Market Oracle+
Market Oracle+ builds upon Market Oracle, offering more customizability and powerful tools all in a single toolkit. The following pages will outline the added features and how to maximize their use. If you are looking for documentation regarding other core Market Oracle features, you can do so here.
Prophecy Signals
The cutting-edge Prophecy Signals have been added to Market Oracle Plus. These aren’t classical signals; they aren’t based on trends. Instead, they aim to give traders true insights into market behavior and direction. These signals offer several powerful use cases, including the standalone identification of shifting market sentiment. Unlike other methods for identifying market structures, Prophecy Signals are unique and extremely powerful. They are less likely to be thrown off by market noise or give false signals.
Additionally, they serve as strong confluence points. Using them to predict market direction and then leveraging other tools to trade within that range can greatly enhance your trading strategy.
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| Predicting true dumps and pumps |
See the video below for a more detailed overview of how to use the Prophecy Signals in your trading:
Custom Signals
Toolkits and signals often limit traders to a single algorithm, reducing flexibility and adaptability. Many traders prefer to develop their own systems without being confined by pre-built frameworks. Market Oracle+ solves this with a custom signals builder, allowing users to combine various toolkit components into a personalized signal or alert. Want a signal when a trend shift aligns with bullish candlestick patterns? With just a few clicks, you can set that up. Traders can also create alerts based on these custom signals, making it easier to automate trades.
To use the Custom Signals, please ensure signals are enabled at the top of your settings.
To activate these, open the settings and navigate to the custom alert section.
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| Plus labels denote a triggered signal |
The first two dropdowns specify the conditions that must be met to trigger an alert. The final input sets the lookback period for the conditions. For example, if you want an alert when a buy signal and a bullish candlestick appear within five bars of each other, you can set the lookback to 5, and the alert will trigger accordingly.
Quantum Bands
Quantum Bands identify zones with a high probability of price reversals by analyzing market momentum and noise. When the price enters one of these zones, a reversal becomes more likely. Quantum Bands are especially effective when paired with other reversal indicators.
What sets these bands apart is their adaptability to trending markets, enabling identification of reversals in both ranging and trending markets by leveraging volatility calculations.
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| Bounces off the bands |
Users can also take advantage of Multi-Time Frame (MTF) functionality to load bands from higher timeframes, offering a broader view of support and resistance levels. This feature is particularly useful for scalpers, as trading at the extremes of the bands allows for early entries and strategic exits at the touch of the opposing band.
Quantum Reactor
The Quantum Reactor is a powerful market balance indicator designed to help filter out fake pumps and dumps. It turns gray during higher-risk market conditions, effectively avoiding false signals and unprofitable trades. Unlike traditional moving averages that constantly try to adapt to trends, the Reactor selectively filters them out, offering a more refined approach to trend analysis.
See here how to use the Quantum Reactor in more detail:
Using the Quantum Reactor to detect and filter out fake pumps and dumps is especially powerful. Identifying when breakouts are genuine versus bull or bear traps can help traders safeguard their portfolios and trades.
The Reactor also features two modes, fast and slow, which can be adjusted in the settings. A slower Reactor is more stable, less prone to noise, and better suited for long-term traders. The fast mode reacts more quickly to price action and is ideal for short-term scalpers.
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| Quantum Reactor filtering a pump |