Announcement: 19 New Technical Indicators in HyperTrader 2.0

Disclaimer: Posts on the HyperTrader blog and associated HyperLinq websites are for educational and informational purposes only. These posts should not be taken as financial advice, nor are they meant to be viewed as trading advice. HyperLinq Inc. or the authors take no responsibility for any damages or losses.

At HyperLinq, we are continually adding new and useful features to HyperTrader, on top of updating and improving the current features. In this blog post, we take a look at the latest indicators that we are adding to v2.0 to help you guys improve -your cryptocurrency technical analysis.

Average Price

The Average Price indicator is simply an average of each day’s price. The Median Price and Weighted Close are similar indicators. The Average Price indicator provides a simple, single-line plot of the day’s average price.

Chaikin Volatility

The Chaikin Volatility is an indicator that was created by Marc Chaikin. This particular indicator measures volatility by looking at the price’s highs and lows in a particular time period.

Linear Regression Slope

The Linear Regression Slope is a centered oscillator type of indicator similar to momentum indicators. As indicated by its name, it “oscillates” or fluctuates above and below a central line drawn at 0. It can be used to measure the strength or weakness and direction of the momentum.

Majority Rule

The Majority Rules indicator (MJR) shows, in percent, the amount of days with rising prices in the chosen period of time and is often used to either confirm the trend of the underlying instrument (a rising value indicates an uptrend, while a falling value indicates a downtrend) or to signal an overbought or oversold.

Median Price

The Median Price indicator is simply the midpoint of each day’s price. The Typical Price and Weighted Close are similar indicators. The Median Price indicator provides a simple, single-line chart of the day’s “average price.” This average price is useful when you want a simpler view of prices.

Moving Average Adaptive

Moving Average Adaptive is designed not only to act as a moving average, but it also tracks the degree of noise in the trend and adjust accordingly.

Moving Average Double

The Double Exponential Moving Average is a technical indicator introduced by Patrick Mulloy in his January 1994 article “Smoothing Data With Faster Moving Averages” in Technical Analysis 

Moving Average Hamming

The Hamming, or weighted, moving average applies weighting factors to price data based on a function borrowed from spectral analysis. This function, known as Hamming, responds to the cyclical tendencies of data better than conventional moving averages by reducing the effect of erratic prices.

Moving Average Modified

A Modified Moving Average (MMA) (otherwise known as the Running Moving Average (RMA), or SMoothed Moving Average (SMMA)) is an indicator that shows the average value of a security’s price over a period of time.

Moving Average Multiple

The Moving Average Multiple is a technical indicator that identifies changing trends, breakouts, and trading opportunities in the price of an asset by combining two groups of moving averages (MA) with different time periods.

Moving Average Triple

The Triple Exponential Moving Average was developed by Patrick Mulloy. TEMA helps you identify trends. The TEMA is a triple smoothed exponential moving average, which reduces the lag between the indicator and the price action. TEMA is a custom setup, which is missing in many trading platforms.

Standard Deviation

Standard deviation is an indicator that measures the size of recent price moves of an asset, to predict how volatile the price may be in future. It can help you decide whether the volatility of the price is likely to increase or decrease.

Standard Error

The Standard Error indicator returns the statistical difference between the estimate and the actual price.

Standard Error Bands

Standard Error bands were invented by Jon Andersen as a trend following indicator. SE Bands are built around a linear regression line using the standard error of regression. First the linear regression value is calculated. Then a short term simple moving average of it is calculated to smooth it out.

Trend Strength Index

Trading in the direction of a strong trend reduces risk and increases profit potential. The average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator. After all, the trend may be your friend, but it sure helps to know who your friends are. In this article, we’ll examine the value of ADX as a trend strength indicator.

Typical Price

The Typical Price indicator is simply an average of each day’s price. The Median Price and Weighted Close are similar indicators.

Volatility Close-to-Close

This volatility is measured from historical prices, and the log returns of one day’s closing asset price from the previous day’s close. Volatility is the standard deviation in those returns. C-C Volatility is perhaps the simplest form of historical volatility used in options evaluation, but in many cases, it can produce less than desired results.

Volatility Index

The relative volatility index ( RVI ) is a volatility indicator that was developed by Donald Dorsey to indicate the direction of volatility. It is similar to the Relative Strength Index ( RSI ), except that it measures the standard deviation of prices changes over a period rather than the absolute price changes.

Volatility O-H-L-C

Open-High-Low-Close Volatility (OHLC Vol) is a much more complex calculation of historical volatility, and it uses an asset’s full open-high-low-close price history to calculate. The benefit of OHLC volatility calculation is that it incorporates more elements to get a better sense of what happened throughout the day.

These new features, along with many others, will be available in our V2.0. HyperTrader 2.0 promises to be the most advanced professional-grade desktop app for cryptocurrency traders.  Please leave your thoughts in the comments section below!

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