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Indicators
Our indicators are crafted with expertise, common sense, and logic. The design of our tools and packages prioritizes ease of understanding and use. With dedication and persistence, mastering the indicators is easily achievable.
- Core: Includes both algoat SMC and algoat ProKit indicators.
- Pro: Builds upon the Core package, offering access to algoat SMC, ProKit, Profiler, and Flux indicators.
- Ultimate: Ideal for serious traders, it encompasses everything from the Core and Pro packages, along with the advanced algoat Bricks indicator for rapid in-depth asset screening, and the compound ML Backtest Visual to optimize trading strategies.
Our indicator packages are crafted to empower traders right from the start. The response to this question also varies based on your experience as a trader and your preferred trading style.
- The Core package offers essential trading tools, such as SMC trading tools, key levels, divergence signals, and more.
- Upgrading to the Pro plan provides traders with a complete toolkit, encompassing essential features such as asset profiling, thorough delta volume analysis, and oscillator confluence.
- The Ultimate plan integrates the entire ecosystem seamlessly. The ML Backtest Visual enables you to set alerts on any condition from the previous packages and allows you to combine them in any desired manner. Additionally, the Bricks indicator serves as a comprehensive screener on your chart.
The SMC indicator is the cornerstone of the algoat ecosystem, providing a wide array of functionalities essential for successful trading. It embodies the Smart Money Concept, offering insights such as internal, swing, and high-timeframe market structures, along with indications of inducement and detection of hidden manipulation attempts. Additionally, it highlights institutional interest zones and alerts users to market price imbalances. All powered by the algoat SMC Core™ algorithm.
Unveil hidden market dynamics and capitalize on opportunities with algoat ProKit! Packed with powerful features such as multi-timeframe moving averages and divergence fusion engine, it empowers you to cut through the noise and identify trends, foresee potential reversals and reveal previous OHLC data. All powered by the algoat TMC™ algorithm.
The algoat Profiler simplifies market analysis. Its central component is the intuitive, user-friendly Profiler dashboard, which presents crucial market summary in real-time. Moreover you can delve deeper into asset analysis using features like the Deep Delta Volume Profile, Market Sessions, and chart visualization based on built-in algorithmic conditions.
The algoat Flux indicator provides a unique approach to analyzing price fluctuations, offering double confirmation for trading decisions. By integrating adaptive bands into your chosen indicators, it becomes highly responsive to the specific market behavior of the analyzed asset. This responsiveness enhances the extraction of much more accurate information from the chart, thereby aiding in improving your trading decisions.
By deploying algoat Bricks into your arsenal you have the opportunity to craft a personalized dashboard brick-by-brick, like a mosaic, unveiling a complete view of your asset performance, revealing hidden correlations between assets, and providing general overview of market dynamics.
ML Backtest Visual is an innovative strategy builder framework, offering a unique opportunity for traders to design their own personalized trading strategies. The indicator provides users with the ability to create and adjust strategies to their liking. In fact, there are millions of different strategy outputs available for each ticker.
Currently, the algoat ecosystem is exclusively compatible with the TradingView platform. TradingView is a leading web-based platform for traders, boasting millions of users with its powerful charting tools and social networking features.
- Visit the TradingView website.
- Click on the “Join for Free” button located in the top right corner of the page.
- Sign up using your email address or social media account (Google, Facebook, etc.).
- Alternatively you can follow our Quickstart with Tradingview guide.
Yes, TradingView offers a free plan that allows users to explore the platform and access basic charting functionalities. With the free plan, you can use up to two indicators simultaneously, which means you can utilize algoat indicators without needing to pay for TradingView.
- After registering and logging in to TradingView, open the chart view.
- Click “Indicators” from the top menu bar.
- Type algoat in the search bar at the top of the pop-up window.
- Algoat indicators will appear in the list below for you to select and apply to your chart.
TradingView does not specify hardware requirements, but generally recommends a stable internet connection and a mid-range computer capable of typical browsing tasks. However, for smoother performance, especially with complex indicators and multiple charts, a more powerful computer is advisable.
The indicators are highly flexible and can operate on any chart timeframe you choose!
Script sensitivity allows you to fine-tune indicators for either shorter-term (scalping) or longer-term (swing) trading styles. This setting tailors the indicators to align with your preferred trading approach across any timeframe.
Within the settings panel of any Algoat indicator, you’ll notice a small circle with an “i” next to each option. Hover your mouse over the circle, and a brief explanation will appear, providing guidance on how to use the parameter effectively.
Our team consists of experienced traders, technical analysts, data engineers, data scientists, full-stack developers, marketing experts and supportive community members.
Discord
The answer is very simple. The algoat Community Discord server has all the information you need, not to mention the benefits and opportunities offered by the algoat Community. Everything from indicators, strategies, through TradingView access and support to community chat – we’ve got you covered!
If you can’t find the information you need on the algoat Community Discord server, our dedicated support team is always happy to help! Before reaching out, make sure to check out our FAQ section for quick answers to common inquiries. Additionally, you can visit our website and documentation for more detailed information about our services and how to use them effectively. If you still need assistance after reviewing these resources, feel free to create a ticket, and we’ll get back to you as soon as possible. You can get priority help from the algoat team by submitting a ticket in the designated support channel.
Please navigate to the support channel on the Discord server. Then press the create ticket button and a pop-up window will appear. After entering the topic and question, you can send your question by pressing the submit button.
Technical Analysis
SMC stands for the Smart Money Concept, a trading strategy centered around comprehending and capitalizing on market movements driven by institutional investors, such as banks and hedge funds. It posits that by identifying the trading behaviors of these major players, retail traders like you and me can make more informed decisions and potentially profit from them.
Market structure is the behavior, condition, and current flow of the market. It highlights support and resistance levels, swing highs, and swing lows. A trend is simply a consistent direction of price movement over time. Market structure can tell you if the market is trending or not. There are basically three main trends you will recognize in the market:
- bullish (rising, with continuous higher bottoms and tops),
- bearish (falling, with continuous lower bottoms and tops), and
- sideways, with roughly the same tops and bottoms with minor variations.
A Break of Structure (BOS) in the trading world signifies a potential continuation of the current trend. It occurs when the price decisively moves beyond a previously established level, indicating a shift in market power. There are two types of BOS:
- bullish BOS happens in an uptrend when the price decisively breaks above a swing high, while
- bearish BOS occurs in a downtrend when the price decisively breaks below a swing low.
In an uptrend, the price keeps making higher highs and higher lows, in a downtrend, the price makes lower lows and lower highs. A CHoCH, short for “Change of Character” suggests that the trend might take a surprising turn, although a CHoCH alone isn’t a guaranteed reversal. The bullish CHoCH occurs in a downtrend while the bearish CHoCH happens in an uptrend.
A Fair Value Gap or Imbalance happens when the price jumps or falls sharply, leaving a gap on the chart because there weren’t enough buyers or sellers at the “in-between” prices. Later, this gap can act like a magnet, pulling the price back to fill the empty space before continuing its trend. FVGs usually help identifying the POI (Place of Interest) and OBs (order blocks).
Order blocks refer to specific price areas where large market participants, such as institutional traders, banks, etc. have previously placed significant buy or sell orders. These clustered orders create zones on the price chart, and those zones are order blocks. These zones can act like traffic jams for price. Lots of buying or selling creates support or resistance, making it harder for the price to move past those areas easily.
It is a zone on a price chart that might attract the price and cause a reaction. There are many ways to identify POIs. These can be breakout zones, order blocks, Fibonacci retracement levels, support and resistance zones, etc.