Hey folks. A few months back, my buddy and I created a Telegram bot just for us that dishes out crypto signals. It keeps tabs on over 170 futures pairs to spot divergences on the 1-hour chart, plus it checks bullish and bearish vibes across different timeframes using popular indicators. We use it to analyze and keep an eye on market sentiments. Just remember to use it wisely and at your own risk.
The scanning runs non-stop thanks to machine learning and neural networks, which helps process huge amounts of data and send timely signals. Divergences are key indicators suggesting possible trend changes and giving us crucial info for making market decisions.
Indicators we use include:
- MACD (Moving Average Convergence Divergence)
- RSI (Relative Strength Index)
- Stochastic Oscillator
- CCI (Commodity Channel Index)
- Momentum
- OBV (On-Balance Volume)
- VWmacd (Volume-Weighted MACD)
- Chaikin Money Flow
- Money Flow Index (MFI)
So, what exactly are Divergences? They pop up when the price movement and the indicator direction don’t align. This mismatch can hint at a possible trend reversal, which makes divergences some of the most important signals in technical analysis.
Now, how strong is a divergence signal on the 1-day chart? On the daily timeframe, divergences are seen as solid signals since they can point to long-term trend shifts.
And about trend longevity when there's a divergence signal on the 1D chart? Well, a trend triggered by a divergence signal on the daily timeframe can...
Here's the translation to English:
New signals 📈📉 have been added, based on market structure analysis, order blocks, and liquidity grabs, which will help you identify key entry points and improve the effectiveness of your trades:
**Long Signals:**
- 🟢 Bullish S-BOS Swing bullish break of structure.
- 🟢 Bullish S-CHOCH+ Confirmed bullish change of character.
- 🟢 Bullish OB Created Creation of a new bullish order block.
- 🟢 Bullish Breaker Bullish order block becomes a breaker.
**Short Signals:**
- 🔴 Bearish S-BOS Swing bearish break of structure.
- 🔴 Bearish S-CHOCH+ Confirmed bearish change of character.
- 🔴 Bearish OB Created Creation of a new bearish order block.
- 🔴 Bearish Breaker Bearish order block becomes a breaker.
⏳ Timeframes: H1, H4, D1.
**Other Strong Signals:**
- 🔶 Bullish Grab / Bearish Grab Liquidity grab (bullish or bearish).
- Liquidity near key levels often indicates sharp price movements.
- Timeframes: M30, H1, H4.
- 🔶 Bullish Imbalance / Bearish Imbalance Imbalance.
- Detecting imbalance can indicate strong price movement as the market seeks to restore balance.
- Timeframes: H1, H4, D1.
❗️Important: Signals are provided for informational purposes only. They do not guarantee success and should not be considered as recommendations to act. The user assumes all risks associated with making investment decisions based on the provided signals.
I appreciate your efforts but what about the efficacy of your bot; even it is free, there will be no point of sharing it when you do not have any evidence for its past performance. I suggest you to your own experiences with your bot along with profit/loss calculations (even no one is ready to believe them without due diligence, it might give some outline about what you are offering here).
Basically even I am not trading nowadays, I do follow all new trading strategies and bots for crypto trading as I am still eyeing for a comeback to trading as per my inner thoughts. Trading is still a fallacy for me but I am looking for new developments everywhere as something may help me in my dream way.
It can be used for confirmation when searching for entry points together with other indicators, this is the tool I lacked many years ago when I was just starting out. I can post my statistics, but I think it will be unfair, since the absence of liquidations directly depends on the balance on the exchange and I can always align the entry point without panicking. Beginners, seeing screenshots without a single liquidation, may think that these signals are win-win and not take into account that I aligned the entry point and could withstand almost any drawdowns with a sufficient balance for this, in addition, 90% of my transactions are long, so I can recommend beginners to use only proven coins with large volumes and capitalization, which are not threatened by delisting, etc., selecting entry points only in long, since when entering a short in a bull market, you can lose much more.
In conclusion:
A bot is not something that will automatically make money for you; that's not the point. It's simply a tool in the world of trading that collects data from indicators and sends it to Telegram. Unfortunately, I have never seen any requirements for the effectiveness of indicators on TradingView. Do you agree?