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. Enter only after Breakout of the upper line. If the bottom line was broken, skip the pattern.
Gray pattern
If the pattern has TWO or more equal highs than it is an Ascending Triangle and the upward movement is expected after the upper line breakout. If the bottom line was broken skip the pattern!
P.S if the pattern is mirrored and has a TWO or more equal lows than its a Descending Triangle and the downward movement expected after a bottom line breakdown
Red pattern
Means a large potential for a dump of the price. Enter only after Breakdown of the bottom line. If the upper line was broken, skip the pattern.
Breakout
Breakout of the trend line, which the indicator has previously tracked and filtered. Enter only after a Break candle close. Upward Signal
Does not work for all assets. Works only for the 1 Day timeframe, and these assets: 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. Enter only after a Break candle close. Downward signal
Does not work for all assets. Works only for the 1 Day timeframe, and these assets: 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 dump. Enter only after the "Signal" candle is closed 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). Enter only after the "Signal" candle is closed
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.