[System] SpaceGPS Satellite

SpaceGPS Satellite marks our debut into Order Flow systems, crafted after an extensive investment of time and effort. The name itself reflects its ability to assist traders in mapping market movements and uncovering trends in the constantly shifting trading environment.

Think of the system’s volume analysis charts as satellites circling the “Earth,” where price movements symbolize the dynamic forces of the market. Its dual-layer support and resistance zones resemble the Earth’s atmospheric layers, offering key price levels and providing valuable insights into market behavior to help you make more informed decisions.

What makes it stand out?

• Support and resistance zones are split into 2 distinct levels: Basic and Extreme.
• These zones are derived from the current price level, not historical data.
• Advanced algorithms generate entry and momentum signals through precise volume analysis.
• The main plot is essential for determining trend direction, identifying support/resistance zones, and setting trailing stop levels.

What does it offer?

• Reliable trend identification to guide your trading decisions.
• Real-time establishment of support/resistance zones using live price movement, enabling quicker identification of potential trades.
• 2 levels of support/resistance — Basic and Extreme — for spotting areas with higher buying or selling pressure.
• Momentum signals generated from candles with notable volume, helping you assess buying and selling pressure.
• Delivers dependable pullback signals derived from volume analysis, offering a clearer view of price movements.
• Clear and intuitive interface, delivering a smooth, lag-free trading experience.

Signal mechanism

1. Trend Identification

The main plot offers a simple visual guide to identify trend direction. An uptrend starts when the plot changes from pink to blue, while a downtrend begins when it shifts from blue to pink.

2. 2-level Support/Resistance Zones

A support or resistance zone is marked when the main plot flattens and is confirmed when a candle closes beyond the zone.

The Extreme zone represents stronger support or resistance and is harder to break through than the Basic zone. If the price breaks through the Extreme zone, the support/resistance zone is invalidated.

3. Pullback signals

Pullback signals follow the “Follow the Trend” principle. When the price pulls back to a support or resistance zone, the system analyzes the volume in that zone and identifies the candle with significant volume to generate an entry signal.

• A Buy signal is triggered when a candle with high buying volume appears in the Basic or Extreme support zone.
• A Sell signal is triggered when a candle with high selling volume appears in the Basic or Extreme resistance zone.

4. Momentum signals

Momentum signals highlight shifts in price momentum based on volume changes.

• Positive momentum signals occur when buy volume exceeds sell volume and is the highest among the last N candles.
• Negative momentum signals appear when sell volume exceeds buy volume and is the highest among the last N candles.

SpaceGPS Satellite answers the crucial question: “When is a support or resistance zone truly broken?”

By applying advanced volume analysis with the “Follow the Trend” principle, SpaceGPS Satellite provides trustworthy trading signals and alerts.

Dedicated NinjaScript Signals

• Signal_Trend: 1 = uptrend, -1 = downtrend
• Signal_Pullback: 1 = uptrend pullback, -1 = downtrend pullback, 0 = no signal
• Signal_Strong_Momentum: 1 = bullish strong momentum, -1 = bearish strong momentum, 0 = no signal
• Signal_Trade: 2 = uptrend pullback, -2 = downtrend pullback, 1 = uptrend start, -1 = downtrend start, 0 = no signal

Compatibility

• Instruments: futures, stocks, indices
• Interval types: timebased or non-timebased, standard or custom
• Chart styles: whatever

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Media

SpaceGPS Satellite

30 photos

Changelog

• 09 Nov 2024 – The system was released (built new).