Market Oracle Pro [ChartPrime]
ChartPrime Oracle Pro combines actionable, elegant and functional indicators into a single toolkit. Combinations of both trend following and contrarian logic aim to provide traders with a deeper insight into market movements; aiming to assist in better entries and exits.
Designed and created by the ChartPrime team, peacefullizard(digital signal processing expert), Gecko, and ExoMaven, this toolkit takes deeper level theory and expresses it in a useable format for traders. ChartPrime Oracle Pro is designed to satisfy and cover major trading theories allowing the user to pick and select the features that fit them.
When using any indicator suite it is important to understand these tools are there to assist trading rather than to be a single source of truth. Functionality such as Auto Maximization of parameters is there to guide and enhance user experience, however it is important to be aware of overfitting results.
Features included & Use cases:
Signal Mode: Select the type of assistive signals you are requiring. Provided are both trend following signals with self optimization using backtest results as well as reversal signals, aiming to provide real time tops and bottoms in markets. Both these signal modes can be fine tuned using the tuning input to refine signals to a trader's liking. The ChartPrime Auto Maximizer will automatically apply a backtested parameter and display the "best performing signals" on your chart. It is important to note this is not indicative of future results. ChartPrime Trend Signals leverage audio engineering inspired techniques and low-pass filters in order to achieve and attempt to produce lower lag response times and therefore is designed to have a uniqueness when compared to more classical trend following approaches.
Candle Highlighting: Choose between a clean gradient or more classical red/green coloring. These color the candles to assist with trend identification.
ChartPrime Dashboard: This cleanly designed dashboard provides 3 simple to interpret metrics. Firstly, the Optimal Tuning box provides a backtested result giving you the most accurate input. Again, it is important to note this is not indicative of future results. A Prime Score is also provided. This metric is a collection of ChartPrime trend following indicators bundled into a single item. It ranges from 0 (being very bearish trend) to 10 (being a very bullish trend). 5 would indicate a ranging market. A consolidation score is also provided showing how "ranging" the market is. 10 being a low volatility and consolidating market and 0 being a more volatile and trending market which can assist the trader in avoiding ranges (if undesired).
Additional Features:
The Dynamic Reactor provides a simple band passing through the chart. This can provide assistance in support and resistance locations as well as identifying the trend direction expressed via green and red colors. Taking a moving average and applying unique adaptivity calculations gives this plot a unique and fast behaviour.
The Prime Ranges provide VWAP inspired real time actionable ranges on your chart. These ranges provide support and resistance levels as well as coloring, once again, there to aid trend identifcation. By generating a distribution and projecting it we produce real time levels for traders.
Candlestick structures analyze candlestick formation putting a spin on classical candlestick patterns and provide the most relevant formations on the chart. These are not classical and are filtered by further analyzing market activity. A trader's classic with a spin.
The Momentum Wave Bands provide classical areas of high deviation where the price may reverse. It also provides additional insight on trend direction and volatility.
The Prime Trend Assistant provides a trend following dynamic support and resistance level. This makes it perfect to use in confluence or as a filter for other supporting indicators. This is an adaptive trend following system designed to handle volatility leveraging filter kernels as apposed to low pass filters.
Settings:
Example Usecases:
Trend based confluences:
ChartPrime Oracle Pro provides classical (all be-it self optimizing) trend based signals. When trading, taking into consideration other forms of confluences are crucial. Take the image below: Here we see a *uptrend* where smaller retracements in price action are resulting in sell signals. When identifying a trend, analyzing the macro and micro price action can help the trader deduce how relevant a move in the market may be. We can use the Prime Trend Assistant to help filter out said retracements. We are also able to use the Prime Ranges in a similar way.
Features such as the Prime Ranges have duplicate usecases whereby a trend can be idenfied via the color of the bands as well as providing TP/SL levels. Considering these assisting features is vital before entering a trade.
