Top 5 Tradingview Premium Indicators by Gemscode in 2024
SM Shafiulla
?? Award-Winning Certified Digital Marketer From Bangladesh Gov | Local Business Growth Expert ?? | Committed to Empowering Local Businesses.
Free indicators are great, but if you are looking for a more concise and accurate analysis of the price chart, premium indicators by Gemscode?play a vital role in your trading journey. Moreover, these indicators are more advanced and designed in a way to help traders make informed trading decisions. Premium indicators come with extensive customization options, allowing traders to tailor the indicator's parameters and settings to suit their specific trading strategies and preferences. Let's discuss the top five TradingView premium indicators?by Gemscode. Without further ado, let's get started.
1) Gemscode Oscillator - Money Flow Index (MFI)
It is a premium indicator available on TradingView. MFI (Money Flow Index) is a technical indicator and oscillator that utilizes volume data and price to identify signals indicating overbought or oversold conditions in any market. The technical oscillator moves around 0 to 100 and can also be leveraged for spot divergence.
The best part of this oscillator is that it helps you identify the inflow of institutional money in the market. This is an indication of when significant market participants initiate their positions. In addition, it gives you two types of trend signals: cube & triangle signals and smart money signals (bankers).
market. However, not every trader on Earth is professional enough to identify the momentum of a market.
The Gemscode Spike Price Values Indicator is a tool that assists traders in objectively observing momentum on a price chart. It helps traders identify the trend reversals, strong momentum, and momentum spikes in the market.
2)? ?Gemscode Falling Knife
In terms of trading, Falling Knife is a phrase that describes a rapid drop in the market, and it is important for us that we don't catch the falling knife. The traders can buy at the bottom and make huge profits when the market price recovers. Similarly, entering a short position as the price declines and exiting before a rebound can lead to profitability.??
It is indispensable for a trader to identify the trend reversal and not catch the falling knife. In this way, they can secure more funds. One of the ways to check the trend reversal is to utilize RSI (relative strength index), helping to seek further confirmation of a robust uptrend before deciding to participate in the emerging trend.
It looks like this:
You can easily see the falling knife indicator by Gemscode guiding us about where to sell and buy and where the next trend reversal could be.
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3)? ?Gemscode? - Spike Pro
It is another advanced technical indicator by Gemscode. Forecasting the tops and bottoms of the market can be extremely risky; it's like the falling knife of the market. Momentum is one of the elements that a trader leverages before opening a trade in the market. However, not every trader on Earth is professional enough to identify the momentum of a market.
The Gemscode Spike Price Values Indicator is a tool that assists traders in objectively observing momentum on a price chart. It helps traders identify the trend reversals, strong momentum, and momentum spikes in the market.
In the above screenshot, we can see two spikes, red and green, which are provided by the Spike Pro. The red spike indicates the bearish trend, while the green spike indicates the bullish trend in the market.
4)? ? Machine Learning: Lorentzian? Classification
It is advanced based on machine learning algorithms, which have the efficiency to organize past data based on multiple dimensions of features. This indicator showcases how Lorentzian Classification can predict future price movement directions when employed as the distance metric within a unique implementation of an Approximate Nearest Neighbors (ANN) algorithm.
Furthermore, the metrics of Lorentzian Distance outperform other metrics such as Manhattan Distance, Bhattacharya similarity, and Cosine similarity. It efficiently and consistently scores the highest number of accuracy across a diverse range of time series datasets.
The last one on our list is the Squeeze Momentum indicator by LazyBear. With this indicator, a trader can identify the volatility and trends of the market. The black crosses identify the squeeze in the market, indicating low volatility, and the market is preparing to explode in the upward direction. The Gray Crosses identifies the Squeeze release.
The developer advises taking a position in the direction of the momentum in the market and waiting till the first gray after the black cross. If the momentum is zero, you can take a long (buy) position and vice versa. You can exit the trade if the momentum starts to shift.
Conclusion
Indicators are a good way to predict the market position and help you make informed trading decisions. In the above article, we have described premium indicators by Gemscode and two from other developers. Pro, Falling Knife, and Oscillator help traders make the right decision in the market.