Introducing the IX Cipher Indicator for TradingView — a cutting-edge tool designed to enhance your trading strategy with precise divergence detection, custom entry signals, and advanced trading pressure analysis. By incorporating the Cheat Cheat Entry (CSE) to give you good areas to enter the market, the IXCipher provides valuable insights for optimizing trading decisions.
#Designed for scalping the market and precision.
đź’ĄKey Featuresđź’Ą
Advanced Divergence Detection: Identifies both regular and hidden divergences with high accuracy. These divergences signal potential trend reversals, helping traders adjust their strategies effectively.
Custom Entry Signals: Generates tailored entry signals by analyzing divergence patterns and wave buy/sell signals. These custom signals assist traders in timing their trades for optimal market opportunities.
CSE Integration: Integrates seamlessly with the CSE methodology, offering custom entry conditions based on the price’s interaction with the 50-day Exponential Moving Average (EMA) and wave buy/sell signals.
🔥Accurate Money Flow Calculation: Calculates the Money Flow Index accurately, addressing common issues found in other indicators like the Market Cipher (VuManChu Cipher) indicator. This calculation evaluates market buying and selling pressure using typical price and volume, ensuring reliable and actionable insights into market strength and potential trend movements.
🔥Enhanced Trading Pressure: Measures Trading Pressure as a proxy for bull and bear pressures by analyzing changes in high and low prices between consecutive bars. It then calculates a weighted moving average of these pressure values and the Net Pressure. This approach provides a detailed view of market dynamics, aiding in precise scalping and short-term trading decisions.
Stochastic RSI: Includes the Stochastic RSI to measure the level of RSI relative to its range over a specified period. This indicator helps identify overbought and oversold conditions and potential trend reversals.
Relative Strength Index (RSI): Integrates the RSI to evaluate the speed and change of price movements. The RSI aids in identifying overbought or oversold conditions, offering additional context for making entry and exit decisions.
Volume Weighted Average Price (VWAP): Features the VWAP as a leading indicator to predict price movements. The VWAP provides an average price weighted by volume, offering insights into market trends and potential price reversals. Traders use it to gauge the average trading price over a period, making it a valuable tool for predicting future price movements.
🔥Money Flow Dashboard: Dashboard which takes different timeframe MoneyFlow values and shows you data real time. Better dashboard and average MoneyFlow ploting available in the IXCipher v2.2 that comes with IXTradingHub indicator.
User-Friendly Interface: Designed for ease of use, with customizable settings to align with individual trading styles and preferences.
Visual Clarity: Offers clear and actionable visual signals, ensuring that traders can quickly interpret the data and make informed trading decisions.
The IX Cipher Indicator is a powerful tool for traders looking to leverage advanced divergence detection and wave buy/sell signals for strategic entries and exits. With its accurate MoneyFlow calculation and detailed Trading Pressure metrics, the IX Cipher equips traders with the insights needed for effective and informed trading.
The Indicator is free for IXTradingHub Community Discord Members.
Disclaimer: All scripts and content provided are for informational and educational purposes only. Past performance does not guarantee future results.