Thank you for purchasing an indicator or bundle from Kenzing®. This brief introduction contains instructions on how the indicator functions and how to adjust the input values that allow you to personalize the indicator according to your trading strategy. Information on how to access the indicator after purchase is not included in this document and can be found in the Read Me FAQ document.
Understanding the Crypto-Adjusted Parabolic Stop and Reverse (CAPSAR)
PSAR calculations on each of the six largest cryptocurrencies by market-cap are monitored.
The CAPSAR will appear and stay visible when most of the monitored cryptocurrencies in the Crypto-Index conform in the same sentiment. Each of the six cryptocurrencies are weighted equally.
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- Litecoin (LTC)
- Nem Coin (XEM)
The use of this indicator is to minimize the impact of market noise on the occurrence of the PSAR signal by including the Crypto-Index as an element that represents the cryptocurrency market.
“Used in the context of equities, noise signifies market activity caused by program trading, dividend payments or other phenomena that is not reflective of overall market sentiment. In this context, it is also known as “market noise.” – Excerpt courtesy of Investopedia®