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These signals are based on trend indicators and months of tweaking for the signal with the best possible ratio of keeping you in the trend longer and giving you signals sooner. As you know, with increased sensitivity, you get more false signals, and with reduced, you need to wait a long time for your entries.
If you are using NoBrainer, we recommend using Heikin-Ashi candles, but NoBrainerPro perfectly works on standard candles.
NoBrainer candles show volume compared to the 21 candles moving average. The brightest ones are above average, dimmed ones are average, and the empty ones are below average.
They can help you see how much a candle is volume-wise supported. You should turn off the body, borders, and wick in the chart settings to use them.
You can do this in Settings > Symbol
Yellow candles are the most critical signal in the chart.
Market manipulation or the stop-hunting strategy attempts to force some market participants out of their positions by driving the price to a level where many individuals have chosen to set stop/loss orders. The triggering of many stop losses at once typically creates high volatility.
NoBrainer detects that kind of market behavior.
So you never fall into that trap again.
Divergence is a disagreement between indicators and it most often results in a trend change.
Bullish and bearish colored triangles show divergence between price and strength.
They are positioned above/under the candles and they are an early warning for a potential move in the triangle direction. They are determined by the color and the position. Color is showing if they are bullish or bearish, position is showing if they are regular or hidden.
An order block is an area where buyers or sellers of smart money enter the market & move the price away from its price level to a new area of interest.Yellow arrows appear when the order block is detected.Arrows are in opposite directions since this signal can take you both ways. Here, you should pay attention. Will the current trend continue stronger or change direction?This signal is followed by substantial volume.
The volume profile indicator is an essential tool for day traders because it helps identify price zones that are being accepted and rejected. It can also help you determine important support and resistance zones. It can be used in any time frame and applies to any asset. There are several different volume profile tools, but the one we used shows you price zones based on the candles you have shown on the screen. Candles have two colors that show you how the ratio of buy and sell volume on every candle.
NoBrainWaves is the second part of the indicator.
It consists of two parts: a ribbon and a histogram.
Ribbon represents the difference between two momentum waves and visualizes trend strength and trend exhaustion.
Histogram is showing the buying/selling pressure.
Basically, this shows the speed of the trend change.
On the NoBrainWaves, dots indicate points where the ribbon is inverting, which means the current trend lost its power, and we can expect a reversal. The dots are bigger in overbought and oversold areas and carry much more weight. But attention should also be paid to thin white lines since they often show support and resistance, and the ribbon often inverts on these lines.
Crypto has been my passion for years now. I was lucky to get on board "early."
I was reading, watching, listening, trying... I learned, and I earned.
But I also crashed. Many times.
HARD!
Now I'd like to help you "catch up" and help you continue learning and earning on your own.
WITHOUT CRASHING!
I sat down, put myself in the position of a newborn trader, and asked myself: "What is important on this chart?"
And here it is...
Made for us.
To share with you.
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