Market Oracle Pro Overview

In this lecture, we discussed the features and settings of the Market Oracle Pro indicator, emphasizing how to set it up correctly on trading charts.

Getting Started

• Indicator Installation
  • Go to the Indicators tab
  • Search for and select Market Oracle Pro

Signal Settings

• Signal Mode Options

  • Trend Mode: Confirms current trends (green for bullish, red for bearish)
  • Reversal Signals: Indicates potential trend reversals
  • Trend + Reversal: Combines both signals
  • Disabled: Turns off signals

• Tuning Settings

  • Customize frequency of signals
  • Higher tuning = less frequent signals
  • Lower tuning = more frequent signals
  • Auto Optimizer Tool recommended for best settings
  • Variables:
    • Speed: Fast, Moderate, or Slow
    • Win Rate vs. Profit/Loss: Choose based on backtesting results

Reactor Settings

• Dynamic and Volume Reactors

  • Dynamic Reactor indicates trend (green for bullish, red for bearish)
  • Volume Reactor shows support/resistance levels

• MTF (Multi-Time Frame)

  • Select reactors for different time frames without changing the chart

Additional Features

• Candle Highlighting

  • Customize candlestick colors to identify trends easily

• Trend Detection

  • Trend Gradient: Smooth depiction of trends
  • Trend Static: Simplified version to reduce noise

• Volume Gradient

  • Highlights candles with high volume, indicating potential larger moves

• Custom Colors

  • Personalize bullish and bearish candle colors

Profit Signals

• Max Profit and Take Profit
  • Take Profit: Two ticks for average and above-average profit areas
  • Max Profit (MP): Trailing stop that triggers on identified pullbacks

Momentum Wave Bands

• Indicate areas of overextension in price movements
• Change color (bright pink/green) to signal potential reversals

Candle Structures

• Automatically tracks and identifies candle structures:
  • EG: Engulfing candle
  • H: Hammer candle
  • ES: Evening Star
  • MS: Morning Star
  • WS: Three White Soldiers
  • BS: Three Black Crows
  • FTM: Falling 3 Method
  • RTM: Rising 3 Method

Prime Range Indicator

• Provides ranges based on real-time market sentiment
• Identifies key support and resistance levels

Prime Trend Assistance

• Tool for quick trend analysis
• Color-coded for easy identification (green/red)

Dashboard Features

• Oracle Dashboard
  • Provides three scores:
    • Optimal Tuning Score: Best settings for the current chart
    • Prime Score: Trend analysis (higher = bullish)
    • Consolidation Score: Indicates market volatility

Dashboard Customization

• Size and positioning are customizable based on user preference

Conclusion

• Understanding these features will help in implementing the Market Oracle Pro indicator into trading strategies effectively.
• Thank you for attending!