TL:DR — >YES !
This article includes an affiliate link that you can use: https://marketciphertrading.com/?ref=38037
What is Market Cipher ?
It’s a Leading Indicator that I use to trade the crypto markets and regular markets with a greater amount of success.
I also use other indicators in combination with Market Cipher, EMASAR developed by Sawcruteez and TRDR developed by DK and Joe Saz. But so far Market Cipher has been one of best to provide me with both long term trades and short term scalps.
Developed by the Og’s, Crypto Face and Flopping Groper, Market Cipher incorporates a myriad of indicators into a full fledged indicator, the best of all and most versatile one. It gives you insight into what the market makers are doing and where the money is flowing, being way easier to predict price movements. After interpreting the market data for you it will post out signals that will guide through the market extreme volatility.
Since October/2020 that I ‘ve been using this indicator in combination with mostly EMASAR and TRDR, and the results have been outstanding. I can make way better trades and get better confirmation signals than I did before and also I can prevent big losses by watching for bear signals, something that i wasn’t doing, it has saved my a** sometimes during this bull cycle.
→ Scroll to the bottom to see my results using it ←
Currently it includes 4 modules:
→Market Cipher A;
→Market Cipher B;
→Market Cipher S/R;
→Market Cipher DBSI;
Market Cipher A
A combination of an EMA (exponential moving averages) ribbon and a mechanism that projects symbols upon interpreting the ribbon’s movements.
The way that the ribbon moves creates different signals, those range from:
Yellow X — Usually a manipulation signal, to the downside;
Yellow and Red Diamonds — Trend strength indicators. Yellow is bullish continuation, red signals a trend weakening;
Blue Triangle — Trend reversal indicator;
Green Dot — Bullish confirmation, usually follows a blue triangle, becomes stronger when it’s followed by a yellow diamond;
Blood Diamond — Bearish indicator, when a red diamond prints stacked on the same candle, it is a strong bearish signal;
EMA Ribbons — A combination of different EMA’s(exponential moving averages) with different lengths that should be used to interpret the strength of a trend by looking at the distance between the EMA’s. It is blue when the trend is bull and gray when the trend is bear
Market Cipher B
A combination of different indicators and oscillators used to analyse money flow, trend strength and exhaustion and also predict next market movements with more accuracy.
These are the components of Market Cipher B:
Money Flow Wave — A momentum indicator that displays the flow of money entering or exiting the market;
Momentum Waves — User to measure and visually display the trend strength of an asset, the light blue wave is a Leading wave, and the dark blue wave is a lagging wave, when they intersect each other usually a signal is posted. These can be used to detect Overbought and Oversold zones. Also used to spot divergences and take the most advantage of them;
VWAP Momentum Wave — This is a VWAP that is based on momentum and is not the same as the regular VWAP. It’s provides great longing or shorting signals when used in conjunction with other Market Cipher B indicators and also longing when the wave crosses above zero and shorting when it crosses below;
Money Flow Bar — Visual Indicator of the Money flow;
RSI — Heavily modified and smoothed out version of a stochastic that uses traits of the RSI, making this one more responsive and effective;
Stochastics — A smoothed out oscillator that ranges from 0 to 100, useful for spotting short term trends;
100% level — Maximum level for RSI and Stochastic Indicators;
Oversold Level and Overbought Level— This line can be used to create alerts that trigger upon hitting this level, it can be changed up or down;
Trigger 1 and Trigger 2 — Both are also alert lines that can be moved up or down;
Momentum Green Dot — Bullish indicator that can also be trigger alerts, these signals are stronger when the blue momentum waves are deep in the oversold territory and on larger time frames and usually indicates that a reversal/bottom is near;
Momentum Wave Crossing — An indicator that prints a small red dot when the light blue wave crosses under the dark blue wave indicating that the prices should go down, and prints a small green dot when the light blue wave crosses above the dark blue wave suggesting that the price should start moving up;
Market Cipher SR (Support/Resistance)
Resistance — A row of purple dots that indicates the resistance, the length of the dots indicates the amount of time that this area has been the local high, the higher the dots printed the higher the chance that price moves into them;
Support — A row of yellow dots that indicates the support, the same as the purple dots but now representing support;
Range Midline — The average between the local highest high and the lowest low of the configured trading range;
VWAP — A regular VWAP indicator, it provides the average price that an asset has traded during the day based on both price and volume movements;
Range High — The highest price that an asset has traded during the day;
Range Low — The lowest price that an asset has traded during the day;
Market Cipher DBSI
This one is an all-encompassing momentum indicator, using a -5 to 28 scoring system it will interpret 36 separate momentum indicators on a candle-by-candle basis and post out different scores. Green scores indicating bullish momentum are posted below the candle and bearish red momentum scores are posted above the candle. Values above 14 are a good starting signal.
My results:
Like I mentioned at the start of the article, I bought Market Cipher on October of last year, below you can check some of my trades with it and see the results for yourself :)
Market Cipher undoubtedly has aided me in my trades and made me a better trader, also it’s a beast of a combo to use it with EMASAR and TRDR.
If you want to try it for yourself here’s the link to it:
Also if you are in to technical analysis and orderbook analysis please give my YouTube channel a look, there you can learn more about EMASAR, TRDR and Market Cipher, it’s the place where I do my daily TA and share my thoughts about the crypto market :)
Crypto Wave YouTube Channel:
https://www.youtube.com/channel/UCUmYyLdaY4di1GzDKB7z_Sw
Keep on surfing the Crypto Wave
Cheers !
