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TradingCanyon Evaluate
Ease of Use
High quality
Worth
Abstract
TradingCanyon is a buying and selling software program that was established on account of a honest curiosity in buying and selling and the creation of algorithmic scripts that precisely forecast market worth adjustments. TradingCanyon options quite a lot of technical indicators designed to supply simple purchase and promote indicators that work with all chart timeframes. Be taught all the pieces you’ll want to know earlier than you dive in by studying our full TradingCanyon evaluate.
Execs
10 momentum indicators with purchase and promote indicators
Indicators are built-in into TradingView
Alerts are pretty correct at predicting worth tendencies
Indicators work throughout any timeframe or asset
7-day free trial
Cons
No details about how the symptoms differ
Doesn’t supply backtesting information to evaluate indicators’ accuracy
TradingCanyon develops proprietary technical indicators that you need to use on TradingView charts. The symptoms supply easy-to-use purchase and promote indicators and are designed to work throughout all chart timeframes. All of TradingCanyon’s indicators are supposed for momentum buying and selling and there isn’t a number of distinction between them.
Can TradingCanyon assist you to commerce extra profitably? Our TradingCanyon evaluate will assist you to determine.
TradingCanyon Pricing Choices
TradingCanyon prices $59 monthly, $149 per quarter, or $469 per 12 months. You possibly can check out the software program free for 7 days.
You have to have a TradingView account with a view to use TradingCanyon indicators. TradingView gives a free plan with restricted charting capabilities. Paid plans begin at $12.95 monthly and you may check out any paid plan with a 30-day trial.
Notice that it may well take as much as 24 hours for TradingCanyon indicators to turn out to be out there in your TradingView account after you enroll.
TradingCanyon Options
TradingCanyon gives 10 customized momentum indicators for TradingView charts:
Tremendous Alpha
Adaptive Delta
Core Dimension
Sigma Management
Buying and selling Edge
Market Radar
Buying and selling Zone
Extremely Development
Dynamic Drive
Scalp Dealer Professional
The entire indicators show purchase and promote indicators in your charts by default. TradingCanyon doesn’t supply a lot rationalization about how these indicators differ or when to make use of each. Notably, the symptoms can be utilized on any TradingView charts, together with inventory, foreign exchange, and crypto charts.
Every of TradingCanyon’s indicators seems to do a fairly good job of figuring out tendencies. We discovered some cases the place the indicators exit too early and depart cash on the desk, however only a few instances the place the indicators would have led to important losses. The indicators loosely align with MACD crossovers, however they’re typically extra correct than utilizing MACD by itself.
It’s unlikely that you simply’ll want all 10 indicators. They do challenge barely distinct buying and selling indicators, however there’s a number of overlap between them. Nevertheless, there will be some benefit to utilizing two or three indicators on the identical time, because you’ll get extra indicators and the symptoms can verify one another.
One good characteristic is you can modify the shapes and colours for every indicator’s indicators. This makes it simpler to tell apart indicators when you use a number of TradingCanyon indicators on a single chart.
It’s also possible to construct alerts round TradingCanyon’s purchase and promote indicators. You possibly can obtain alerts as a notification inside TradingView, an e mail, or a textual content message.
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TradingCanyon Platform Differentiators
TradingCanyon’s indicators supply dependable purchase and promote indicators for momentum buying and selling. Whereas the symptoms are usually not particularly customizable, you possibly can mix a number of indicators on a single chart or mix them with every other TradingView indicators.
Whereas TradingCanyon’s indicators seem to work reliably, they’re not groundbreaking. SimpleAlgo and LuxAlgo supply comparable indicators and buying and selling indicators for TradingView charts. It’s also possible to discover TradingView’s built-in library of community-contributed indicators or create your individual indicators utilizing TradingView’s script editor.
What Kind of Dealer is TradingCanyon Greatest For?
TradingCanyon’s indicators can work effectively for momentum merchants throughout quite a lot of timeframes. They make it straightforward to determine the beginning and finish of a pattern, usually earlier than it’s fully obvious utilizing widespread indicators like MACD. TradingCanyon’s indicators aren’t excellent, however in our expertise, they are typically overly conservative slightly than overly aggressive. Which means chances are you’ll be extra prone to depart earnings on the desk than take a giant loss utilizing these indicators.
Notably, TradingCanyon indicators can be utilized for any asset sort that TradingView helps. Which means they are often helpful not just for inventory merchants, but in addition for foreign exchange and crypto merchants.
To get essentially the most out of TradingCanyon, you’ll probably want a premium TradingView subscription. This lets you mix TradingCanyon indicators with different indicators and arrange extra alerts. The mixed worth of TradingCanyon and TradingView collectively will be reasonably costly, so we’d suggest that merchants have a minimum of $5,000 of their buying and selling account to make these instruments worthwhile.
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