Market Cipher is a TradingView script that combines over 30 years of trading experience and dozens of indicators into one comprehensive charting package. It is the single best, most versatile indicator package specially designed for Bitcoin but usable in all financial markets. Market Cipher does the majority of the legwork in interpreting the data, outputting various symbols which will guide your trading. Not only will Market Cipher give you strong hands in a volatile market, it will also call the tops and bottoms warning you of price traps. Whether you prefer oscillators, support and resistance lines, or examining moving averages, Market Cipher caters to all styles of trading while interpreting all the data for you.

Market Cipher is broken into four indicators to assist you with your trading.

Market Cipher A – Trend Analysis

Market Cipher A is an EMA ribbon comprised of 8 EMA’s that are blue/white during a bull market and gray during a bear market. The intersections of these lines can be very strong lagging indications, so we have programmed Cipher A to project symbols which correspond to various indications, so you don’t have to manually interpret each bullish or bearish cross. It also gives a great visual of the trend, supplying you with strong mathematical support or resistance. Market Cipher A was made to easily analyze, isolate, and anticipate macro trends.

Market Cipher B – Oscillator Package

Market Cipher B is an all-in-one oscillator allowing for more quality indications than ever before. It combines five algorithms (some well-known, some custom) that have all been fine-tuned and smoothed for optimal analysis and trading results. When all of the algorithms converge, Market Cipher B will project a “Green Dot” which will aid you in longing the dips in bull markets as well as temporarily exiting shorts in bear markets. The Green Dot is often accompanied by extreme sellers’ momentum and will warn you of potential market bottoms, giving you strong hands even when the night is at its darkest. Market Cipher B certainly excels on the small timeframes, but is a particularly deadly tool for isolating large swings in the market.

Market Cipher SR – Support and Resistance

Market Cipher SR is a day trading strategy built for the hourly timeframe and below which heavily incorporates horizontal supports and resistances as well as Volume Weighted Average Price, otherwise known as VWAP. VWAP is a reliable day trader’s indicator that will help you to know your environment (whether it is a long day or a short day) and provide you regular opportunities to enter the market in either direction. This is due to the daily reset mechanic which not only accounts for intraday volatility but also gives the other side a chance to “take the reins” so to speak.

Market Cipher DBSI – Dual Band Strength Index

Market Cipher DBSI is an all-encompassing momentum indicator which uses a -5 to 34 score system to interpret the signals of 36 separate momentum indicators on a candle-by-candle basis. Bullish green momentum is displayed below the candlestick. Bearish red momentum is displayed above the candlestick. The current candle will be displayed in yellow for visual clarity. When the momentum scores switch from negative to positive in either direction, that is an important junction in the market where you may consider taking profits. If the momentum scores continue to increase in positivity in either direction, you may consider entering a trade in the direction of that impulse wave.

Market Cipher Features

Market Cipher A

Green Dot

The Green Dot on Market Cipher A is a bullish indicator and is most reliable on a 6-hour time period and higher. This indicator normally follows a Blue Triangle and should be interpreted over a range of 1 – 3 candles. Normally a breakout is probable when the next 1 – 3 candles print a Yellow Diamond. If the next 1 – 3 candles print a Red Diamond the breakout is less likely.

Yellow and Red Diamonds

Yellow and Red Diamonds are trend strength indicators. Yellow indicates bullish continuation while the red indicates a trend may be weakening. These indicators should be used together with the EMA ribbons giving a further indication to trend direction.
Consideration should be given to the color and band separation of the ribbons.

Red X

The Red X is a Bearish indicator. This indicator is used together with the EMA Ribbons and the Red Diamond indicator. The most effective usage of the Red X is when it follows the printing of a Red Diamond and the EMA Ribbons are nearly fully constricted changing to the bearish gray color. The accuracy of this indicator varies with time period.

Yellow X

The Yellow X is a bearish indicator and is intended to indicate high volume long covering that is rapidly bought up and sold short. This market condition also presents a possible opportunity for whale traders to exaggerate the condition by manipulating the rate of buyback indicating a possible bottom or reversal to breakout traders. This in turn supplies local liquidity then the whales reverse position forcing the market lower. The Yellow X is most reliable on 1 hour and above time periods.

Blue Triangle

The Blue Triangle is a trend reversal indicator that indicates a possible reversal of the previous trend. This indicator is intended as an early warning that the trend momentum is decreasing, and a reversal is near. The Blue Triangle should be used together with the other indicators of Market Cipher A to provide further confirmation.

Blood Diamond

The Blood Diamond is a Bearish indicator. This indicator is used together with the EMA Ribbons and the Yellow and Red Diamond indications. The most effective usage of the Blood Diamond is when it follows the printing of a Yellow Diamond and the current candle is printing a Red X and Blood Diamond stacked. Additional confirmation can be obtained from the EMA ribbons if they are constricting trending down. The accuracy of this indicator is greater on the 1 hour and above time period.

Green Dot

The Green Dot on Market Cipher A is a bullish indicator and is most reliable on a 6-hour time period and higher. This indicator normally follows a Blue Triangle and should be interpreted over a range of 1 – 3 candles. Normally a breakout is probable when the next 1 – 3 candles print a Yellow Diamond. If the next 1 – 3 candles print a Red Diamond the breakout is less likely.

