Sypool’s Rebranding: Introducing “Momentum Eruption” in AI-TradeGenius
I. Basic Information
- Indicator Name: Momentum Eruption
- Type: Momentum Indicator
- Description: Combining the distribution of average transaction prices with corresponding trade volumes and utilizing AI algorithms to detect short to medium-term support and resistance within trends. This indicator aims to calculate critical points for price rebounds or pullbacks. When following a trend, long positions are initiated at pullback extremes, while short positions are taken at rebound extremes.
II. Usage
- Moving Averages:
- “Moving Averages”: Represent the direction of trend development and act as support and resistance.
2. Signals:
- “B”: Indicates a long buy signal.
- “S”: Indicates a short sell signal.
III. Application Techniques
- Applicability: Suitable for trending markets.
- Signals: When the moving averages are upward trending, and a certain trend is established, it is considered a bullish direction. When a “B” signal appears, consider entering a long position. When a certain level of profit is achieved, consider taking profit, such as reaching a previous high. For “S” signals, the usage is similar but opposite.
3. Opportunities: Since markets tend to move in cycles, this indicator provides many signals during trending conditions. Each signal should be independently observed and used, and there is no specific guidance on closing or taking profits for each signal.
How to use the indicator:
- Go to charts on TradingView：https://www.tradingview.com/chart/pfvTsnMv/
2. Go to “Community Scripts” in the “Indicators” section.
3. Enter “Momentum Eruption” in the search bar.
4. Click it and you will see it on your chart.
Visit https://www.tradingview.com/u/Sypool/#published-scripts to see more scripts!
If you are interested in our invite-only scripts, learn more and apply for the free trials here:
Disclaimer:
The indicators discussed in this article are provided for informational purposes only. They should not be considered financial advice or guarantees of trading success.
Trading in the crypto markets involves inherent risks, and it is important to conduct thorough research and analysis before making any investment decisions. These indicators are tools that can assist in technical analysis and identifying potential trading opportunities, but they do not guarantee profits or protect against losses.
The interpretation and application of these indicators should be done with caution and in conjunction with other analysis methods. Market conditions can change rapidly, and individual trading strategies may yield different results. It is recommended to consult with a qualified financial professional or investment advisor before making any investment decisions.
Sypool and its affiliates do not accept any responsibility for losses or damages incurred as a result of using or relying on the information provided in this article. Users of these indicators are solely responsible for their own investment decisions and should carefully consider their financial situation, risk tolerance, and investment objectives. Past performance is not indicative of future results.
