Hello, welcome to Steemit Crypto Academy Season 5, Week 6.
It is another great chance to learn. Thanks to Prof @reddileep.

Define VuManChu Cipher B Indicator in your own words.

The sole aim of every trader both in crypto, stock and forex market is to make a very high profit, but the truth must be told that if you are not making a profit as a trader in the market then you must be seriously making losses which is not pleasant to hear and experience as a trader. STrategies are needed for you to make a profit, strategy can be gotten from the technical analysis or the fundamental analysis.

Strategy is a key factor in trading and every successful trader must have an adequate strategy that he follows duly. SO today, we will be looking at a powerful indicator called the VuManChu Cipher B. The VuManChu Cipher B has proven to be a wonderful strategy that has been tested and trusted over the years and it has produced results on a steady level.

The VuManChu Cipher B strategy is made of different indicators which combined together to produce a wonderful result. This strategy is very colorful, as we go down we will see how it appears and how it can be used. The indicators that make up the VuManChu Cipher B strategy are the Relative Strength Indicator (RSI), Money Flow, Market Momentum, and the Market Volume. These indicators have there separate functions that they add to the strategy. The Strategy is used to predict if the market is on a bullish trend or a Bearish Trend.

Though in some trading platforms, we can not add more than 3 indicators but the VuManChu Cipher B needs 4 indicators, but we can still use it for analyzing our crypto chart beyond the challenges faced.

But there is an indicator called the Market Cipher indicator, this indicator is very complex and for you to use it, then you have to purchase it, With the help of the VuManChu Cipher B indicator, we can use it absolutely free of charge in the trading-view platform.

How to customize the VuManChu Cipher B Indicator according to our requirements?

(Screenshots required)

In this particular question, we will be using the trading-view platform for all our charts and illustrations.
These are the processes you need to follow in order for you to add your indicators and properly customize the strategy for your use.

• The first thing to do is to open the trading-view platform

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• Then select the “Fx Indicator” and type the VuManChu Cipher B and select it as it appears on the drop-down list.

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See how the VuManChu Cipher B looks likes

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The VUManChu Cipher B Indicator looks very colorful and very complex to understand, so we need to adjust for it to suit what we want to use it for. So we will click the setting(The gear icon ) on the VuManChu Cipher B indicator.

• Then the next thing to do is to untick the “show WT Regular Divergence” and the ‘ Show 2nd WT Regular Divergence”, because in this strategy, we are not using the Regular Divergence. But in another trading Strategy, we can use it depending on the setting and the requirement.

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• Then also untick the “Show Stochastic RSI” because we are not also using the Stochastic RSI. Immediately I untick the stochastic RSI the appearance became more clearer.

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• The next thing to do is to change some settings from the “Style” menu, so firstly you need to click on the Style icon so you can adjust some settings.
  From the Style drop-down list untick the VWAP, which means the Volume Weighted Average Price, because we are not also using it.

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• This is the last step, which is Unticking the “ MFI Bar Colours” indicator. The MFI stands for Money Flow Index colors, these show the colors at the lower part of the indicator.

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After that, you can press OK, then you will notice that the VuManChu Cipher B has become clearer and very easy to understand.

Explain the appearance of the VuManChu Cipher B Indicator through screenshots.

(You should Highlight each important part of this indicator by explaining their purpose)

The VuManChu Cipher B indicator is a wave trend indicator because it occupies most of the space in the indicator. The Wave Trend is made up of Blue Colour. The wave trend consists of 2 colors which the Dark blue and light blue color.

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At the point where the wave Trend, which can be represented with the colors crosses each other there is always a little dot with the colors Red and Green.

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Then if you watch closely at the Wave Trend also, you notice a Green and a Red cloud almost at the horizontal base of the VuManChu Cipher B Indicator. The Green cloud shows the Money is flowing into the asset at that particular time while the Red Cloud signifies that the money is flowing out of the asset. From proper understanding, you can see it in the chart below.

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Demonstrate your preparation for the Trading Strategy combining other indicators.

