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How to set up a TradingView Alert for buy and sell signals TokenTact Documentation

  • October 12, 2023
  • 5 min read
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TokenTact is compatible with up to 75 cryptocurrencies and nine major exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex. Fill in the maximum amount your bot may use from the total assets. You have 1 BTC and you fill in 0.5 at maximum amount allocated, your bot will only use 0.5 BTC.

  • This means that it will keep sending buy/sell signals as long as the Williams %R is above or below a certain value.
  • Transaction fees are 0.10% per trade and as little as 0.05% for users paying with the local (BNB) Binance coin.
  • We again start with MESA on the 4-hour chart for trend direction.
  • Oversold zones are the opposite; they are areas where the price suddenly decreased.
  • This tutorial explains the different settings in the Market Arbitrage bot.
  • That is, the most recent price levels will determine to a greater extent the development of the moving average.

Therefore, it reduces the lag between the price and moving average. The Chaikin A/D Oscillator is a momentum indicator that adds volume to its analysis. As many traders say, price follows volume, and this indicator is used to analyze the current momentum of the price to predict future price movements. We have added a moving average of the ATR line to generate signals. In this way, when volume starts flooding the market and the volatility peaks, the ATR line will rise above its moving average. Likewise, when the volatility falls and the market ranges, the ATR line will fall below its moving average.

These indicators can be divided in four different types. Read more about the different types of Technical Indicators here. Create a second API Key by following the steps mentioned in steps 2, 3 and 4 and click on Save in your Kraken and TokenTact account. For your safety, you are automatically signed out due to inactivity. When enabled your bot will not place orders when you do not have enough funds for the Minimum buy amount. Fill in the number of minutes your bot is in the cooldown period for a currency.

So in our example it will send a sell signal when the indicator crosses back below 70 after being above it. Like the SMA, traders use this indicator to spot trends and trend reversals. As a result, users should devote some time to researching signallers https://cryptodaily.no/tokentact-anmeldelse-en-ny-krypto-bot-pa-blokken/ and look into subscribing to the more reliable paid signal services. Furthermore, the bots do not obtain withdrawal rights, and in the event of a hack or data breach, nefarious actors would not be able to directly access your funds.

It sends a buy signal when the StochRSI crosses below a certain threshold, for example 30. So if the current values is 45 and it then it crosses below 30, it will send a buy signal. A sell signal will be sent when the RSI crosses above a certain value. This setting makes the Stochastic with Region Crossovers work like the regular Stochastic.

Overbought zones are areas where the price and volume have risen significantly in a small interval of time, which suggests that a trend reversal can occur. Oversold zones are the opposite; they are areas where the price and volume have decreased suddenly. Unlike other moving averages, MESA won’t only give a signal when the crossover between moving averages has taken place. It will signal a buy or a sell until the next crossover occurs.

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This creates a very smooth moving average that doesn’t react quickly to market volatility, therefore, filtering out the noise of the price and pinpointing the main trend of an asset. Traders frequently use this indicator to open and close trades through moving averages crossovers, and to find mobile support and resistance levels in different time frames. The Simple Moving Average is a common tool for traders to analyze the general trend of a price. The SMA is a trend indicator that smooths price movements to filter out the noise of an asset. Its main characteristic is a faster reaction to price movements.

As the other moving averages we’ve previously seen, buys and sell signals are generated through bullish and bearish crossovers. A bullish crossover takes place when the fast moving average crosses the slow one upwards, which would open a position. Bearish crossovers are the opposite, and will close a position or open a short. With the automated crypto trading bot of https://token-tact.com/ you can earn money on your favorite exchange automatically. Auto buy and sell Bitcoin, Ethereum, Litecoin and other cryptocurrencies.

The Hull moving average, as other similar indicators, generate signals by crossovers between a fast and slow moving average. Although it has “Oscillator” in its name, it actually works pretty different from most other oscillators on TokenTact, and more like a momentum indicator. The Chaikin A/D Oscillator fluctuates around the value zero. Every time that the indicator changes from positive to negative, it suggests that the momentum of the price is changing. The ADX generates signals when it rises above a specific threshold.

So, if you would like to use a very fast moving average, the DEMA can be a good option. The Bollinger bands, created by John Bollinger in the eighties, measures the volatility of the price through the deviation of two bands, an upper and lower band, from the moving average. However, when the market starts moving quickly in one direction, doesn’t matter if it’s up or down, the ATR will start rising. Aroon up measures the frequency of new highs during uptrends.

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