Technical Radar

Technical Radar leverages advanced AI to provide sophisticated technical analysis through two powerful indicators: RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence). This tool helps traders identify potential entry and exit points with greater precision.

Key Components

The following tab includes explanations of two key components of Technical radar:

RSI Indicator

What is RSI (Relative Strength Index)? A momentum indicator measuring if an asset is overbought (above 70) or oversold (below 30) by comparing recent price changes.

Highlights of Wisdomise's RSI Indicator:

• Visual Heatmap showing market conditions across multiple timeframes (15m, 30m, 1h, 4h, and 1d)

• Color-coded zones:

  • Green (Oversold Area)

  • Red (Overbought Area)

  • Price Change indicators

  • Divergence detection (Bullish/Bearish)

• Real-time RSI readings for quick market assessment

• Clear visualization of oversold and overbought conditions

MACD Indicator

What is MACD (Moving Average Convergence Divergence)? A trend-following indicator that identifies potential trend shifts by showing the relationship between two price moving averages.

Highlights of Wisdomise's MACD Indicator:

• Advanced signal detection for trend reversals

• Split view of Bullish and Bearish confirmations

• Signal Line analysis for momentum shifts

• Detailed market condition descriptions

• Price trend correlation indicators

Market Signals

The following explains two varieties of market signals found in both indicators.

Bullish Confirmation:

• Identifies potential buying opportunities

• Detects momentum shifts indicating bullish trends

• Categories: "Cheap & Bullish," "Cheap," and "Bullish"

• Provides straightforward entry point suggestions with supporting data

Bearish Confirmation:

• Spots potential selling points

• Recognizes weakening momentum patterns

• Categories: "Expensive & Bearish," "Expensive," and "Bearish"

• Offers precise exit suggestions based on technical analysis

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Pro Tips:

• Use multiple timeframes to confirm trends

• Cross-reference RSI and MACD signals for stronger confirmation

• Pay attention to divergence patterns for early trend reversal signals

• Monitor both indicators together for comprehensive market analysis

Coming Soon: Advanced Filter functionality for even more precise technical analysis and customized screening options.

Remember: Technical Radar is designed to complement your trading strategy with AI-enhanced insights, not replace thorough market analysis and risk management practices.