Contrarian trading methodologies:
Commonly; trading with a trending market is most well known. However; markets are just as susceptible to ranging behaviors. ChartPrime has designed this toolkit to cater to most market conditions. For example, finding confluence between reversal indicators such as our contrarian signals and the momentum wave band can provide for some very strong confluence that can help a trader attempt to enter at bottoms of retracements and achieve the best possible entries or exits.
Developing confluences as shown above can be key to a trader's success. It is important to avoid biases when looking at indicators and view the market as objectively as possible.
ChartPrime believe that there is no magic indicator that is able to print money. Indicator toolkits provide value via their convinience, adaptibility and uniqueness. Combining these items can help a trader make more educated; less messy, more planned trades and in turn hopefully help them succeed.
Risk Disclaimer
All content and developments created by ChartPrime are purely for informational & educational purposes only. Past performance does not guarantee future results.
Designed and created by the ChartPrime team, peacefullizard(digital signal processing expert), Gecko, and ExoMaven, this toolkit takes deeper level theory and expresses it in a useable format for traders. ChartPrime Oracle Pro is designed to satisfy and cover major trading theories allowing the user to pick and select the features that fit them.
When using any indicator suite it is important to understand these tools are there to assist trading rather than to be a single source of truth. Functionality such as Auto Maximization of parameters is there to guide and enhance user experience, however it is important to be aware of overfitting results.
Features included & Use cases:
Signal Mode: Select the type of assistive signals you are requiring. Provided are both trend following signals with self optimization using backtest results as well as reversal signals, aiming to provide real time tops and bottoms in markets. Both these signal modes can be fine tuned using the tuning input to refine signals to a trader's liking. The ChartPrime Auto Maximizer will automatically apply a backtested parameter and display the "best performing signals" on your chart. It is important to note this is not indicative of future results. ChartPrime Trend Signals leverage audio engineering inspired techniques and low-pass filters in order to achieve and attempt to produce lower lag response times and therefore is designed to have a uniqueness when compared to more classical trend following approaches.
Candle Highlighting: Choose between a clean gradient or more classical red/green coloring. These color the candles to assist with trend identification.
ChartPrime Dashboard: This cleanly designed dashboard provides 3 simple to interpret metrics. Firstly, the Optimal Tuning box provides a backtested result giving you the most accurate input. Again, it is important to note this is not indicative of future results. A Prime Score is also provided. This metric is a collection of ChartPrime trend following indicators bundled into a single item. It ranges from 0 (being very bearish trend) to 10 (being a very bullish trend). 5 would indicate a ranging market. A consolidation score is also provided showing how "ranging" the market is. 10 being a low volatility and consolidating market and 0 being a more volatile and trending market which can assist the trader in avoiding ranges (if undesired).
Additional Features:
The Dynamic Reactor provides a simple band passing through the chart. This can provide assistance in support and resistance locations as well as identifying the trend direction expressed via green and red colors. Taking a moving average and applying unique adaptivity calculations gives this plot a unique and fast behaviour.
The Prime Ranges provide VWAP inspired real time actionable ranges on your chart. These ranges provide support and resistance levels as well as coloring, once again, there to aid trend identifcation. By generating a distribution and projecting it we produce real time levels for traders.
Candlestick structures analyze candlestick formation putting a spin on classical candlestick patterns and provide the most relevant formations on the chart. These are not classical and are filtered by further analyzing market activity. A trader's classic with a spin.
The Momentum Wave Bands provide classical areas of high deviation where the price may reverse. It also provides additional insight on trend direction and volatility.
The Prime Trend Assistant provides a trend following dynamic support and resistance level. This makes it perfect to use in confluence or as a filter for other supporting indicators. This is an adaptive trend following system designed to handle volatility leveraging filter kernels as apposed to low pass filters.
Settings:
- Signal Mode: Drop down to select the types of signals wanted
- Tuning: Integer input to adjust signal's responsiveness. Lower inputs result in more frequent signals being produced.
- Auto Maximizer Toggle: Automatically apply a backtested parameter to the signals
- Dashboard Size: Drop down to select the size of the dashboard
- Dashboard Position: Change the location of the dashboard on your chart
- Additional Features: A set of toggles turning on/off these indicators.
