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    Starfield Market Status Dashboard


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    This cTrader indicator by Starfield Trading provides a lot of useful information about market volatility, the trend direction, trend continuation, market consolidation and upcoming volatility breakouts. Now you can really see what is happening in the markets for a given symbol and enter or exit your trades with confidence. Also, included is Telegram & Email Alerts, so you never miss a signal.

    Version 2.0, updated 18.08.2020

    Any questions?  Join our Live Chat Support and read our Licensing Terms

    £39.99
    * Sale ends this Friday.
    £19.99
     

    ClickAlgo Safe Buy

    This Indicator Provides a lot of Useful Information for the trader to help them to enter trades with confidence.

    • Market volatility value (BBands signal)
    • Trend direction (Trend signal)
    • Trend continuation or periods of market consolidation (Signal value)
    • Periods of upcoming large volatility breakouts (BollingerBands piercing signals  - bullets)
    • Timeframe (30min,1H, 4H, 8H,12H, 1Day, 1Week) values of candlestick wicks and Bearish/Bullish Engulfing, Gaps, Harami and Doji/Hammer patterns.
     

    cTrader Market Status Dashboard

     

    The percentage figure next to the various time-frames is calculated after the candle wicks formula and price action if you require more information click here

    The calculating formula for this is in a tight correlation with the time frame price action and time frame trend. For a better understanding, these values are colour coded (red for bearish trend, green for bullish trend and orange for range)

    The percentage figure represents with reference to that particular timeframe and the degree number with reference to trend it is referring to the SMA(9) slope trend calculated in correlation with the HMA slope. Together (SMA(9) and HMA(14) give an accurate image of the trend. (bullish when the degree is positive and bearish when the degree value is negative)

    Trend direction (Trend signal and angle)

    • If HMA is greater then SMA and BBands signal in Bullish – uptrend.
    • If HMA is lower then SMA and BBands signal are Bearish - downtrend.

    Telegram & Email Signal Alerts

    You can receive either an email or instant Telegram message direct to your PC or mobile phone the moment this indicator shows a signal to enter a trade.

     

    ctrader telegram

    Conditions for the Alert Signals

    The following conditions must be true to send a buy signal alert, the reverse applies to sell signals:

    1. Main Trend: Bullish
    2. Signal: Buy Conditions.
    3. Bollinger Bands: Bullish.
    4. Daily Fractal: Bullish.

    Additional Signals Included

    Some very important signals have been included with this indicator.

    • A trend line, calculated after a CCI and tick volume formula, (the line blue/red)
    • A signal about the daily fractal value (the blue points on the graphic)
    • A signal about the Bollinger Bands inverted  candles (the yellow points on the graphic) – that works like reverting signals and are enough accurate (if are used together with another indicator, respectively, trend slope, Dynamic RSI and MACD_Histogram)

    cTrader Forex Signals

    Market Volatility Value (BBands signal)

    When the market becomes more volatile, the bands will correspond by widening and moving away from the middle line. When the market slows down and becomes less volatile, the bands will move closer together.

    It is very simple to identify dominating price direction by simply read the trend signal: Bullish, Bearish or Range

    And just in case you’ve missed the beginning of the trend, Bollinger Bands can help you get in the trend with a good risk to reward ratio on a pullback.

    Simply look for dips towards the middle Bollinger Bands line and enter in the direction of the trend.

    When Bollinger Bands start to narrow down to the point when they are visually forming a neat tight range (measured by our proprietary formulas and not empirically) the situation signals of an upcoming increase in volatility once market breaks outside the bands. It is similar to a quiet time before the storm.

    Price moves outside the bands – trend continuation

    When price moves and closes outside the Bollinger upper or lower bands, it implies a continuation of the trend. With it, Bollinger Bands continue to widen as volatility rises.

    Bollinger Bands alone are not able to identify continuation and reversal patterns and require support from other indicators. For this, we recommend to use this indicator together with our Dynamic RSI, zero-lag MACD histogram, CCI WWS HeikenAshi and Fast Stochastic (momentum, volume and market strength indicators).

    Trend Reversal Patterns with Bollinger Bands

    As a rule, a candle closing outside Bollinger Bands followed later by a candle closing inside the Bollinger Bands serves as an early signal of forming trend reversal. It is, however, not a 100% assurance of an immediate trend reversal. (See the blue bullets from the next image)

     

    starfield trading setup BB

     

    Since long aggressive trend develops not that often, there will be on general more reversals than continuation cases, still, only filter signals from other indicators may help to spot true and false market tops and bottoms.

    How To Install & Open cBots

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

    How To Download Trial?

