Transcript for:
Comprehensive Guide to Market Oracle Pro

hey what's up guys in this video I'm going to be breaking down all of the features and settings from the market Oracle Pro helping you guys understand what everything is and how to correctly set up your charts so let's jump straight into it the first thing you want to do is make sure you have the indicator on your chart you can do this by simply heading to the indicators tab then searching Market Oracle Pro now that it's up and running let's jump into the settings I'll make my way from the top down so first up we have the signal settings in here you will find the signal mode which allows you to choose between standard Trend mode which is just the trend signals these are signals that can be used to confirm the current Trend the green ones being a bullish Trend and the red ones a bearish trend reversal this is just the reversal signals these signal a potential Trend reversal may be coming Trend plus reversal this is both Trend and reversal signals or you can have this feature disabled next to the signal mode you will find a tuning setting now this can be a little complex for beginners but essentially you can use this to customize the frequency of signals to fit your personal preferences the higher the tuning input the less frequent and the lower the tuning input the more frequent however we recommend that you use our Auto Optimizer tool instead which automatically finds and uses the best settings for your chart and time frame this option comes with some variables such as speed allowing you to choose between fast moderate or slow fast is more frequent signals moderate is a good middle ground and slow is less frequent signals as well as saw by giving the option between win rate and profit and loss this option utilizes our back testing algorithm which then applies the best settings for a high win rate percentage or the best settings for a high profit and loss percentage reactor settings this is where the very popular Dynamic reactor lives as well as the volume reactor both of these are great tools to have on your chart as price price tends to respect them very well as support and resistance as well as being very good at helping you determine the trend as you can see here on the dynamic reactor green signifies a bullish Trend and red a bearish trend you will also see an option here called MTF this stands for multi-time frame now if you have this ticked on you can pick the reactor you want to see and then select the time frames here this now means that you can see exactly if the reactor is bullish or bearish on different time frames without having to change your chart now on to some additional features candle highlighting this option allows you to customize the colors of your candlesticks helping you easily identify Trends and volume Trend gradient and Trend static both utilize our Trend detection algorithm and allows you to easily identify the current Trend the trend gradient version is more smooth and allows you to see when a trend may be weakening whereas the trend static is more simplified which can help you minimize unnecessary noise volume gradient will highlight the candles with high amounts of volume which can be a good indication of a bigger move coming lastly custom colors will allow you to personalize the candles to match your preference with these two colors here for bullish and bearish candles Max profit and take profit these are profit signals that pair extremely well with our Trend mode the take profit will provide two ticks based on average and above average profit areas and Max profit or MP is essentially a trailing stop which only triggers once the algorithm has identified a pullback that could potentially lead to a trend reversal this means that you can let your winners run a little longer and Achieve that maximum profit momentum wave bands these bands do an incredible job at locating areas of overextension when you see price pushing into the bands they will start to change into a bright pink or bright green color as you can see here this signals overextension and could mean price is about to reverse the deeper it goes into the band land the more likely it is to have a significant reversal candle structures a very helpful tool to have on your charts this will automatically track candle structures and print them in either a red or green so you can identify the bullish and bearish candle structures EG is engulfing candle which occurs when one candle engulfs the previous and can be both bullish or bearish H is Hammer candle also can be both bullish or bearish and this is a common bottom or top signal es is Evening Star which typically signals a bearish reversal Ms is Morning Star which typically signals a bullish reversal WS is three white soldiers which is a bullish continuation BS is three black crows which is a bearish continuation FTM is falling 3 method this signals a bearish continuation and lastly RTM is Rising 3 method this signals a bullish continuation Prime range this indicator provides ranges based on realtime Market sentiment analysis which can be used as key levels of support and resistance it's also shown in a gradient scale allowing you to easily identify momentum shifts and breakouts Prime Trend assistance this is a very helpful tool for Trend analysis its simple green and red color scheme allows for quick Trend identification and can even be used for support and resistance not to mention its Sleek design makes it easy to leave on your charts at all times dashboard the the Oracle dashboard provides three scores optimal tuning Prime score and consolidation score the optimal tuning will provide a tuning score based on the best settings for your current chart and time frame from our back test the algorithm you can use this number as your tuning input in the signal settings box Prime score provides a score to assist with Trend analysis the lower the number the more bearish the trend and the higher the number the more bullish the trend lastly the consolidation score provides a score on Market volatility 10 being very low volatility and a consolidating market and zero being very high volatility and a trending Market this can be very helpful in finding entries as a high score indicates a big move could be coming soon finally we have the size and positioning of the dashboard this is purely personal preference so we've given you a bunch of different options so you can have it exactly how you like it that's all for today guys hopefully you now have a much better understanding of the market Oracle and have no problems implementing this fantastic indicator into your trading strategy thank you all for watching and stay [Music] primed