Technical indicators are the backbone of successful trading strategies, empowering traders to make informed decisions. At Coinrule, we’re dedicated to providing you with the most powerful tools to maximize your potential in the crypto market. That’s why we’re thrilled to announce the release of new advanced indicators on our platform!
Many beginner traders assume that technical analysis is complex and to some extent, that is probably true. Technical indicators and crypto trading match perfectly with an automated trading system, something that would otherwise be challenging to manage with manual trading. A trading bot can process a massive amount of data 24/7, increasing the effectiveness of your performances significantly.
Humans need sleep, but Coinrule never rests!
These additions bring you more flexibility and precision when designing your automated trading strategies. Whether you’re a seasoned pro or just starting, these tools will help you stay ahead of the market.
What’s New?
Here’s a quick overview of the latest indicators now available on Coinrule:
- Average True Range (ATR)
- Supertrend
- Stochastic RSI
- Volume Weighted Average Price (VWAP)
- Time Weighted Average Price (TWAP)
We’ve also expanded the lengths/periods available for Moving Averages (MA), Exponential Moving Averages (EMA), and RSI indicators, offering you even more customization and control.
Unlike other indicators that indicate trend direction, the ATR is used purely to measure volatility, especially volatility caused by price gaps or limit moves.
Supertrend is used to identify the direction of the prevailing market trend. It is a trend-following indicator that dynamically adjusts based on price movement and volatility. It helps traders easily spot trends and set entry/exit points based on price direction.
The Stochastic RSI is essentially an indicator of an indicator. It combines the Relative Strength Index (RSI) and the Stochastic oscillator to provide a more refined signal. Traders often use the crossover of the K-line and D-line to identify potential buy or sell signals.
Why Use Advanced Indicators?
Using technical indicators means to adopt the theory that prices move with recurring patterns such as seasonality. Therefore, these patterns incorporate all the information required to operate a trading plan. Technical indicators don’t take into account any “fundamental value” of the asset. That fits well with cryptocurrency trading since these assets are volatile, high risk, operate 24/7 and there aren’t any reliable models capable of predicting their price to date.
By automating your strategies with these indicators, you can:
- Spot trends faster and act on them.
- Minimize risks with better insights into market volatility.
- Build multi-layered strategies for precise execution.
How To Get Started?
There are different types of indicators and each of them has a specific purpose and utility. Understanding in which conditions one indicator performs better, and what signals it provides, allows users to make much better decisions while trading.
Testing a strategy before launching it live to the market can help fine-tune the parameters to reach the balance that fits your needs. Remember, technical indicators are not perfect tools, and they shouldn’t be either. After all, catching the absolute top or bottom of each price swing is virtually impossible. Interpreting the right direction and employing the proper risk management tools makes a trader into a Pro.
With Coinrule’s no-code interface, creating an automated trading strategy has never been easier!
You can easily integrate these indicators into your rules.Simply head to the condition block in the rule builder and start experimenting with these new tools.
Why Upgrade?
Whether you’re new to Coinrule or an existing user, these powerful indicators will enhance your strategies. Take full advantage by upgrading your plan to unlock even more trading possibilities.
Your automated trading journey just got smarter. Ready to give it a try?
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Happy trading!
Trade safe!