1. Momentum - Smooth Spread
Overview of the Smooth Spread Feature
The Smooth Spread feature is designed to provide accurate insights into the position of the Last Price relative to the moving average on Smooth Minute Charts, enabling traders to assess market sentiment effectively.
Key Features:
Clear Market Positioning: The feature indicates whether the Last Price is above or below the moving average, offering clear signals for bullish or bearish market sentiment.
Detailed Price Deviation Display: It visually presents the deviation of the Last Price from the average in points, allowing traders to gauge the extent of market variation from the moving average.
Customizable Average Length: Users can adjust the length of the moving average according to their preferences. While the default setting is 3, a recommended length of 5 provides more refined analysis.
Multi-Time Frame Integration: Market Pulse seamlessly integrates the Smooth Spread feature across up to 15 different time frames, aligning chart settings for comprehensive market analysis and informed decision-making.
By leveraging the Smooth Spread feature, traders gain valuable insights into market positioning and price deviation, enabling them to make well-informed trading decisions across multiple time frames.
More Information on Smooth Charts -
Momentum - Smooth Spread | Settings
The Smooth Spread settings in the OTS Market Pulse App offer users the ability to customize how they view and interpret market data. These settings are designed to enhance the user experience by providing tailored visual cues based on personal preferences and trading strategies. Here’s a breakdown of the customizable options available in the Smooth Spread settings:
1. Show Smooth Spread:
This option allows users to toggle the display of the Smooth Spread feature on or off, depending on their need for this specific data in their market analysis.
2. Show High/Lows:
Users can choose to display the high and low values within the Smooth Spread. This feature is useful for traders who focus on price ranges and extremes.
3. Avg (Average):
This setting lets users define the average value used in the Smooth Charts. Setting the right average is crucial for aligning the Smooth Spread with the trader’s analysis period and style.
4. Warning Threshold Setting:
Users can specify a threshold value for the Smooth Spread. When the Spread is below this threshold, the app will display a warning color, alerting the user to significant deviations.
5. Positive Value Color:
This option allows users to select a color for the background when the Smooth Spread is above the warning threshold. For instance, a user might choose green to indicate positive or bullish conditions.
6. Negative Value Color:
Similarly, users can choose a color for situations where the Smooth Spread is below the warning threshold, such as red for negative or bearish conditions.
These customizable settings in the Smooth Spread feature of the Market Pulse App provide traders with the flexibility to tailor the app’s interface to their specific needs. By adjusting these settings, users can enhance their ability to quickly interpret data and make informed trading decisions.