Using the MarketGodPro Indicator Series
After months of user feedback and testing, we have suggested used that can be applied to the MarketGod Tools.
- When setting alerts, mark the notification preference as ‘once per bar close’ – Note that this will only affect the notifications you are receiving on the price action/indicator action and do not include when the alert prints on your chart, which is completely separate.
- Heikin Ashi candles will provide the easiest visual to follow changes in trend. Our alerts are not absolute value alerts, and will not change based on the changes in price per-say, but changes in overall market trend. This said, you will not see the price the trend changed at, but the period the change occurred.
- Depending on the version, you may have different experiences with each, between and on any given period, the indicator may have reacted differently. We have worked hard to build a tool that uses real time data and will not give ghost alerts/false reads. We suggest that you wait until the candle has closed to have “confirmation” that the signal had ‘painted’ or not painted. You will notice that our real time alerts may cause ‘flickering’ of the painted candle, however we suggest in times of normal market flow, to wait for confirmation. This may change in an environment like cryptocurrencies, in which ‘dumping’ may solidify the pending alert.
- Note: Unfortunately, we reach a fallacy within some of the criteria and the limitations of Pine Script. To use real time data, means to use the input price that is called in a moment of time. Because the price is ‘live’ when doing this, the input is affected the parameters established within the buy and sell criteria. This was designed as such under the thinking that the candle is pulling data from the most recent open, close, high, or low that Tradingview has available. That is not the case however, and it will pull the data at that exact moment. While effective for quick data, this creates a situation where the indicator will not know what data is confirmed until we program it to include the ‘most recent close’, which is considered repainting to Tradingview, as it is using historical data to make real-time decisions, and could potentially manipulate the alert itself as something that was faked/recorrected after the event had occurred.
- Signals given on a higher time frame will immediately override the lower frames. IE, IF XRPBTC gives a 1D ‘Buy’ while also giving a 1 Month ‘Sell’ alert, the trader should follow the monthly alert.
- When a Buy/Sell Alert paint on the chart, it is intended to signal a change in trend. The periods of sideways trading will cause several alerts to pop up in a short amount of time, and that should alert the trader to use their trading knowledge that in an uptrend, we are likely to move up quickly and this period of consolidation is bullish. This is the reverse in a downtrend, as the consolidation will trigger the alerts, likely ending in a break to the downside.