Market Spotter Indicators Guide

Market Spotter
Indicator Guide

RSI Rocket

Momentum Indicator

RSI Rocket is a momentum-based indicator that measures the strength of the price trend and identifies potential trend reversals.

Red Triangle - Strong Sell

Identifies a strong potential pivot to the downside in the market and a potential sell/short opportunity.

Green Triangle - Strong Buy

Identifies a strong potential pivot to the upside in the market and a potential buy/long opportunity.

Yellow Circle - Weak Sell

Identifies a weaker potential pivot to the downside in the market and a potential sell/short opportunity.

Blue Circle - Weak Buy

Identifies a weaker potential pivot to the upside in the market and also gives an opportunity to enter a buy/long position.

Turbo Trend

Green Diamond - Long

These will appear when the ribbon turns green and the price finds support above it. They signal a potential uptrend and a potential long position opportunity (buy).

Trend Indicator

Turbo Trend is a moving average-based indicator that identifies the direction the market is trending on all timeframes.

Blue Diamond - Take Profit Short

These indicate that the bearish trend might be over and a good point to take profits from your short position.

Red Diamond - Short

These will appear when the ribbon turns red and the price finds resistance below it. They signal a potential downtrend and a potential short position opportunity (sell).

Orange Diamond - Take Profit Long

They indicate that the bullish trend might be over and a good point to take profits from your long position.

Support Shield

Blue rectangle

This indicates a support area. The bigger the area, the stronger the support. It may be used to enter long positions (buy) when the price is close to or inside a support area.

Tip

Long/Buy signals from one of our other indicators that appear close to or inside a support area from Support Shield have a higher success rate. Likewise, Sell/Short signals will be more effective if they appear close to or inside a resistance area.

Red rectangle

This indicates a resistance area. The bigger the area, the stronger the resistance. It may be used to enter short positions (sell) when the price is close to or inside a resistance area.

Support & Resistance

Support Shield dynamically identifies support and resistance areas in real time, on all timeframes.

Cloud Catcher

Cloud Catcher

Cloud Catcher is an Ichimoku Cloud based indicator that can help identify trend direction, strength, market sentiment and support/resistance.

Break Down

The price has broken below a green cloud (area of support). This may indicate a trend reversal and represent an opportunity to enter a short position or close any previous longs.

Conversion Line Crossing Up Through Base Line

Bullish cross. Might represent the start of an upward movement.

Base Line Crossing Over Conversion Line

This signal can be enabled in the settings options by selecting Signal 2. This may represent an opportunity to take profits or enter a short position.

Break Up

The price has broken above a red cloud (area of resistance). This may indicate a trend reversal and represent an opportunity to enter a long position.

Signal Sniper

Long

Indicates a potential uptrend and an opportunity to buy or enter a long position.

Tip

For all signals on Signal Sniper to be confirmed, the candle in which the signal appears needs to close. Sometimes the signal will appear with a fresh candle and then disappear before the candle closes as conditions may change. Take into consideration that the price may move considerably before candle closure.

Scalping Indicator

Using a combination of different trend and momentum-based indicators, it provides long and short opportunities for all types of trading.

Short

These will appear when the ribbon turns red and the price finds resistance below it. They signal a potential downtrend and a potential short position opportunity (sell).

Zero Lag Moving Average

The white line represents a 50 period zero lag moving average. You can exit your long positions when the price crosses down through the line or when you get a “Short” signal. You can also exit a short position when the price crosses up through the line or when a “Long” signal appears.

MACD Pulse

Green Triangle

Indicates a bullish cross of the MACD Line above the Signal Line. This is a buying opportunity.

Green Cross

Indicates a bullish cross of the MACD Line above the 0 line, which is traditionally a bullish sign.

BD (Green)

Bullish Divergence. It is considered a strong buy signal, and is generated when the price is making lower lows while the oscillator is making higher lows (regular) or when the price is making higher lows and the oscillator is making lower lows (hidden).

Trend & Momentum Indicator

MACD Pulse uses the Moving Average Convergence Divergence indicator to find hidden patterns in price action, signaling potential pivots, trend reversals and divergences and providing customizable buy and sell signals

Red rectangle

Indicates a bearish cross of the MACD Line below the Signal Line. This is a selling opportunity.

Red Cross

Indicates a bearish cross of the MACD Line below the 0 line, which is considered a bearish sign.

BD (Red)

Bearish Divergence. It is considered a strong sell signal, and is generated when the price is making higher highs while the oscillator is making lower highs (regular) or when the price is making lower highs and the oscillator is making higher highs (hidden).