Market Cipher by CryptoFace

Marketcipher is an indicator created by CryptoFace and his team (TwitterYoutube) to simplify crypto trading. The indicator is designed to work on TradingView. It has 4 main indicators – Marketcipher A, Marketcipher B, Marketcipher SR, Marketcipher DBSI.

How To Start With Market Cipher

Market Cipher is dedicated to TradingView so to be able to use it, you need to have a TradingView account. You can create your Tradingview account here if you don’t have one.

Once you have your account ready, you can sign up for Market Cipher. You can choose between 12 months subscription and a lifetime subscription. Both subscriptions offer the same, there are no limitations and the only difference is the subscription time.

Once you have everything ready, you will see all Market Cipher indicators in Invite-only Scripts.

Market Cipher Invite Only Scripts

Market Cipher Indicators

Market Cipher A

(Official text) Market Cipher A is an EMA ribbon comprised of 8 EMAs that are blue/white during a bull market and gray during a bear market. The intersections of these lines can be very strong lagging indications, so we have programmed Cipher A to project symbols that correspond to various indications so you don’t have to manually interpret each bullish or bearish cross.

Market Cipher A

Market Cipher B

(Official text) Market Cipher B is an all-in-one oscillator allowing for more quality indications than ever before. It combines five algorithms (some well-known, some custom) that have all been fine-tuned and smoothed for optimal analysis and trading results. When all of the algorithms converge, Market Cipher B will project a “Green Dot” which will aid you in longing the dips in bull markets as well as temporarily exiting shorts in bear markets. The Green Dot is often accompanied by extreme sellers’ momentum and will warn.

Market Cipher B

Market Cipher SR

(Official text) Market Cipher SR (Support / Resistance) is a day trading strategy built for the hourly timeframe and below which heavily incorporates horizontal supports and resistances as well as Volume Weighted Average Price, otherwise known as VWAP. VWAP is a reliable day trader’s indicator that will help you to know your environment (whether it is a long day or a short day) and provide you with regular opportunities to enter the market in either direction.

Market Cipher SR

Market Cipher DBSI

(Official text) The MarketCipher DBSI (Dual Band Strength Index) is an all-encompassing momentum indicator that uses a -5 to 34 score system to interpret the signals of 36 separate momentum indicators on a candle-by-candle basis. Bullish green momentum is displayed below the candlestick. Bearish red momentum is displayed above the candlestick. The current candle will be displayed in yellow for visual clarity. When the momentum scores switch from negative to positive in either direction, that is an important junction in the market where you may consider taking profits. If the momentum scores continue to increase in positivity in either direction, you may consider entering a trade in the direction of that impulse wave.

Market Cipher DBSI

How To Use Market Cipher

Market Cipher can and does come across as quite complicated. Market Cipher B has loads of lines, Market Cipher A can light up the chart like a Christmas Tree and Market Cipher DBSI gives you bunch of numbers on top. Luckily, it come across as complicated only until you go through in more detail. Then it becomes quite simple.

You also don’t need to use all of the indicators and you can also amend settings to fit your trading style. For example, I don’t use DBSI, SR and have Market Cipher A limited.

One of the best videos for completely new traders using Market Cipher is from one of CryptoFace’s friends.

What Can You Trade With Market Cipher

Market Cipher is an indicator that works the best for crypto trading – trading bitcoin, Ethereum, Solana, or other altcoins.

You can also use it to trade oil, stocks (like Tesla), gold, silver.

I’ve also tested it on forex pairs – EURUSD, GBPJPY, and others – but I never got a clear signal so won’t recommend it if somebody has found a way feel free to drop me a message and I’ll be happy to include it here.

Conclusion

Market Cipher is a great indicator that will support your trading decisions and give you good profits. It’s harder to understand at the start but if you watch CryptoFace’s videos and join his Discord you will quickly find your way through. 

It’s primarily designed for crypto traders and that’s where it provides the best benefit IMHO.