The 3 of the most coveted indicators for crypto are now live on Aurox.. For FREE! These indicators cost a whopping $1500 for a lifetime license, but we’re making them completely free to use!
There is a lot to cover in this article, but pay attention, as these indicators can do a lot of the grunt work for you. They can help predict divergences, trends, and give you an edge when trading.
Shout out to one of our Aurox users, CryptoChrispy, for creating this incredible guide
Cypher A is comprised of 8 different EMA ribbons. These ribbons change color based on the trend of the market. Cipher A also has multiple symbols that populate on the candle stick chart to give a visual cue of what could happen in the market.
EMA Ribbon: 8 different EMA values, editable to your choosing. In its default settings, the ribbon color shows what trend we are in.
– Blue or White = bullish
– Grey = bearish
Yellow/Green Diamond: bullish continuation
Red Diamond: trend weakening.
Green Circle: bullish indicator, if followed by a yellow/green diamond, a breakout is possible.
Red X: Bearish indicator, if followed by a red diamond, a breakdown is possible.
Blue Triangle: Trend reversal indicator, momentum is decreasing, and a reversal is near
Blood Diamond (large red diamond): Bearish indicator, if paired or followed with a red x or smaller diamond, a break downward is likely.
Cipher A looks great visually, however… Cipher B is where you really make most of your trades from.
The two best parts from Cipher A:
Blue triangles to prepare for a reversal. If you see this, make sure you have your stop losses set.
EMA ribbon to help detect trends.
– Hint: disabling all ribbons except 4, 5, and 6, still allows us to see the trend without the chart being too busy.
Cypher B
Cipher B is a combination of multiple oscillators in one. There are multiple waves to pay attention to.
At first look, this can look very chaotic and confusing, but let’s break things down one by one.
Blue waves: Momentum wave.
– Commonly used as a primary indicator
Red and green dots (on waves): wave/RSI crosses.
– Red = price is currently moving lower.
– Green = price is currently moving higher
– Used as entry and exit points.
Green and red lines on waves: hidden divergences
– Assist with the blue wave trading strategy.
Floating Dots above/below blue waves
– Green = local bottom, look for additional buy indications
– Red = local top, look for additional short indications
Yellow Waves: Volume Weighted Average Price (VWAP)
– Commonly used as a primary indicator, especially on shorter time frames
Green and red waves: Money flow indicator (Green Money flowing in, red money flowing out)
– Can be used as a standalone indicator, can be used with VWAP.
Blue/Purple line: Stoch RSI
– Not necessary and can be disabled. We will discuss this in this guide, but we do not personally use them for the main strategies.
– When the Stoch RSI is low, and crosses to go up (turn blue), you buy.
– When the Stoch RSI is high and crosses to go lower (turn purple), you sell. Simple and can work as its own strategy.
Please Note: Some of the triggers above are based on lagging indicators such as RSI divergences. That means some of these dots and triggers will not display live but rather 2 intervals back. This does not mean that it’s “repainting”, it’s simply because certain indicators are lagging indicators. Action can still be taken on lagging indicators. It should not impact the main strategies outlined below. If you have any questions, please let us know
For this indicator, you are looking for three waves in total:
Wave One and Two on the same side of the Zero line.
The Gap between the two waves on the other side of the Zero line.
Waves below the Zero line indicate a long.
Waves above the Zero line indicate a short.
You can see how this indicator works in the three trades above.
Rules for this strategy:
The first wave must be bigger than the second wave (the wave that follows the gap) to enter a position.
This is not always true, and sometimes you could take a position without all three waves, but it isn’t the safest method. Example would be Wave 1 in Yellow circled above. The far-left part of the blue wave could have been your first indication, and then the green dot circled could have been your entry position for a long. This works in some instances, but not all. That is why we typically look for a gap.
Example Trades From Above
Trade 1
We took a long on trade 1, denoted by the yellow on the chart above. The reason for this trade are as follows:
Wave 1 — Large blue wave below the zero line.
The Gap — A blue wave above the zero line on the other side.
Wave 2 — Blue wave on the same side of the zero line as the first wave.
Entry Position: You are looking for the white part of the wave, to cross the blue part of the wave (indicated by the green dot).
Stop Loss: This should be the support just prior to this move.
Exit: You should be looking at the next wave above the zero line, when the white crosses the blue on the wave (indicated by the red dot).
Note: This trade could have been skipped due to the head and shoulders present. In these situations, use your own due diligence and experiences to decide whether to enter the trade.
Trade 2
We took a short on trade 2, denoted by the red on the chart above. The reason for this trade are as follows:
Wave 1 — Large blue wave above the zero line
The Gap — A blue wave gap below the zero line
Wave 2 — Blue wave on the same side of the zero line as the first wave.
Entry Position: When the white crosses the blue on the wave (indicated by a red dot).
Exit: You should be looking at the next wave below the zero line, when the white crosses the blue on the wave (indicated by the green dot).
Trade 3
The same exact concept applies to this as Trade 1. In this trade, the gap for Trade 3 was also involved as Wave 2 in Trade 2. Depending how active you are trading, you could use waves back to back if they meet the trade criteria
