Raishiz MC Version
All the information here in this section will be related to Raishiz Crypto MC Version.
Introduction
This indicator 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. This indicator must be used with either one indicator Raishiz Intraday or Raishiz Crypto 15M-4H to achieve optimal results.
If you have already purchased our indicators, then please refer to the video in which our representative have explained how you can have multiple confirmations before getting into a trade.
Raishiz MC Version is intended for Momentum Trading, and can be used with Regular Candles or Heiken Ashi Candles.
Key features
6 oscillators optimized and consolidated into one
Green Dot market bottoms
Red Dot market tops
Green/Red Dots are considered as potential Buy/Sell
Ultimate market barometer and trade initiator
Money Flow Wave (Red/Green) The Money Flow Wave is a momentum indicator and its intent is to display the market condition based on the flow of money into and out of the market. The wave range travels between 100 and -100. Green indicates money flowing in and red indicates money flowing out.
Momentum Waves (Blue Color) The Momentum Waves are used to measure and visually display the strength and direction of an asset. This indicator breaks momentum down into two waves. The light blue wave is intended to display momentum as a leading wave and the blue wave displays momentum as a lagging wave. By overlaying the two, this helps to show when an assets strength is increasing (oversold) or when its nearing exhaustion (overbought). Momentum Waves can also be used to easily spot divergent price action.
100% Scale Level The 100% Scale Level is the maximum level that the RSI and Stochastic indicators travel. The center line is zero.
RSI The RSI indicator used in Raishiz MC Version is an oscillator and more of a heavily modified and smooth stochastic. The modifications combine the traits of the traditional RSI making it a more responsive and effective signal in Raishiz MC Version. This indicator ranges between zero and 100. A level above 80 is considered to be overbought while a reading below 20 is considered to be oversold. This can be useful in spotting short term trends and divergences. Stochastics The Stochastics used in Raishiz MC Version is a smoothed oscillator indicator that ranges between zero and 100. A level above 80 is considered to be overbought while a reading below 20 is considered to be oversold. Stochastics can be useful in spotting short term trends. When the Stochastics is above 50, price action is seen as trending higher and when crossing below 50, price is seen as trending lower. The strength of the signal is show by the green and red line color.
Overbought Level The Overbought Level is an alert enabled line that can be adjusted up or down in the Raishiz MC Version settings. Setting an alert on this level can provide early notification that the asset is approaching a key level. VWAP Momentum Wave This indicator is intended to simulate some aspects of the traditional VWAP but is based on momentum. This indicator should be used in conjunction and confirmed with other Raishiz MC Version indicators. Success has been found longing when the wave crosses over zero and shorting when the wave crosses under zero. This is the opposite of the tradition VWAP whereas a rule you only short above VWAP and long when below. Money Flow Bar The Money Flow Bar is a simplified display of the Money Flow Wave indicator. This bar is used to show the zero-crossing location of the wave more clearly. Oversold Level The Oversold Level is an alert enabled line that can be adjusted up or down in the Raishiz MC Version settings. The settings can be found at the top left corner of the indicator by hovering over the indicator name and clicking on the cog wheel symbol as shown in photo #2. Instructions on setting up an alert can be found at the end of this guide. Momentum Green Dot The Momentum Green Dot is a bullish indicator that is alert enabled. This indicator is strongest when deep into the oversold area indicating that a reversal could be near. This indication is also useful when used as a pivot or anchor point waiting for a trigger wave to form or to spot price divergence. Information on anchor and trigger waves as well as spotting divergences can be found in the video section at the end of this guide. Momentum Wave Crossing The Momentum Wave Crossing is an alert enabled condition that triggers a small red dot when the light blue wave crosses under the blue momentum wave indicating price is currently moving lower. A small green dot will print when the light blue momentum wave crosses over the blue wave indicating price action is currently moving higher. Instructions on setting up an alert can be found at the end of this guide.
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