Example Usecases:
Trend based confluences:
ChartPrime Oracle Pro provides classical (all be-it self optimizing) trend based signals. When trading, taking into consideration other forms of confluences are crucial. Take the image below: Here we see a *uptrend* where smaller retracements in price action are resulting in sell signals. When identifying a trend, analyzing the macro and micro price action can help the trader deduce how relevant a move in the market may be. We can use the Prime Trend Assistant to help filter out said retracements. We are also able to use the Prime Ranges in a similar way.
Features such as the Prime Ranges have duplicate usecases whereby a trend can be idenfied via the color of the bands as well as providing TP/SL levels. Considering these assisting features is vital before entering a trade.
Contrarian trading methodologies:
Commonly; trading with a trending market is most well known. However; markets are just as susceptible to ranging behaviors. ChartPrime has designed this toolkit to cater to most market conditions. For example, finding confluence between reversal indicators such as our contrarian signals and the momentum wave band can provide for some very strong confluence that can help a trader attempt to enter at bottoms of retracements and achieve the best possible entries or exits.
Developing confluences as shown above can be key to a trader's success. It is important to avoid biases when looking at indicators and view the market as objectively as possible.
ChartPrime believe that there is no magic indicator that is able to print money. Indicator toolkits provide value via their convinience, adaptibility and uniqueness. Combining these items can help a trader make more educated; less messy, more planned trades and in turn hopefully help them succeed.
Risk Disclaimer
All content and developments created by ChartPrime are purely for informational & educational purposes only. Past performance does not guarantee future results.
Release Notes:
In Market Oracle v3.1:
Prime Trend Assistant has now been updated to better avoid market chop and filter out ranging market behavior allowing users to avoid noise. Users are now able to select the reactors in a drop down menu with the new Volume Flex Reactor adjusting itself with volume as an assistive supporting feature.
Prime Trend Assistant has now been updated to better avoid market chop and filter out ranging market behavior allowing users to avoid noise. Users are now able to select the reactors in a drop down menu with the new Volume Flex Reactor adjusting itself with volume as an assistive supporting feature.
Release Notes:
New update Market Oracle v3.2. This update includes:
- Oracle load time significantly reduced
- Added ability to customize Dashboard through toggle
- New Higher frequency and lower frequency auto-maximizer settings added
- Oracle default settings changed
- Take profit check mark signals algorithm improved.
- Smart target algorithm improved.
- Message boxes added to alert section to customize alert messages
- Oracle load time significantly reduced
- Added ability to customize Dashboard through toggle
- New Higher frequency and lower frequency auto-maximizer settings added
- Oracle default settings changed
- Take profit check mark signals algorithm improved.
- Smart target algorithm improved.
- Message boxes added to alert section to customize alert messages
Release Notes:
Updated to version 3.2.3
- Message box Alerts are working properly now. Able to customize your alert message
- Fixed the Dashboard bug will now remove from chart completely if necessary
- Max profits setting added
- Message box Alerts are working properly now. Able to customize your alert message
- Fixed the Dashboard bug will now remove from chart completely if necessary
- Max profits setting added
Release Notes:
Update for Market Oracle Pro:
- Added Multi Timeframe Reactor mode allowing users to view reactors for alternate timeframes.
- Added Multi Timeframe Reactor mode allowing users to view reactors for alternate timeframes.
Release Notes:
Updated thumbnail.
Release Notes:
- New TP system with real time max profits
- Auto Optimizer now allows traders to adjust whether they optimize for PNL or winrate and adjust how sensitive the algorithm is to price action
- New volume candle color mode; putting a focus on high volume candles
- Improved customizability with adjustable reactor colors
Release Notes:
Minor Bug Fixes
Release Notes:
- Improved optimizer
- Minor bugs fixed
- Minor bugs fixed
Release Notes:
Patched alert issue
Release Notes:
- Added Market Prophecy. This provides insights into future price action.
- Max Profit: Our max profit signals have been enhanced so they are better at locating tops and bottoms in the market
- Efficiency: Market Oracle is now faster + bugs patched