4 New Data Driven Indicators I use for scalping.
1. Visible Range OI Delta Profile on @coinalyzetool
Shows where traders are entering and exiting. Use this like VPVR.
Use this indicator on LTF to identify trading levels in a trending market.
In range, use this to scalp on either side as target when price deviates.
Shows where traders are entering and exiting. Use this like VPVR.
Use this indicator on LTF to identify trading levels in a trending market.
In range, use this to scalp on either side as target when price deviates.
2. Aggregate OI:
Having net open interest across all trading pairs is very useful.
Sometimes, one exchange will market enter large long positions while there is no action or selling action on other exchange. This filters out misinterpretation of that data to a large extent.
Having net open interest across all trading pairs is very useful.
Sometimes, one exchange will market enter large long positions while there is no action or selling action on other exchange. This filters out misinterpretation of that data to a large extent.
Strategy.
1. Price has failed to break over an important level in the past.
2. OI increase to support new price pump.
3. We go into a 4H level, confluence of negative OI delta profile indicator.
4. We expect a breakout because a level where traders have closed Tped long.
1. Price has failed to break over an important level in the past.
2. OI increase to support new price pump.
3. We go into a 4H level, confluence of negative OI delta profile indicator.
4. We expect a breakout because a level where traders have closed Tped long.
5. This is now seeing new longs coming in, we long the breakout This is from a recent trade I took.
Link to Charts Here- coinalyze.net
Link to Charts Here- coinalyze.net
3. Liquidations:
Overlooked indicator.
Unprecedented amount of liquidations is always an indicator of a short-term top or bottom.
I use this with the first two indicators for confluence while scalping.
Overlooked indicator.
Unprecedented amount of liquidations is always an indicator of a short-term top or bottom.
I use this with the first two indicators for confluence while scalping.
Let's say BTC dumps a lot. There is a huge liquidation unseen in the last few days. You wait for small move up with OI increase and enter long. Take profit at nearest level with high amount of OI delta. Quick 5-10 minute trade.
Works best on 1 minute TF as I have talked earlier.
Works best on 1 minute TF as I have talked earlier.
4. Aggregate CVDs:
Same as aggregate OI, this helps in making more informed decisions.
My detailed CVD tutorial is here - bit.ly
Same as aggregate OI, this helps in making more informed decisions.
My detailed CVD tutorial is here - bit.ly
In the attached example, we see that across exchanges spot is currently selling off more aggressively than futures.
This means that perps are likely holding up price and limit orders are absorbing the market longs. This could be a short trigger with confluence.
This means that perps are likely holding up price and limit orders are absorbing the market longs. This could be a short trigger with confluence.
Tools above will give you more data to trade with and can act as a confluence
Ultimately it's your skill that will make you money. You can also access the free Altcoin trading Indicator here-
P.S. Don't fall for Scam Paid Groups.
Emperor Loves you.
Ultimately it's your skill that will make you money. You can also access the free Altcoin trading Indicator here-
P.S. Don't fall for Scam Paid Groups.
Emperor Loves you.
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