MarketSniffer

MarketSniffer A

We have programmed MarketSniffer A to project symbols which correspond to various indications so you don’t have to manually interpret countless intersections. It also gives a great visual of the trend, and gives you an idea of where shorts may drop to.

 

MarketSniffer Scalp

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MarketSniffer B

MarketSniffer B: This all-in-one oscillator, allowing for more quality indications on your chart than ever before. It combines five well known algorithms (VWAP, MFI, RSI, Stochastic RSI, Wave Trend) that have all been fine-tuned and smoothed for optimal results. When all of these indicators converge, Market Sniffer projects a green buy signal. The green buy signal is characterized by extreme sell momentum. In other words, it tells you to long when the night is at its darkest, making it a strong leading indicator. Most educators suggest sticking to a single oscillator and mastering it – Market Sniffer B allows even a novice trader to interpret many oscillators at once with ease, all while freeing up valuable real estate on the screen.

Primary Triggers

Green Dots – Leading buy signals that excel in sideways and upwards trends.

Blue Waves – You are looking for overbought and oversold readings for the most part here, but to get the most out of these waves, learn how to spot divergent price action which often foreshadows a future price move.

Yellow VWAP – We have incorporated the VWAP into an oscillator. It is the easiest algorithm on B to read. When it crosses up, you are long until the next cross down. When it crosses down, you are short until the next cross up.

Secondary Triggers:

MFI – The custom Money Flow oscillator gives a great visual of market conditions. When it is green, we say the grass is growing, the Bulls are grazing, and the strategy is to buy dips. When the MFI is red, buyers are dead, and the prevailing strategy is to short the peaks. You can filter many bad trades by paying attention to the MFI.

RSI – The RSI misses many opportunities on its own, but when used in tandem the other oscillators in B, can provide an extra layer of confidence via overbought and oversold readings.

Stochastic RSI – The Stochastic RSI is an indicator of an indicator. When it crosses the regular RSI, it paints green or red, signaling a bullish or bearish cross. No more manual scanning for RSI crosses! These events have greater importance on higher timeframes where the Stochastic RSI often paints red or green for weeks or months at a time. When the change in color finally occurs, that can be a strong indication to long or short.