cTrader Market Signals

When the conditions are meeting, the indicator sends an e-mail alert about market buy/sell conditions and draw a signal arrow over the graphic indicator. Market Signals indicator provides a solution to this problem by creating a buy and a sell limit that change depending on the standard deviation (volatility) of the relative strength index, RSI, indicator. We have added additional features to allow you to receive an instant signal alert via an email or telegram message direct to your mobile phone as no extra cost. By recognizing past trends the Dynamic RSI is able to predict approaching trends with great accuracy and set the levels accordingly.

The movement of the RSI is derived from price and tries to eliminate some of the “noise” of the market and it succeeds to do so. If you pay attention to other stuff (like the angle of the channel created by the bands or support and resistance levels), you can incorporate this indicator into a successful strategy. To eliminate the most false signals, this indicator uses signals provided from Bollinger Bands, Time Series Moving Average and HULL Moving Average. 

Market Squeeze & Ranging

When the price is ranging and there is a market squeeze happening as shown below the signals will not be so accurate, so it is best to ignore them. The orange coloured text denotes that the price is ranging.