EMA Ribbon

The EMA Ribbon indicator is a group of exponential moving averages of different lengths. They are used to determine the strength of a trend by looking at the distance between the moving averages. They can be used to identify key areas of support or
resistance by looking at the price in relation to the ribbon. The ribbons can also be used to signal potential trend changes when the price moves through the ribbons or the ribbons cross each other. When the ribbons are blue and white the trend is bullish. When gray the trend is bearish.

Market Cipher B

Money Flow Wave (Green/Red)

The Money Flow Wave is a momentum indicator and its intent is to display the market condition based on the flow of money into and out of the market. The wave range travels between 100 and -100. Green indicates money flowing in and red indicates money flowing out. The Money Flow Wave can also be used to confirm other indicators that are built into Market Cipher B. Positive results have been found on all time periods.

Momentum Wave (Blue)

The Momentum Waves are used to measure and visually display the strength and direction of an asset. Market Cipher B breaks momentum down into two waves. The light blue wave is intended to display momentum as a leading wave and the blue wave displays momentum as a lagging wave. ay overlaying the two, this helps to show when an assets strength is increasing (oversold) or when its nearing exhaustion (overbought). Momentum Waves can also be used to easily spot divergent price action.

100% Level

The 100% Scale Level is the maximum level that the RSI and Stochastic indicators travel. The center line on Market Cipher B is zero.

RSI

The RSI indicator used in Market Cipher B is an oscillator and more of a heavily modified and smooth stochastic. The modifications combine the traits of the traditional RSI making it a more responsive and effective signal in Market Cipher B. This indicator ranges between zero and 100. A level above 80 is considered to be overbought while a reading below 20 is considered to be oversold. This can be useful in spotting short term trends and divergences.

Stochastics

The Stochastics used in Market Cipher B is a smoothed oscillator indicator that ranges between zero and 100. A level above 80 is considered to be overbought while a reading below 20 is considered to be oversold. Stochastics can be useful in spotting short term trends. When the Stochastics is above 50, price action is seen as trending higher and when crossing below 50, price is seen as trending lower. The strength of the signal is show by the green and red line color.

Trigger 1

Trigger 1 is an alert enabled line that can be adjusted up or down in the Market Cipher B settings. The settings can be found at the top left corner of the indicator by hovering over the indicator name and clicking on the cog wheel symbol

Overbought level

The Overbought Level is an alert enabled line that can be adjusted up or down in the Market Cipher B settings. Setting an alert on this level can provide early notification that the asset is approaching a key level.

VWAP Momentum Wave (Yellow)

The VWAP Momentum Wave is not the same as the traditional VWAP (volume weighted average price) indicator as used in Market Cipher SR. This indicator is intended to simulate some aspects of the traditional VWAP but is based on momentum. This indicator should be used in conjunction and confirmed with other Market Cipher B indicators. Success has been found longing when the wave crosses over zero and shorting when the wave crosses under zero. This is the opposite of the tradition VWAP whereas a rule you only short above VWAP and long when below.

Money Flow Bar

The Money Flow Bar is a simplified display of the Money Flow Wave indicator. This bar is used to show the zero-crossing location of the wave more clearly.

Oversold Level

The Oversold Level is an alert enabled line that can be adjusted up or down in the Market Cipher B settings. The settings can be found at the top left corner of the indicator by hovering over the indicator name and clicking on the cog wheel.

Trigger 2

Trigger 2 is an alert enabled line that can be adjusted up or down in the Market Cipher B settings. This alert function allows early notification when used together with your trading strategy.

Momentum Green Dot

The Momentum Green Dot is a bullish indicator that is alert enabled. This indicator is strongest when deep into the oversold area, indicating that a reversal could be near. This indication is also useful when used as a pivot or anchor point waiting for a trigger wave to form or to spot price divergence.

Momentum Wave Crossing

The Momentum Wave Crossing is an alert enabled condition that triggers a small red dot when the light blue wave crosses under the blue momentum wave indicating price is currently moving lower. A small green dot will print when the light blue momentum wave crosses over the blue wave indicating price action is currently moving higher.

Market Cipher S/R

Resistance

The Purple Dots indicate an area of resistance. The number of purple dots in a row displays how long this area has been the local high, indicating the strength of the level. The higher the number in a row the higher the chance price will move to this area.

Range Midline

The Range Midline is the center of the highest high and the lowest low of the configured trading range. This area can be useful as a take profit level or a possible area to add to a trade. Normally, price action returns to the mean during the trading day and can be effective when used together with the VWAP indicator.

VWAP

The VWAP indicator – Volume Weighted Average Price gives the average price the asset has traded throughout the trading day, based on both volume and price. This indicator provides both trend and current value of the asset, indicating optimal locations to enter and exit a trade. Successful results have been found by following a very simple rule. long below or on a bullish upward cross of VWAP and short above or on a bearish downward cross

Range High

The Range High line indicates the highest price that an asset has achieved in the trading day. The number of days used for the range, can be adjusted in the indicator’s settings.

Support

The Yellow Dots indicate an area of support. The number of yellow dots in a row displays how long this area has been the local low, indicating the strength of the level. The higher the number in a row the higher the chance price will move to this area.

Range Low

The Range Low line indicates the lowest price of the asset in the pre-configured trading day. The number of days used for this range, can be adjusted thru the indicator’s settings.

Video Tutorials

Basic Strategy 1 – Where to start

Basic Strategy 2 – Follow up on our first trade!

Basic Strategy 3 – How to exit

Market Cipher DBSI

CryptoFace Divergences

Divergence Bootcamp

Overbought and oversold

Divergent price action

Scalping strategy

Entering longs in an uptrend

Four yellow X strategy