Offset Candle
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Last updated
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Runbot now introduces a powerful new feature called Offset Candle. This functionality allows indicator calculations even before the candle officially closes, providing Runbot members with an early advantage edge over retail traders.
Early Trading Opportunities: Trade before candle closure to get ahead of other traders, resulting in reduced slippage, improved entry prices and more, it's an unique edge on the market.
Avoid Candle Manipulation: Avoid deceptive price movements occurring in the final moments of candle formation that can produce misleading indicator signals.
Compute Triggers: Select your preferred timing to compute triggers:
At candle close
1 minutes before close
5 minutes before close
15 minutes before close
Some indicators might provide you different minutes / seconds of candle close.
Calculate Close Price (Extrapolation Methods): Choose the extrapolation method best suited for your market conditions to predict the candle's closing price effectively:
Sinewave Extrapolation: Ideal for sideways or ranging markets.
Parabolic (Quadratic) Extrapolation: Optimal in trending market conditions.
Linear Extrapolation: Balanced approach effective in both ranging and trending markets.
Last Trade Price: Best suited for short timeframes and low liquidity markets.
Indicators and tickers can now be visualized directly on your charts with the selected offset.
You can individually adjust the offset mode for market data per indicator, allowing tailored and precise trading strategies.
Open your Market Data settings.
Choose your preferred Compute Trigger timing.
Select the appropriate Extrapolation Method based on market conditions.
Apply your settings and view indicators and triggers in real-time.
With this feature, Runbot equips you with the precision and adaptability needed to stay ahead of market movements and trade with enhanced confidence.
