Current Trade Data show on the chart and in a table next to the current Price Action on the chart the specific Trade Entry on the current Signal.
The Current Trade Data Table and along with the Trade Entry which shows the exact price that was entered on the current signal shows potential Profit Targets, Potential SL(Stoploss), Current Profit from the Signal based on percentage, and Max Profit which shows the maximum percentage of profit achieved by the current signal.
This will also show these levels on the chart
TP 1, TP2, TP3 - shows potential Take Profit levels.
Entry - Shows where the signal entered
SL - Shows where a potential Stoploss can be used.
This tool is designed to help traders more effectively plan their trades based on signals and if they are trading manually.
Outside of the Trade Entry levels, the other levels should simply be used as a reference, and the TP or Take Profit levels are where traders can take some profit.
This allows the user to use a Dashboard that shows Data on the current Trading Pair being viewed on different timeframes.
The Dashboard is default Off but also has a Beginner and Advanced Mode Dashboard Modes:
Beginner - On the bottom right of the chart a dashboard showing the current Trading Pair will display the current Trading Pair on every timeframe from the Monthly to the 1 minute and whether the Price Action is Bearish, Bullish, or No Trend.
This allows users to see low timeframe changes in Price Action and how they react to Higher timeframe Price Action and can effectively give an early indication of a Trend Change.
Advanced - On the bottom right of the chart a dashboard showing the current Trading Pair will display the current Trading Pair on every timeframe from the Monthly to the 1 minute and show a more advanced view of whether the Price Action is Bearish, Bullish, or No Trend.
Session - shows whether the current Trading Session is in the New York, London, or Asia Trading Session. Different trading sessions can show how Price Action can change from Session to Session.
Reversal - A scale from 0 to 100 where a lower score indicates a smaller probability of Reversal and a higher score means there is a greater probability of Reversal.
Core Strength - Goes from negative 20 to positive 20. The more negative the score means the downward trend is stronger and the more positive the score means the upward trend is stronger. The closer to zero also indicates less of a trend.
Different Timeframes - From the Monthly to the 1 Minute the scores will fluctuate between negative 20 and positive 20. The more negative the score means the downward trend is stronger and the more positive the score means the upward trend is stronger. The closer to zero also indicates less of a trend in that specific timeframe.
This setting allows the users to choose how the bars(candles) are colored or if they are colored at all.
Bar Color Types:
None - This means the bars(candles) default to the user’s chart settings
Trade - The bars(candles) are colored based on the current signal being fired. Green bars(candles) mean the current trade signal is Long(Buy), Red bars(candles) mean the current trade signal is Short(Sell), and Grey bars(candles) mean the current trade signal is Exit or No Trade Zone.
Crayon - The Crayon Mode specifically changes the Bars(Candles) on the chart based on market conditions. This allows users to simply use this Crayon Color Type to see a more in-depth representation of the market on the chart and for every Bar(candle).
Red Bars - Extreme downwards Strength
Green Bars - Extreme upwards Strength
Purple Bars - Trend Change
Grey Bars - Very Oversold conditions indicating a potential reversal to the upside
Pink Bars - Very Overbought conditions indicate a potential reversal to the downside
Orange Bars- Indecisiveness
Aqua Bars - Structure break and potential trend change
Yellow Bars - Extreme Low Volatility indicating a potentially large move soon.
Volume - These bars(candles) are colored based on the specific Long(Buy) or Short(Sell) volume on each specific candle.
Bar color types are only effective when the user is trading manually.
Divergences will show Divergences in Strength as compared to the current Price Action on the chart and are classified between Regular and Hidden Divergences. While regular divergence often indicates trend reversals, hidden divergence tends to be a continuation indicator that shows when an opportunity to take advantage of a pullback in a trend may exist. This means that a trader can now choose to enter the market in the direction of the trend to profit from its continuation.
None - Default setting. Divergences not shown
Regular - Shows Regular Divergences that are both Bullish annotated as Green-colored “Bull” Label and Bearish annotated as Red-colored “Bear” Labels. The connecting lines between indicated points of “Bull” or “Bear” divergences show this move is a continuation of the divergence and indicates a greater chance of reversal. Regular divergences indicate potential trend reversals.
Hidden - Shows Hidden Divergences that are both Bullish annotated as Green-colored “Bull” Label and Bearish annotated as Red-colored “Bear” Labels. The connecting lines between indicated points of “Bull” or “Bear” divergences mean this is a continuation of the divergence and indicates a greater chance of reversal. Hidden divergences indicate pullbacks or retracements but not a potential trend break.
This is a tickable function that is default off
Turning on Liquidity Grabs means 3 yellow dots will fire on a candle that has a highly volatile move in either the up or down direction against the current trend but closes back within the parameters for a trend continuation.
This is useful in manual trading as liquidity grabs generally show low timeframe liquidity has been taken that opposes the current trend and supports the idea of trend continuation.
Bands show different types of Bands Types as well as showing a heatmap within the bands that indicates an increase in volatility. As the colors of the band go from yellow to orange to red it shows an increase in the upwards Price Action Trend. As the colors of the band go from light blue to dark blue and purple it shows an increase in the downwards Price Action Trend.
As the bands constrict it also shows a potential “Squeeze” and as it squeezes it increases the probability of a more volatile move in the coming bars(candles). As the bands expand it shows that there is a potential “Expansion” and as it expands it increases the probability of a less volatile move and potentially a retracement in the coming bars(candles).
Trendmaster - The default band type is a custom Band utilizing an arithmetically balanced combination of several other band types.
Bollinger - Uses a Bollinger band for this band type.
Donchan - Uses a Donchan band for this band type.
Keltner - Uses a Keltner band for this band type.
Bands can be used to direct the current Price Action move and whether the price is “Squeezing” or “Expanding” during manual trading.
Sensitivity can be adjusted between 1 and 10 increasing and decreasing by .5 increments with a default setting of 5.
Increasing the Bands Sensitivity above 5 will tighten the bands and can be best used on lower volatility trading pairs.
Decreasing the Bands Sensitivity below 5 will loosen the bands and be best used on higher volatility trading pairs
The best way to use the bands is as the Bands constrict, look for the color shift to brighter colors or upwards movement or darker colors for downwards movement. As the bands expand look for the color shift away from brighter to indicate retracement down from an up move or a color shift away from darker colors to indicate a retracement up from a down move.