script051

HOW-TO : analyze the market with script051 indicators

Education
BITSTAMP:BTCUSD   Bitcoin
You can find the indicators with the link below
Indicators

If you are in a 50% loss in the current bearish market, you probably did not choose the right point to enter or you got involved in the wrong hope that the price will return soon.
So what should we do to avoid such losses?
You should be familiar with market cycles
2 cycles that you are probably familiar with:
  • psychology of a market cycle
  • wyckoff price cycle

The problem with the above cycles is that We cannot easily recognize the phases of the cycle
But look at the cycle below

This cycle is exactly like the Wykoff cycle, only the names have been changed.
"Hidden truth" is named because the real price of a share is only in this phase, and if someone wants to invest, it is better to enter in this price phase, but often everyone loses a large percentage of their capital at this phase, and if the price stay in this phase for a long time, they will probably leave position with a large loss.
"Obvious truth" : In this phase, the direction of the price is easily recognized by traders and investors. The price is most likely moving upwards rapidly and the greed is also increasing.
"Hidden lie" : It is the worst point to enter the market. This is a place where big players leave the market, but it seems to you that the price is going to grow, that's why this name was chosen!
"Obvious lie" : This phase is also easily recognizable, but the greed that has formed during the 2 phases does not allow you to leave the market. The market trend has clearly changed, but you are trading against the direction of the market.

For example, the market is now in the "Hidden truth" phase and good point for investment.
The point that I need to mention is that -ONE LOOK is designed for the crypto market, but due to the general correlation of the markets, you can get good results for other markets as well.

You don't need to identify the phases, the -ONE LOOK will do it for you.
-ONE LOOK tells you where you are in the cycle at any moment with the help of 10 different indicators.

If you enter the market at the right point with the help of -ONE LOOK, I promise you that 50% of your problems will be solved.

Also, this indicator has features such as:
1.Heatmap
2.Screener
You can use it according to your needs.

Let's go to the next step !
Well, you were able to recognize the phases of the cycle and entered at the right point.
But the fact is that cycles are formed in long periods of time (I know the fractal structure market :|)
maybe you need to find the trend in "15m" chart.
"-hero" and "-master cycle" will help you here.
Look at the chart below
These indicators are not magic, you can find the trend with moving average or market structure.
With the difference that these indicators remove fakeout for you that might make you think the trend has changed

We talked about cycles and trends.
Another thing that I can boldly say that everyone uses is the key areas of the market.
If you want to enter a trading position, you are usually looking for how the price reacts to the key areas.
we also get help from these areas for exit and stop points, so obviously it is necessary to be able to find them correctly.
Look at the chart below to see how we found the important price areas using indicators and how the price reacted and how we enter the trading position.
With the help of volume profile and high and low points of daily weekly candles and channel bands, we can find suitable signals.

But one of the key points of the market is the round numbers.
Fortunately, we can find these points with the help of the "-auto round level" indicator

But how can we find the signal and test them properly?
First, let's see how to find good market entry with the -master cycle indicator :
You already learned to find the trend with the master cycle.
You can enter the position in 3 situations:
1.When the flow element changes state.
2.When the score element moves against the flow direction.
3.When the spot element appears
You can also find good signals using -Hero
4 parameters are determined for the -hero indicator, by changing them you can get different signals (definitely, the accuracy and efficiency of each signal is different from each other)

And the last indicator allows you to see at a glance what signal -Hero indicator has send for each symbol and at what time.

You can find the indicators with the link below
Indicators

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www.script051.com
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