Last updated on July 21st, 2023 at 09:01 pm
Is there a Free Version of Market Cipher?
Yes, there is! In 2023, the Market Cipher indicator now costs $600 for a 12-month subscription or $1500 for lifetime access. This is not exactly affordable for most people, so I’ve written this article on the best alternative indicators that offer much of the same functionality as Market Cipher and will cost you basically nothing.
These indicators are fully customisable and come down to an individual’s preferences and trading style on how to use them effectively.
Market Liberator
Market Liberator consists of three indicators ‘Market Liberator A’, ‘Market Liberator B’, and ‘Market Liberator S/R’. Market Liberator B is the most popular out of the three.
Market Liberator B
The Market Liberator B incorporates the following indicators:
The red dots on the top are buy signals, the bigger they are indicates how much bearish divergence is forming. The green dots on the bottom incidate the same for bullish convergence.
The blue waves show the momentum of the market. A yellow line is used to show the VWAP, whilst green and red lines represent the MFI to show the money moving in and out of the market.
How to get Market Liberator B
To access Market Liberator B, you need to make a donation of any amount (can be something small like $1). Go to https://marketliberator.xyz, send a donation to one of the provided addresses, and then fill out the form. You should receive an email within 48 hours with instructions on how to access the indicator.
How to use Market Liberator B
BlockChain Trading
VuManChu Cipher
Like Market Liberator, there are also three variations of VuManChu Cipher, ‘VuManChu Cipher A’, ‘VuMan Chu Cipher B + Divergences’, and ‘VuManChu Swing Free’. The most popular is Vuman Chu Cipher B + Divergences.
VumanChu Cipher B + Divergences
The VumanChu Cipher B + Divergences indicator incorporates the following indicators:
- Relative Strength Index (RSI)
- Stochastic RSI
- Money Flow Index (MFI)
- Volume Weighted Average Price (VWAP)
Like Market Liberator B, the red dots on the top are the buy signals, and the bigger they are indicate how much bearish divergence is forming. The green dots on the bottom do the same for bullish convergence.
Unlike Market Liberator, the red lines on the top will connect once the bearish divergence has formed whereas the green on the bottom will do the same for the bullish divergence. The thicker these lines are, the stronger the divergence that the indicator has spotted.
How to get VuManChu Cipher B + Divergences
VuManChu Cipher is open source on TradingView. Simply open the Advanced Chart of the asset you want to view, click Indicators and search for ‘VuManChu Cipher B + Divergences’.
How to use VuManChu Cipher B + Divergences
EzTrades
Final Thoughts
Both of these indicators are great options as market cipher alternatives. They are another tool for a trader’s toolbox. However, they mostly just package common existing indicators together into something flashy.
The best indicators are often free. If you have a good understanding of the RSI, MACD, MA, EMA VWAP, and Fibonacci you should be fine without a ‘Market Cipher’ tool. These Cipher-type indicators may not be required and could overcomplicate things.
However, since they basically don’t cost anything I recommend trying them both and seeing which one works best for you. Then, with the $600 that you have saved, buying some good books on trading or investing is a decent idea. I have compiled a list of our favourite books here.
