According to an official press release, trading indicator service Chart Prime has completed the acquisition of Vital Algo Trading, a pioneer in algorithmic trading technology. The deal aims to strengthen Chart Prime's position in the trading indicator industry by integrating Vital Algo's utility-focused technology, which prioritizes practical tools over 'get rich quick' approaches.
New Product: Four Intelligent Indicators
Leveraging Vital Algo's technology as its backbone, Chart Prime has launched a refreshed product featuring four major indicators with impressive new capabilities:
● Peak Seeker V2.0 – A fully customizable indicator offering two distinct algorithms. It performs complex calculations to identify optimal trade entries near market tops and bottoms, adding a strong layer of confluence to any trading strategy.
● Pattern Detection – Accurately identifies wedges, triangles, and channels that might otherwise go unnoticed. Future updates will include breakout target extrapolations and additional harmonic patterns.
● Trend Detection – Provides a reliable method for receiving trend confirmation and reversal warnings. Traders can switch between trend mode, reversal mode, or both simultaneously, adapting to various trading frequencies.
● Dynamic Support and Resistance – An algorithm automatically plots dynamic support and resistance lines based on areas of high market liquidity, updating as conditions change.
Cross-Market Integration and Crypto Features
Recognizing the inextricable link between cryptocurrency markets and traditional equity markets (e.g., NASDAQ, S&P 500), Chart Prime has introduced an External Equity Market Influence Indicator. This algorithm generates 'buy' and 'sell' pressure warnings on any cryptocurrency trading pair, keeping traders informed of macro factors affecting crypto price action.
Additionally, the Correlation Strength Dashboard displays the direction and strength of key correlations between assets, indices, and commodities, guiding trading decisions. The Custom Oscillator merges the best attributes of MACD and RSI, revealing divergences and overbought/oversold conditions that conventional oscillators often miss.
“At Chart Prime, we put a considerable emphasis on the concept of confluence—the combination of multiple strategies and ideas into one complete strategy,” said Alex Fernandez, head of Chart Prime. “All of our indicators are designed with customization and synergy in mind. Traders can easily develop their own winning strategy by requiring several signals to be present before making a trade. Scalp traders, swing traders, and even long-term ‘HODL’ investors can all benefit from Chart Prime’s impressive trading suite.”
As a launch promotion, Chart Prime is offering a 20% discount on the first payment for new subscribers who use promo code CPPRESS22 before June 30, 2022. For more information, visit chartprime.com or watch a live stream demonstrating the indicators in action.
Disclaimer: This is a press release. Readers should conduct their own due diligence before taking any actions related to the promoted company or any of its affiliates or services.