BITCOIN PROFIT APP INDICATORS

HOW THE SIGNALS ARE GENERATED?

If more indicators are selected, they must be related so that a signal is generated. For example, if RSI and MACD are selected, both signals must be PUT to give an indication to the bitcoin profit app to perform a PUT trade. Also, the two signals must be CALL signals for the robot to perform a CALL trade. When the RSI delivers a CALL signal, and MACD generates a PUT signal, the robot will not execute the trade. MACD and RSI are the indicators that give the best signals.

WILLIAMS INDICATOR

Williams Indicator, also referred to as Williams Percent Range (%R), is a momentum indicator which measures the overbought and oversold levels of a financial asset. These levels establish entry and exit points in the market, which in return maximizes a trader’s gains and minimizes their losses. The period in which this indicator is used is 14; being 14 weeks on a weekly chart and 14 hours on an hourly chart.

STOCH INDICATOR

The STOCH indicator, also known as the stochastic oscillator, is yet another momentum indicator, only this one compares the closing price of a currency to it’s range of prices over a certain period of time. The theory behind this technical indicator is that in a market trending upwards, the price will close near the high each day, and for a market trending downwards, the price will close near the low each day. The period of time the STOCH indicator is calculated in is typically 14 days.

TREND INDICATOR

Trend trading is conducted through extensive technical analysis which includes the analysis of both chart patterns and technical indicators. When a trend is indicated, a trader is better able to forecast where the price is likely to move, and by how much it might move. However, determining trends through technical analysis is not the single indicator for future price movements. Things like risk management and trading psychology must be taken into consideration as well.

RSI INDICATOR

The Relative Strength Index (RSI) is an indicator that measures the speed and change of incremental price movements, while also determining when an asset is overbought or indeed oversold. The RSI oscillates between 0 and 100 and is considered overbought when it is higher than 70, and oversold when it is lower than 30. However, in strong trends, the RSI may remain overbought or oversold for long periods of time.

MACD INDICATOR

The Moving Average Convergence Divergence (MACD) Indicator is a top of the line trading indicator used in the technical analysis of various financial instruments. The MACD indicator utilizes both trend following and momentum indicators by showing the relationship between two different price averages. It does this by calculating the longer moving average and subtracting it by the calculated shorter moving average. These moving averages oscillate above and below the zero line resulting in the converging, crossing, and diverging of moving averages.

CCI INDICATOR

The Commodity Channel Index (CCI) is a technical indicator used to spot trend changes in the market. Despite the name, the CCI indicator can be used in multiple markets, not just in commodities. The indicator works by comparing the current price to the average price over a determined period of time. The indicator can be positive or negative as the price fluctuates above or below the zero line. The CCI indicator was initially developed for long term trend changes, but can be used for a variety of time frames including monthly charts, weekly charts, hourly and even minute charts.

GIVE A TRY NOW WITH BITCOIN PROFIT APP

Scroll Up