In the forthcoming update of the MarketCheese service, “Forecasts” have been redesigned, focusing on the author. The “Chart” widget has been provided with an option to disable auto-scrolling and apply new drawing objects, i.e. “Wedge” and “Expanding Channel”.

The “Forecasts” section

This section will be published with an emphasis on the author and the forecast’s title. We have enlarged the user’s icon and nickname, and also removed unnecessary elements. 

New drawing objects on the chart

New drawing objects have been added to the “Chart” widget, including «Wedge» and «Expanding channel». 

Wedge. This instrument is similar to a symmetrical triangle, with the trend lines converging at the top. As a rule, the pattern suggests that a trend is likely to reverse soon. It is reliable if the pattern has been forming for a long period. The direction of the breakdown level defines whether the analyzed asset is worth buying or selling. If the «Wedge» is descending, then the asset is bought, in case it is ascending — the asset is sold. 

The new drawing object will highlight the pattern in the analysis. So, there is an opportunity to make the right decision and share your thoughts by creating a forecast. The pattern style can be changed in the settings, along with the exact coordinates to be set. 

Expanding channel. This is another drawing object that highlights the pattern on the chart. It expresses uncertainty when there is no clearly defined trend. The pattern is often neglected by traders, but if handled correctly, it can predict price momentum with limited risks. 

Chart auto-scrolling 

A possibility to disable auto-scrolling of the “Chart” with quotes updating has been added to the widget settings. If auto-scrolling is disabled, the “Chart” won’t automatically move to the left after the new bar is formed. In case it is enabled, there will always be displayed the last formed bar. 

Description of Research 

All the rules for conducting research and evaluating indicators have been collected on the «Description of Research» page. 

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Bangkok was the venue for the largest fintech exhibition on September 13-15. iFX EXPO Asia 2022 brought together brokers, technology and legal service providers, representatives of banks and other market participants to exchange experience and knowledge, as well as attract new clients and partners. The agenda was filled with insightful topics:

– liquidity partnership,

– CRM systems for different platforms,

– MetaQuotes alternatives for White Label providers.

The UTIP specialists was able to showcase new development results, hold product presentations and elaborate on legal services.

iFX EXPO is one of the best opportunities to personally get acquainted with prospective partners and assess the competitive landscape. Exhibitions of this format are primarily focused on raising brand awareness and developing partnerships.

This is our first experience at the iFX EXPO in Bangkok. Someone first heard and got to know our company, someone came to the Booth already knowing us. Anyway, the Asian market is full of prospects for our company, and we won’t stop to canvass it.

Alexandra Nurulina

Lead sales manager

At iFX EXPO Asia 2022 we came into the spotlight as a successfully developing company with favorable conditions. Our boost was distinguished by the presence of our partners’ logos.

Many guests noted our well-developed partnership chain. We got more than 70+ partner contacts, met with current partners and discussed new conditions for our clients.

In my opinion, iFX EXPO has been and remains one of the most popular and at the same time effective formats of personal presence in the media space. When searching for the partners in our domain we basically draw attention on the company’s image in the market and a niche carved out in the media space. So, participating in the events of such scale is crucial to commercial success.

Ivan Noskov

The senior partnership specialist

In the latest MarketCheese service update we have added new drawing-type objects: «Ellipse» and «Path», and new comment-type objects: «Footnote» and «Notes».

Drawing-type objects: Ellipse

«Ellipse» is aimed at identifying current and past price patterns, trends and trend development on the chart.

Users can fix price motions and highlight the price change line in the following situation: when the price goes beyond the ellipse, a new price pattern or trend direction appears.

In the «Ellipse» settings you can change:

– shape;

– background color;

– transparency;

– edge detection.

Drawing-type objects: Path

The «Path» is shown in the line segments ended with an arrow. It highlights the series of trends or shows a random motion on the chart.

Start using tickers after selecting a starting point, placing the next ones and joining them. The points can be also added to the chart manually.

In the «Path» settings you can change:

— contour color;

— transparency;

— style;

— line-weight.

Comment-type objects: Footnote

A «Footnote» is a short comment. It looks like a rectangular «cloud» with a pointer to a specific comment point. It refers the comment to the specific area on the chart.

The «Footnote» automatically marks the price at a specific point.

Comment-type objects: Notes

«Notes» are similar to «Footnotes». The difference is only in the displayed elements compactness. In the inactive phase, «Notes» look like a geo-tag on the map. And when hovering the cursor, a rectangular «cloud» pops up with a comment.

«Notes» make the text layout more formatted on the chart and have a comment section referring to a specific date and time.

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