CLMM Position Parameters

A rundown on possible strategies you can execute on CLMMs via Hawksight!

Rebalance Rules

Your position can be rebalanced based on different triggers that can be dependent on your objectives or chosen conditions

Rebalance Rules	Trigger Definiton
Out of the Money (OOM)	Positions will be rebalanced if they are seen to be out of range at time of checking.
Periodic	Positions will be rebalanced if the existing position is equal or older than the chosen number of periods.
Simple Moving Average Crossover (SMAC)	Positions will be rebalanced if the short-term simple moving average relative price of the tokens intersect with the long-term simple moving average relative price line.
Exponential Moving Average Crossover (EMAC)	Positions will be rebalanced if the short-term exponential moving average relative price of the tokens intersect with the long-term exponential moving average relative price line.

Position Widths

You can specify the width of your positions after they've been rebalanced with the following options:

Width Bias	Definition
Symmetric	Rebalanced Positions will have an equal distance from the effective price at time of rebalancing. Useful for periods when paired tokens have stable prices.
Asymmetric	Rebalanced Positions will have an unequal distance from the effective price at time of rebalancing. Useful where there is an expected price movement in one of the paired tokens.

Width Magnitude	Definition
Absolute Width	The absolute width refers to the absolute difference from the effective price at time of rebalancing. An example using the BONK/SOL pair: Effective Price = 10 BONK per SOL Chosen Width = 2 BONK per SOL Symmetric Width = 8 to 12 BONK per SOL
Price Ticks	Ticks are how the effective price between tokens within a pool are expressed, tick sizes may differ from pool to pool. An example using the SOL/MSOL pair: Effective Price = 1.12 SOL/MSOL Pool Tick Size = .01 SOL/MSOL Chosen # of Ticks = 4 Symmetric Width = 1.08 to 1.16 SOL/MSOL
% of Price	This refers to the difference from the effective price denominated by a % of the price at time of rebalancing. An example using the BONK/SOL pair: Effective Price = 10 BONK per SOL Chosen Width = 40% Symmetric Width = 6 to 14 BONK per SOL
Average True Range (ATR)	Average True Range is a technical indicator that approximates the volatility of the assets in the pool with respect to each other. It is a metric that takes the moving average of price highs and lows for the past 14 days. Asymmetric and symmetric options are not available for this width. :)