Understanding Market Cipher Trading Symbols and Indicators



Cryptocurrency & Blockchain Forum
Jun 2017

When sharing technical analysis for different cryptocurrencies, Market Cipher Trading is used to analyze and decipher what's happening in the market. Market Cipher has proven to be a valuable tool for traders, as it combines multiple indicators into a comprehensive overview that overlays across chart data. To better understand what the different Market Cipher trading symbols and indicators mean, the shapes and symbols are explained below.

Market Cipher A
Market Cipher A is an EMA ribbon comprised of 8 EMAs that are blue/white during a bull market and gray during a bear market. The intersections of these lines can be very strong lagging indications, so we have programmed Cipher A to project symbols which correspond to various indications so you don’t have to manually interpret each bullish or bearish cross. It also gives a great visual of the trend, supplying you with strong mathematical support or resistance. Market Cipher A was made to easily analyze, isolate, and anticipate macro trends.
  • Blue Triangle - Reversal
  • Green Circle - Long
  • Red Diamond - Bearish Continuation
  • Red X - Short
  • Yellow Diamond - Bullish Continuation
  • Yellow X - Manipulation

Market Cipher B
Market Cipher B is an all-in-one oscillator allowing for more quality indications than ever before. It combines five algorithms (some well-known, some custom) that have all been fine-tuned and smoothed for optimal analysis and trading results. When all of the algorithms converge, Market Cipher B will project a “Green Dot” which will aid you in longing the dips in bull markets as well as temporarily exiting shorts in bear markets. The Green Dot is often accompanied by extreme sellers’ momentum and will warn you of potential market bottoms, giving you strong hands even when the night is at its darkest. Market Cipher B certainly excels on the small timeframes, but is a particularly deadly tool for isolating large swings in the market.
  • Little Circle - These appear at all WaveTrend wave crossings.
  • Green Circle - Bullish! The wavetrend waves are at the oversold level and have crossed up.
  • Red Circle - Bearish! The wavetrend waves are at the overbought level and have crossed down.
  • Gold/Orange Circle - Do not buy! When RSI is below 20, WaveTrend waves are below or equal to -80 and have crossed up after good bullish divergence.
  • Purple Triangle - This appears when a bullish or bearish divergence is formed and WaveTrend waves crosses at overbought and oversold points.

Market Cipher SR
Market Cipher SR (Support / Resistance) is a day trading strategy built for the hourly timeframe and below which heavily incorporates horizontal supports and resistances as well as Volume Weighted Average Price, otherwise known as VWAP. VWAP is a reliable day trader’s indicator that will help you to know your environment (whether it is a long day or a short day) and provide you regular opportunities to enter the market in either direction. This is due to the daily reset mechanic which not only accounts for intraday volatility but also gives the other side a chance to “take the reins” so to speak.

Free Download / Market Cipher


Site Admin
Apr 2017
Understanding Buy Signals
There are four types of buy signals, different sized green dots and the rare golden dot:
  • Small Green Circle: The small green dot is on the wavetrend, but doesn't have to be below the oversold level 1.
  • Big Green Circle: The big green dot is on the wavetrend, below the oversold level 1 (default -53).
  • Big Green Circle + Div: The big green dot is below the MFI bar because there is a bullish divergence on wavetrend/RSI/StochRSI (dependent on settings)
  • Golden Circle: The golden dot is when wavetrend only is below -75. Previous versions had wavetrend set to below -100, however this caused it to print too often.

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