Hello guys,
Just as i have promised on my resumption post, i will be educating us on few basics of crypto currency trading. Blurt is a crypto currency and for that reason, it will be wise if all of us learn how to trade it. Crypto currencies as we all know is very volitile and if you do not use the appropriate method or strategies in its trading you may end up loosing a whole lots of money. As a business personel, our major aim is to make profit in all our trade and even if we are to incur any form of loos it should be as little as possible such that we can be able to withstand.
Just as i have promised on my resumption post, i will be educating us on few basics of crypto currency trading. Blurt is a crypto currency and for that reason, it will be wise if all of us learn how to trade it. Crypto currencies as we all know is very volitile and if you do not use the appropriate method or strategies in its trading you may end up loosing a whole lots of money. As a business personel, our major aim is to make profit in all our trade and even if we are to incur any form of loos it should be as little as possible such that we can be able to withstand.
Median Indicator
In trading, techinical indicators are very important because they help to give us signal as at when to enter a trade and also when to exit the trade. The usefulness of technical indicators in trading can never be overemphasised because that is what almost every trade who wants to make profit and who understand the crypto market uses. Today i will be discussing just one of this technical indicator and how signal for buy and sell are given and also when to exit the market as a buyer or as a seller.
Median Indicator is a type of indicator that present its buy and sell signal using two different colour cloud. This means that the signals are presented in form of a cloud. For buy option, the Median indicator produces a green cloud colour whereas in the case of sell signal, the indicator gives a purple signal. We are going to look at step by step how to add this indicator to a chart and how to place our buy and sell order.
Steps to add Median Indicator to a chart
- To add the Median indicator to a chart, click on the indicator option on the top of the chart page, as seen in the screenshot below.
- A pop-up menu for search option will display as seen in the screenshot below. Search for the key word Median and click on the first one you see above.
- Immediately that is down, clost the pop-up menu and then you will see the indicator added to your chart as it is in the schreenshot below
How To Place a Buy and Sell Order
Just as i have earlier explained, the cloud colour determines the signal of the market. When the cloud is greenish it implies a bullish trend movement and for that reason a buy entry can be made. Lets consider the buy entry order in the image below.
Similarly, in the case of sell order, the cloud must be purple in colour. When we notice a purple cloud colour, it is an evidence that the asset at this point is moving in a bearish direction and for that reason a sell entry can be made. lets consider the sell entry order in the image below.
The Median indicator is indeed a very unique indicator used by many traders to spot the points of buy entry and sell entry as well as the exit of the trade. In this tutorial i have been able to show us few steps on how the median indicator can be added to a chart and even use in the chart as well to buy and sell our asset. It is important to mention here that no indicator is 100% effective and because of that, it is not recommended to use this indicators as stand alone tools instead we should learn to combine it with other indicators or strategies to be certain of the signal generated. We will talk more on that on my next post.
Finally, i want to appreciate all those who have been supporting me for a while now @leifasaur, @ctime, @obikay and @chibuzorwisdom. I promise to contiune creating quality content that will help all blurtians espcially the newbies understand how the crypto market works.