What is it about?
* Daily Volume
App Store Description
* Daily Volume
The daily volume helps you indicating what the most traded items are today. It gives you the vision which ones have the most liquidity and which are the ones that you should be trading. Note that the higher the volume, the better the reading is.
* Trading Ratio
This pie chart shows which are the most liquid and traded items as for now. It helps traders to determine what to trade and where the trading trend is heading. It also indicated volatility. The bigger the percentage, the higher the potential volatility is.
* Net Trading Items
This reading helps long-term traders to see the percentages between the buy and sell. What a trader should be looking at is the difference between those two. So you should place your trades based on the higher percentage. For example, If SELL is higher than BUY, then you should be taking the SELL direction.
* Changing Price Level
Changing price level is a very important reading that you need to look at when you trade. This reading gives you the exact price where the trend would change its direction. For example, if price was at 50.50 now and the CPL is at 48.50 that means you have 200 pips until trend changes its direction. You can also place your Stop Loss at the CPL price. Basically for long term trading. You always need to buy above the CPL when direction is bullish and sell below the CPL when direction is bearish. And breakeven point is an informative tool that calculates it in pips.
* Trading Range
Trading range reading determines the potential trading range per each item. We are focusing here on an unexpected/random market if a big news or high impact comes up. This is considered as a safety valve for traders to see the unexpected.
* Summery Table
In the summery table you will see the epitome of all of the readings above. This is for the mid and long-term trading style. For example, when direction shows Bullish and strength of signal is above 75%, which means you should buy. Also take a look at the breakeven point and that’s where you should place your stop loss perimeter.
* Scalping Mode
The scalping mode does not give you a certain take profit or a stop loss. Basically you need to keep watching this table because it changes any second. Here you need to pay attention to two things.
The “Trade Type” and the “Retracement”. You should be entering the market when you see both of the signals have the same direction. For example, when you see trade type and retracement are BUY, then you enter the market with a buying position. Also it is very important to look at two more things here which are. The ratios for both. When you see 75% and above ratio, you should enter, otherwise it is a little bit risky. Also the last thing is the “average overall”. Enter the market when the current price is close the AVG overall.
* Average Entry
The average entry reading helps you determining the difference between the long and short positions and what is the difference between those two points. The bigger the difference between those two entries the stronger the trend is. And you can use this for the long term trading. For example. If price is above avg sell then you should place your stop loss at the avg sell and so on.
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