The Ace Pro Short - 1 Minute ETHUSD Ethereum Indicator calculates overbought and oversold conditions.
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How is this indicator different from the previously released Ace Pro 1 Minute ETHUSD Version 2.0 indicator?
They are both Version 2.0.
This indicator is the Version 2.0 ALTERNATIVE FIRMWARE edition.
When used in conjunction with another Ace Pro ETHUSD Short Indicator, such as the earlier release of Version 2.0, users can obtain a finer edge. However, this indicator can be used independently. There is no requirement to use it with another indicator.
VERSION 2.0 has been tested to provide more trades and more reliability. This ALTERNATIVE FIRMWARE VERSION of Version 2.0 may provide a slightly earlier or later entry or exit than the previously released Version 2.0.
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It focuses on momentum to identify whether the market is overbought or oversold.
If it detects that the market is overbought, it gives an alert of “Short Entry”
If it detects that the market is oversold, it gives an alert of “Short Exit"
Traders are also able to set notifications on Tradingview with this version of the indicator.
To set an alert, after adding the indicator, at the top left of the chart where the indicator is listed, click on the "more" option (three dots), and then select "Add alert."
PLEASE NOTE THE FOLLOWING:
THE ACE PRO SHORT - 1 MINUTE ETHUSD INDICATOR IS DESIGNED ONLY FOR USE ON THE 1 MINUTE BITSTAMP ETHUSD CHART.
It is only to be used for opening and closing short positions.
It is not recommended for use with long positions.
It is not recommended for use with time frames other than the 1 minute.
In a sideways market, or during a violent move, it is likely to produce false signals.
Traders must use confluence from their technical analysis to enter trades.
The Ace Pro Short ETHUSD 1 minute has been designed to prioritize successful trades over number of trades.
Traders please note that as time passes, I will update the indicators as required, so the versions mentioned in this text are subject to change and I will be unable to edit this description.
-------------------------------------------------------------------------------------------------------------------------
How is this indicator different from the previously released Ace Pro 1 Minute ETHUSD Version 2.0 indicator?
They are both Version 2.0.
This indicator is the Version 2.0 ALTERNATIVE FIRMWARE edition.
When used in conjunction with another Ace Pro ETHUSD Short Indicator, such as the earlier release of Version 2.0, users can obtain a finer edge. However, this indicator can be used independently. There is no requirement to use it with another indicator.
VERSION 2.0 has been tested to provide more trades and more reliability. This ALTERNATIVE FIRMWARE VERSION of Version 2.0 may provide a slightly earlier or later entry or exit than the previously released Version 2.0.
--------------------------------------------------------------------------------------------------------------------------
It focuses on momentum to identify whether the market is overbought or oversold.
If it detects that the market is overbought, it gives an alert of “Short Entry”
If it detects that the market is oversold, it gives an alert of “Short Exit"
Traders are also able to set notifications on Tradingview with this version of the indicator.
To set an alert, after adding the indicator, at the top left of the chart where the indicator is listed, click on the "more" option (three dots), and then select "Add alert."
PLEASE NOTE THE FOLLOWING:
THE ACE PRO SHORT - 1 MINUTE ETHUSD INDICATOR IS DESIGNED ONLY FOR USE ON THE 1 MINUTE BITSTAMP ETHUSD CHART.
It is only to be used for opening and closing short positions.
It is not recommended for use with long positions.
It is not recommended for use with time frames other than the 1 minute.
In a sideways market, or during a violent move, it is likely to produce false signals.
Traders must use confluence from their technical analysis to enter trades.
The Ace Pro Short ETHUSD 1 minute has been designed to prioritize successful trades over number of trades.
Traders please note that as time passes, I will update the indicators as required, so the versions mentioned in this text are subject to change and I will be unable to edit this description.
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.