TriggerCharts - BitCoin Ace

The TriggerCharts BitCoin Ace indicator is a structured and logical approach to analyzing and interpreting the markets that has its foundation in the principles of Auction Market Theory and Market Profile®, developed by legendary floor trader, Peter Steidlmayer.

Although Auction Market Theory and Market Profile® tend to be very complex in their typical presentation—and take years to understand and master—TriggerCharts has distilled and simplified these fundamentals into precision trading tools that reveal what you need to know about the actions of markets.

The goals of the TriggerCharts BitCoin Ace are to objectively read and interpret the market according to the tenants of market structure, Auction Market Theory, volume, and volatility analysis.

TriggerCharts BitCoin Ace

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BitCoin Ace displays a real-time representation of developing balance and imbalance areas by measuring volume-at-price, a statistical method for aggregating trading data that has its roots in Auction Market Theory and Market Profile®. BitCoin Ace “profiles” are displayed as a series of three horizontal lines encompassed within a shaded box. The profiles are calculated based on the price action from the previous profile and new profiles are derived from a proprietary swing and momentum algorithm that actively calculates the next BitCoin Ace profile.

When price is trading inside the BitCoin Ace profile, it depicts an interim state of market balance, an area of trade that is deemed fair to both sides. New profiles form after the market moves away from balance to imbalance when new valuations are detected from market data. When price goes into imbalance, either a new set of BitCoin Ace profiles will form or price will be pulled back into the existing profiles.

TriggerCharts BitCoin Ace
  • Specifically designed for profiling securities that have a volume component. However, if no volume exists, as in the case of BitCoin Indices, the indicator will shift to a time-at-price algorithm.
  • BitCoin Ace profiles are usable on all time frames.
  • Use to identify low risk, high probability areas to trade while measuring relative volatility.

TriggerCharts BitCoin Ace News Feed

BitCoin Ace News Feed displays a real-time feed of information gathered from various sources regarding BitCoin and other Crytpo-Currencies. Each news source can be toggled through by clicking on each of the tabs at the top.

Each news article can be clicked on and a new window will appear with the full article.

BitCoin News

TriggerCharts BitCoin Ace - Configurable Inputs

 TextOn  Determines whether or not assistive yellow text will be displayed in the upper left corner of the chart.
true = Text Will Be Displayed; false = Text Will Not Be Displayed.
Default = true
 POC  Determines whether or not the central (LIGHT BLUE) dotted line is displayed Default = true
 Lift  Determines whether or not the top unfair high (RED)dotted line is displayed Default = true
 Stall  Determines whether or not the bottom unfair low (GREEN)dotted line is displayed Default = true

TriggerCharts BitCoin Ace - Display

 Lift – Unfair High  Top dotted line indicates the unfair high area (RED)
 Cruise – Point of Control  Middle dotted line indicates the Point of Control (POC) (LIGHT BLUE)
 Stall -Unfair Low  Bottom dotted line indicates the unfair low area (GREEN)
 Gray Shaded Area  Indicates consolidation zones
 Left / Right Edge Colors  Indicates directional trend from previous BitCoin Ace Point of Control. (GREEN) = Trend Up; (RED) = Trend Down
 Red / Green Shaded Areas  Red / Green shaded areas above or below the dotted lines indicate potential entry zones.

TriggerCharts BitCoin Ace – Display Information

  • Top line indicates the unfair high area – Lift/Top
  • Center line indicates the Point of Control (POC) Cruise/Control
  • Bottom line indicates the unfair low area Stall/Bottom

To view configurable inputs within TradeStation:

  • Right-click within the chart where the indicator is present and choose “Format Analysis Technique”
  • Select the appropriate indicator and choose “Format”
  • Under the “Inputs” tab is where you will find the “Configurable Inputs”
  • Under the “Color” tab is where you will find the ability to customize the color display of the indicator.

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