How the AllCryptoSignals Pressure Gauge Works
The VPG has two main features. The first is an area chart that uses a custom algorithm to detect buying, selling and pressure. In principle, for "long" trading, it's best to enter when buying activity is trending up. With the VPG , you'll always know when that's the case. You'll have much safer entry points for trades, whether you are trading on 1m, 1h or 1D periods.
The second feature is a confirmation alert that indicates when buying pressure is rapidly increasing. For conservative traders, this offers extra assurance that buyers are moving in. When used on short periods like 1m, this also helps risky traders to catch price pumps.
The VPG supports TradingView Alerts on both the main algorithm and the rapid increase confirmation signal. You can set these alerts to reflect your trading style and risk tolerance. Best of all, there is no repainting of any historical chart data.
In the LINKBTC chart above, you can see the VPG in action over an 8-hour span on 3 minute periods. Although the chart is technically "flat," the VPG signaled 4 safe entry points represented by vertical blue lines that resulted in a total gain of 20%.
How To Use the AllCryptoSignals Pressure Gauge
Step 1: First, apply the VPG to your chart and period of choice. This indicator works with charts of any period, from 1 minute onwards. I recommend using regular candles.
Step 2: Next, click the "Format" gear to access the VPG settings. The first setting you will want to tweak is the "Periods for Moving Average Calculation" setting. Try adjusting this to see how it changes the area chart. Setting a lower number will provide faster signals, but increases the chance of false positives. Setting a higher number reduces the number of signals and with lower altcoin pairs, can lead to late entries.
NOTE: this indicator's algorithm does consider trade . If you trade with short periods like 1m with low-volume altcoins, you will want to adjust this setting.
Step 3: If you wish to use the Rapid Signal Rise Modifier, you can change this setting as well. The number reflects the distance that the indicator has moved over the past couple of periods. Again, you will need to adjust this to reflect your risk tolerance, trading pairs and periods. This signal appears as a magenta-colored cross at the top of the indicator area.
For example: if you set this to "50", then you would receive a signal if the area chart recently moved from -40 to 10, or -30 to 20, or -14 to 61. NOTE: the chart MUST cross from negative to positive for this signal to show up!
Step 4: Finally, you can set alerts to notify you when the time is right. Open the Alert settings for your chart. In "Condition," select the VPG . Here, you can customize the alerts to your liking for both the VP Gauge and the RSR Modifier.
For example: I suggest trying the VP Gauge on "Crossing Up" over the "Value" of 0. This is a relatively safe alert, especially on longer periods. If you wish to get earlier notice, try a "Crossing Up" "Value" of "-5".
IMPORTANT NOTE ABOUT ALERTS: I strongly recommend that you select "Once Per Bar Close" for your alert settings. Using "Only Once," "Once Per Bar," and "Once Per Minute" can potentially result in false positives as the VPG will be reading trade information in the current period.
Try It for 24 Hours
Access to the AllCryptoSignals Pressure Gauge is limited to members of our community, and a monthly donation is required. However, I'm happy to share trial access for 24 hours if you're interested in playing around and sharing your feedback.
Simply send me a message here on TradingView, and I'll set you up. Looking forward to chatting with you!
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