    We offer a 14-day trial for all of our products, you can either click on the link below the 'Add to Cart' button or the link below.

    Instant Chat Support

    If you want a speedy reply to your questions just post your questions on our Telegram chat group.

    Suggestions for Improvements

    If you have any ideas on how to improve this indicator please post them here.

    This Indicator Provides a lot of Useful Information for the trader to help them to enter trades with confidence.

    • Market volatility value (BBands signal)
    • Trend direction (Trend signal)
    • Trend continuation or periods of market consolidation (Signal value)
    • Periods of upcoming large volatility breakouts (BollingerBands piercing signals  - bullets)
    • Timeframe (30min,1H, 4H, 8H,12H, 1Day, 1Week) values of candlestick wicks and Bearish/Bullish Engulfing, Gaps, Harami and Doji/Hammer patterns.
     

    cTrader Market Status Dashboard

     

    The percentage figure next to the various time-frames is calculated after the candle wicks formula and price action if you require more information click here

    The calculating formula for this is in a tight correlation with the time frame price action and time frame trend. For a better understanding, these values are colour coded (red for bearish trend, green for bullish trend and orange for range)

    The percentage figure represents with reference to that particular timeframe and the degree number with reference to trend it is referring to the SMA(9) slope trend calculated in correlation with the HMA slope. Together (SMA(9) and HMA(14) give an accurate image of the trend. (bullish when the degree is positive and bearish when the degree value is negative)

    Trend direction (Trend signal and angle)

    • If HMA is greater then SMA and BBands signal in Bullish – uptrend.
    • If HMA is lower then SMA and BBands signal are Bearish - downtrend.

    Telegram & Email Signal Alerts

    You can receive either an email or instant Telegram message direct to your PC or mobile phone the moment this indicator shows a signal to enter a trade.

     

    ctrader telegram

    Conditions for the Alert Signals

    The following conditions must be true to send a buy signal alert, the reverse applies to sell signals:

    1. Main Trend: Bullish
    2. Signal: Buy Conditions.
    3. Bollinger Bands: Bullish.
    4. Daily Fractal: Bullish.

    Additional Signals Included

    Some very important signals have been included with this indicator.

    • A trend line, calculated after a CCI and tick volume formula, (the line blue/red)
    • A signal about the daily fractal value (the blue points on the graphic)
    • A signal about the Bollinger Bands inverted  candles (the yellow points on the graphic) – that works like reverting signals and are enough accurate (if are used together with another indicator, respectively, trend slope, Dynamic RSI and MACD_Histogram)

    cTrader Forex Signals

    Market Volatility Value (BBands signal)

    When the market becomes more volatile, the bands will correspond by widening and moving away from the middle line. When the market slows down and becomes less volatile, the bands will move closer together.

    It is very simple to identify dominating price direction by simply read the trend signal: Bullish, Bearish or Range

    And just in case you’ve missed the beginning of the trend, Bollinger Bands can help you get in the trend with a good risk to reward ratio on a pullback.

    Simply look for dips towards the middle Bollinger Bands line and enter in the direction of the trend.

    When Bollinger Bands start to narrow down to the point when they are visually forming a neat tight range (measured by our proprietary formulas and not empirically) the situation signals of an upcoming increase in volatility once market breaks outside the bands. It is similar to a quiet time before the storm.

    Price moves outside the bands – trend continuation

    When price moves and closes outside the Bollinger upper or lower bands, it implies a continuation of the trend. With it, Bollinger Bands continue to widen as volatility rises.

    Bollinger Bands alone are not able to identify continuation and reversal patterns and require support from other indicators. For this, we recommend to use this indicator together with our Dynamic RSI, zero-lag MACD histogram, CCI WWS HeikenAshi and Fast Stochastic (momentum, volume and market strength indicators).

    Trend Reversal Patterns with Bollinger Bands

    As a rule, a candle closing outside Bollinger Bands followed later by a candle closing inside the Bollinger Bands serves as an early signal of forming trend reversal. It is, however, not a 100% assurance of an immediate trend reversal. (See the blue bullets from the next image)

     

    starfield trading setup BB

     

    Since long aggressive trend develops not that often, there will be on general more reversals than continuation cases, still, only filter signals from other indicators may help to spot true and false market tops and bottoms.

    How To Install & Open cBots

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

    How To Download Trial?

    We offer a 14-day trial for all of our products, you can either click on the link below the 'Add to Cart' button or the link below.

    Instant Chat Support

    If you want a speedy reply to your questions just post your questions on our Telegram chat group.

    Suggestions for Improvements

    If you have any ideas on how to improve this indicator please post them here.

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