TradeIQ Kit
The TradeIQ toolkit is a bespoke, unique and powerful collection of indicators. Combining support and resistance methods, powerful signals and host of other features; this is one of the most advanced toolkits for a trader to have.
Designed by ChartPrime closely with TradeIQ, the following documentation covers each and every component so you can get the most out of your toolkit.
Main Toolkit
Signals
The powerful signals take a unique approach providing take profit levels and stop losses clearly on the trader's chart. Signals are trend based and therefore will be generated when the price begins to reverse. Once the price has been deemed to have changed direction two main components are generated:
- The signal
- The TP & SL levels
There are two main signals: Long and Short. A long signal naturally suggests the price will rise and a short signal suggests the price shall fall.
 |
|---|
| Signals in action; a long signal with TPs provided* |
Take profit signals are generated as price progresses. These are suggested levels where you should be aiming to exit the trades. Users can adjust how far the TPs are from the signals using the provided TTP setting. A trader looking for more profits might look towards a higher value whereas a more conservative trader will look to a lower one. In general having this around 3 is healthy.
More On Signal Settings
Traders who wish to adjust how frequent or sensitive their signals are can locate the "Sensitivity" setting. A trader who prefers smoother swings might opt for a low frequency whereas a trader who prefers more trades might opt for a higher one.
Signals also come with the shadow feature in order to assist with trend identification
When trading with any signals it is a good idea to look for other confluence. Avoid following any trade blindly.
Coloured candles are also provided which complement the signals. There are two main candle color modes: Trendy & TIQ Alpha. The Trendy signals are classical trend following candle colors. These can be adjusted to use preference in the settings. TIQ candles focus on momentum and money flow in the market to produce a clean blue and purple color scheme focusing on trends with money behind them.
Trendlines with Breaks
One of the most useful and commonly used tools for traders are trendlines. These give ideas about support and resistance and outlook on a general trend. Users can enable the trendlines in the TradeIQ toolkit by scrolling down in the settings to the Trendlines setting and turning them on. This is the simplest setting and the one we suggest. This draws a trendline when there have been two confirmed touches of the trendline.
 |
|---|
| As shown; trendlines with B tags suggesting a change in trend* |
Traders can adjust how macro or micro the trendlines via the scale drop down. Traders seeking longer term trendlines might want to select Macro trendlines wheras a trader looking for short term areas of support or resistance would want Micro. Users can also toggle on historical trendlines using the records input and can adjust how the trendlines are drawn; either from the wicks or body of the candles.
When a trendline is broken and a trend change is identified; a B label is made. These can confirm the trend has changed direction. E.g. a red downwards trendline with a green B would confirm the market is now in an uptrend.
Green trendlines are generally more resistive in their nature whereas red trendlines were generated as support levels.
When a trendline is broken it can switch from support to resistance.
Support And Resistance
These can be turned on via the settings. Immediately the trader will notice blue and pink support and resistance levels. When price reaches these levels it is likely to see a bounce. If price is above the zone; there are likely to be buy orders placed here and therefore it acts as a support. If price is below this zone it is likely to contain sell orders and therefore act as a resistance.
 |
|---|
| Supply and demand bounces* |
Users are also able to see the values of the higher and lower level as labels which make excellent take profit or stop losses in trading,
Users can also adjust the color of these and the max number of zones displayed.
Preditive Ranges
The Predictive Ranges give a real time price action range on the user's chart. The price might find support and resistance at these levels when being traded. Traders can adjust the length used when detecting the range e.g. default is 50 bar analysis but if a user wanted more frequent ranges they would reduce this to 10-20. Generally when trading; these ranges can give excellent suggestions for stop loss levels & take profit levels in a market.
TIQ Breaks
TradeIQ's Breaks display X marks on the chart where market structures have been broken. This takes the popular SMC concepts making them clean and useable on the chart. Red X marks would suggest bearish price action is occuring and areas of support/pivots in the market are being broken downwards. In contract, green X marks would suggest bullish breaks of market strucure.
Traders are able to use these levels are confluence in traders and can also cautiously use them as signals in their trading.
 |
|---|
| Market breakouts* |
TIQ Profile
The TIQ Volume Profile is designed to give a deeper insight into volume analysis. The left of the profile shows the relative percentage of volume at that level. The right side of the profile will display the actual traded volume at that level. A green value shows there was net positive buying volume whereas a red color suggests there was net selling making it a bearish level.
In the settings users are able to customise this profile. Firstly the length input allows users to adjust how many bars the profile analyses. By default it will scan 250 bars for volume data. Users are also able to adjust the position of the profile. The number of bins/levels can also be adjusted. A user wanting more granular data can increase this value to split the market into more components.
When using volume profiles it can be advantagous to look for peaks in the volume activity. Looking for peaks in the activity can reveal significant areas of support or resistance in a market. Looking for low activity zones can also reveal interesting information. A low activity or low volume zone might indicate the price won't respect SR in this area of the market and in essence is a "no mans land". Be careful when trading in areas with low volume.
 |
|---|
| Readings on the Volume Profile* |
Using the settings a histogram can also be toggled on breaking down the volume for each bar as well as a moving average. This moving average can be used to detect volume breakouts in the market.
TIQ Tracer
The TIQ Tracer provides powerful trend following confluence for traders. Orange colors will be displayed in an uptrend with purple in a downtrend. This can be a great tool to help filter signals. This tool also can act as a fantastic support and resistance zone where price often bounces. Users are also able to use MTF functionality bringing in other data from timeframes onto their chart. By using the drop down, users can show the Tracer on other timeframes adding further confluence.
 |
|---|
| Readings on the Volume Profile* |
TradeIQ Oscillator
The TradeIQ Oscillator is an advanced oscillator toolkit combining both preditive and trend following methods.
There are two main components and oscillators; the main foreground one in purple and green and the green and red one behind.
The main oscillator shows bullish and bearish waves in a market and can predict reversals. Using this to aid in identification of a trend can be useful but its also important to note the oscillator can go against the current trend. This behaviour would suggest that the market is moving in one direction however is likely to reverse after the next wave.
 |
|---|
| Oscillator loaded on chart* |
The background oscillator is more classical and trend following. A green bar suggest an upwards trend and a red bar suggests a bearish one. If the histogram is above 0 it suggests and uptrend and below a downtrend. However if the histogram is above 0 but turning red it suggests a loss of momentum and possible reversal shortly. Using both the oscillator components can be a powerful pairing.
 |
|---|
| The histogram in the background* |
Using this in confluence with the more predictive foreground oscillator allows traders to both trade predictively and reactively.
The settings for the oscillator allows automatic divergences to be enabled and overbought and oversold zones to be shown again giving suggestions of when the market might reverse.