(Instead of showing the addition of indicators to the chart, you should explain the purpose of each indicator for this trading strategy.)

For we to prepare in other to use the VuManChu Cipher B. In this method, we are combining the indicator with two Exponential Moving Average Indicators (EMA). Both EMAs will have a period of 200 and 55-period moving averages respectively.

This is how to add the EMAs and customize their settings respectively.

• Firstly open your trading-view with your browser and select the “Fx Indicator” and search for EMA, make sure it is two.

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• Now you can now change the settings on the EMAs to suit the required settings. So we will change the settings, So click the gear icon which is the settings icon and change the period to 200 and I changed the color of the 200 Period to be Red Colour.

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The image below shows where the color was changed to red.

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• Change the settings for the second EMA to 50 periods and I changed the color to Yellow. the images

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This is where I changed the color to yellow.

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From the Above, the different indicators have their settings and uniqueness and purpose too. The Exponential moving averages serve as an Entry Point for the traders to use during trades. When the EMA 200 crosses above the EMA 50 it is an indication for sell order while if the EMA 200 crosses below the EMA 50, it is an indication for the buy. The EMA can also serve as Support and Resistance depending on its location in the Market. But for the VuManChu Cipher B indicator, the Green Dot can serve as an Exit point for the traders because this is where the most trend changes, and you can use the VuManChu Cipher B indicator to know if the money is flowing into an asset or out of an asset.

Graphically explain how to use VuManChu Cipher B Indicator for Successful Trading.

(Screenshots required)

I will be using the VuManChu Cipher B in conjunction with the EMAs I earlier explained and I will be taking the trade for both the buy and the sell options respectively.

Buy Order:

For me to successfully get the correct buy order, for the case of EMAs, the 55 period EMA has to be above the 200 EMA, which at this point the 200 EMA forms very strong support. With this condition you are good with the EMA then let go to the VuManChu Cipher B.
On the side of the VuManChu Cipher B indicator, the Money flow Index (MFI) should be green, which shows that there is an inflow of money to the asset. Which with time, the price will go up.
While on the Trend wave, you will notice the green dot, which is a clear indication of the bullish trend in the market. This means that buyers are currently in charge of the price at this moment.

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Sell Order:

For me to successfully get the correct buy order, for the case of EMAs , the 55 period EMA has to be below the 200 EMA, which at this point the 200 EMA forms a very strong resistance. With this condition you are good with the EMA then let go to the VuManChu Cipher B.
On the side of the VuManChu Cipher B indicator, the Money flow Index (MFI) should be red, which shows that there is an outflow of money to the asset. Which with time, the price will go down.

While on the Trend wave, you will notice the red dot, which is a clear indication of the bearish trend in the market. This means that sellers are currently in charge of the price at this moment.

Using the knowledge gained from previous lessons, do a better Technical Analysis combining this trading Strategy and make a real buy or sell order in a verified exchange.

(You should demonstrate all the relevant details including entry point, exit point, resistance lines, support lines, or any other trading pattern)

In this strategy, I am combining the VuManChu Cipher B indicator and the Exponential moving averages ( period 200 and 55).

I took sell order after the EMA 200 crossed above the EMA 55 which is an indication of a sell order, this is my first reason and at that point, the VuManChu Cipher B indicator’s MFI (Money flow index) is showing Red color which is an indicator that the Money is flowing out and the trend is on a downtrend. The Dot is also colored Red which is a sign of a downtrend.

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From a verified account I sold 10 USDT and you can see the

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The chart above was where I did my analysis and I place my trade exit which is my stop loss right below the resistance and used a Risk to reward ratio of the 1:1 to place my take profit.

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This is the result of the trade that I took

CONCLUSION

In conclusion, the VuManChu Cipher B strategy is the combination of the two EMA and the VuManChu Cipher B Indicator. The EMA has a period setting of 200 and 200, Which you have to meet their criteria by putting all the necessary settings in place. The beauty of the strategy is that you can use it to check the inflow and outflow of money of an asset. And it is an effective strategy that produces a lot of results when used properly.