifies you in real time when someone mentions your brand, company, or competitors. For more on Mediatoolkit, check out this blog on how their software is integrated to influence create smarter business decisions — our News & Sentiment feature is just one of many.

News & Sentiment

Thanks to the power of Mediatoolkit, our News & Sentiment data streams offers additional input options for making timely trading decisions based on the latest news and sentiment feedback — adding a further decision layer to your algorithmic trading strategies. Sentiment detection of a mention is based on mention’s text. There are 2 different algorithms, one is word-based scoring and the second one utilizes a machine learning model trained on a predetermined corpus of known sentiment. The calculation of the overall sentiment is a composition of the two methods listed above.

With access to 198 media outlets and 100 digital assets, DataStreams and Trader+ users can utilize News & Sentiment to find unique correlations between news, sentiment, and price movements. Users can also customize news feeds to pull data and sentiment using additional media outlets, social media platforms, and keywords.

We’re extremely pleased with the results produced by News & Sentiment. As a recent example, we pulled some comparisons from our Market Overview page, showing price versus sentiment for ETH/USD, BTC/USD, ETH/BTC, and XRP/USD (pictured below). To create a custom News & Sentiment feed, contact us at contact@dapowerplay.com and our team can help get you set-up!