Market Map
Usage of the Indicator
1) Adding an indicator:
Open a chart on the service Tradingview.com, then go to "Indicators" - section "Invite-only Scripts". Then select our indicator "Market Map PRO".
2) Using the indicator:
Use the 4h, 6h, 12h, 1 DAY timeframes and higher. This is important because the indicator should only provide you with quality data.
3) TA Pattern signal
Signal function: search for technical analysis patterns with filtering (rising and falling wedge, triangles).
Green pattern
means a high probability of growth of the asset when exiting the wedge.
Gray pattern
means that according to Tech Analysis theory such pattern should work upwards, but it will not happen due to the lack of a necessary situation in the market.
Red pattern
means a large potential for a fall when exiting the pattern.
Breakout
Breakout of the trend line, which the indicator has previously tracked and filtered.
Does not work for all assets and for the 1 Day timeframe, list: BTC, DYDX, OP, 1INCH, AAVE, ZIL, DASH, CRO, LRC, MKR, CHZ, ZEC, SNX, BAT, IMX, HBAR, FTM, TWT, RNRD, CSPR, ETH, ONE, DOT, ENJ, INJ, MANA, VET, KLAY, FXC, MINA, CRB, ALGO, SAND, XTZ, AGIX, LUNC, BNB, ADA
Breakdown
Breakdown of the trend line, which the indicator has previously tracked and filtered.
Does not work for all assets and for the 1 Day timeframe, list: BTC, DYDX, OP, 1INCH, AAVE, ZIL, DASH, CRO, LRC, MKR, CHZ, ZEC, SNX, BAT, IMX, HBAR, FTM, TWT, RNRD, CSPR, ETH, ONE, DOT, ENJ, INJ, MANA, VET, KLAY, FXC, MINA, CRB, ALGO, SAND, XTZ, AGIX, LUNC, BNB, ADA
4) Buyer/Seller Trace
If the “Buyer” is more probable price will rise if market conditions are conducive. If a "seller," a greater probability of a price drop.
Available on timeframe 1 Day and higher!
5) Reaction Signal
Signal function: search for entry points by level breakdown criteria and Smart Money concept (with filtering)
6) Shock signal
Signal function: search for a local market reversal signal
7) Info-Candle
If green appears on the candlestick - overbought. If red - oversold. Remember, for example, if the price is overbought it means a large amount of active purchases and it does not mean that it should immediately go down. Evaluate everything based on market conditions at a particular moment.