Market Cipher is a famous strategy – indicator developed by many contributors on Tradingview. I take no credits, I studied open source scripts and it’s logic, modded a few stuff and hyper optimized it to work nicely to avoid some of the false signals that original indicators give you.
I am combining more indicators than others:
WaveTrend, RSI, Stochastic RSI, VWAP, EMA, SMA and MoneyFlow indicators.
Strategy is identifying market trends, potential reversals and trading opportunities.
WaveTrend Channel
The core of this script is the WaveTrend indicator, which uses the smoothed average of typical price to identify overbought and oversold conditions. 2 Waves are calculated to track market momentum and cyclical price movements.
Major Divergences – Strong Signals: The script detects and highlights major bullish and bearish divergences automatically and signal your trades.
Thanks to LazyBear for WaveTrend OscillatorStrategy uses a few technical indicators to provide a comprehensive market analysis framework.
Thanks to RicardoSanto for RSI Divergence
Thanks to LucemAnb for Stochastic Divergence
Thanks to vumanchu for VuManChu Cipher B + Divergences
I am combining more indicators than others:
WaveTrend, RSI, Stochastic RSI, VWAP, EMA, SMA and MoneyFlow indicators.
Strategy is identifying market trends, potential reversals and trading opportunities.
WaveTrend Channel
The core of this script is the WaveTrend indicator, which uses the smoothed average of typical price to identify overbought and oversold conditions. 2 Waves are calculated to track market momentum and cyclical price movements.
Major Divergences – Strong Signals: The script detects and highlights major bullish and bearish divergences automatically and signal your trades.
