A Heikin-Ashi chart is a type of candlestick chart that uses modified price data to provide a clearer picture of trends and reduce noise in price movements. It averages the open, high, low, and close prices from the current and previous periods to create smoother, more visually appealing candlesticks that help traders identify and follow trends more easily.
RENKO.
A Renko chart is a price chart that uses fixed-size "bricks" to represent price movements, disregarding time and focusing solely on price changes. By eliminating smaller price fluctuations, Renko charts highlight significant trends, making it easier for traders to identify and follow trends in the market while reducing the impact of market noise.
This used to determine when the price is trending.
ADX values help identify the trends to trade. The values are also important for distinguishing between trending and non-trending conditions. ADX readings above 25 suggest that the trend is strong enough for trading. Conversely, when ADX is below 25, many will avoid trading.
ADX Value Trend Strength
0-25 Absent or Weak Trend
25-50 Strong Trend
50-75 Very Strong Trend
75-100 Extremely Strong Trend
Crossovers of the -DI and +DI lines can be used to generate trade signals.
If the +DI line crosses above the -DI line and the ADX is above 25, then that is a potential signal to buy.
On the other hand, if the -DI crosses above the +DI, and the ADX is above 25, then that is an opportunity to enter a potential short trade.
When the price breaks out of the upper Bollinger band, its a possible time to sell.
A strategy is that the price tends to always return to the middle of the Bollinger bands
Buy when the price hits or bounces on the lower Bollinger band
Sell when the price hits or bounces on the upper Bollinger band
Good in a sideways or ranging market
When the Bollinger bands 'squeeze' or contract, it means that the market is very quiet, and a big move is coming.
An exponential moving average (EMA) is an average price calculation over a specific time period that puts more weight on the most recent price data,
causing it to react faster to price change.
Use moving averages to help determine price trend & direction. It can also help determine entry and exit points when the lines cross.
This is used to show a trend, and it also tries to forecast potential trend reversals. For example, If the parabolic line is green, you would follow the bullish trend
We also have buy signals when the lines go over and below the current price.
When RSI (Relative Strength Index) is above 70, it means that the market is overbought, and we should look to sell.
When RSI is below 30, it means that the market is oversold, and we should look to buy.
As with any chart, things are less prone to error, when zoomed out to high timeframes
The Hull Moving Average (HMA) is an extremely fast and smooth moving average. The HMA almost eliminates lag and manages to improve smoothing at the same time.
SuperTrend is a trend-following indicator showing a line above or below price. Green line indicates uptrend, red downtrend. To use:
Buy when price crosses above the line (turns green)
Sell when price crosses below (turns red)
Use as stop-loss: Place stop-loss just below the SuperTrend line in uptrends, or above it in downtrends. As the trend continues, the line moves, allowing you to adjust your stop-loss, potentially locking in profits.
Backtest Results
Strategy and Coin Information.
These alerts, when turned on should warn you when to enter or exit a trade.
Get notified of the price of LUSD when it goes above or below a price target.
Price target alerts are an essential tool for cryptocurrency traders and investors. These alerts allow users to set a target price for a specific coin, and receive notifications when the price reaches that level. This feature is particularly useful for those looking to buy or sell a coin at a specific price, or for those who want to stay informed about market movements for a specific coin.
Percentage price change alerts. Get notified of the price of LUSD when it changes in value by a specific percentage over a period of time that you set.
Get notified of the Relative Strength Index (RSI) of LUSD when it changes crosses a certain value. RSI will help you identify whether a coin is overbought or oversold.
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