CoFo Scout
CoFo Scout is an unparalleled, breakthrough technology for monitoring market movements
CoFo Scout processes market data using proprietary tools. The final ranking of criteria within CoFo Scout is provided by analysis based on AI and Big Data.
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- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
- Find. Indicate. Create. Earn.
It is based on a specific algorithm for analyzing market information, which allows you to reduce many hours of analysis of asset pairs to a few seconds
Thus, the CoFo Scout enables you to analyze dozens of assets in various timeframes in a matter of seconds based on our proprietary technology, thus allowing you to identify potential local or global turning points
The CoFo Scout functionality
The CoFo Scout was developed by traders for traders and represents an intuitive dashboard. The table contains data on assets, timeframes, and analysis tools picked by the user
Assets
Assets are the main currency pairs of the Binance crypto exchange spot market
Timeframes
To determine the time interval within one bar, timeframes (TF) are used. Up to 12 TFs can be displayed on the dashboard simultaneously. Since varying price fluctuations occur with the same asset within different time intervals, we provide users with an extensive list of timeframes.
This list is customizable to analyze the state of the asset in different timeframes simultaneously. The Cofo Scout data updates at the close of each candle in the timeframe specified by the user
Analysis tools
Analysis tools are significant auxiliary tools for analyzing trading pairs. The Cofo Scout provides values for a plethora of analysis tools, including the following:
- RSI, to determine price momentum, as well as the oversold and overbought;
- KDJ, which allows you to forecast the most favorable entry points;
- MFI, to look for points where money is withdrawn or enters an asset;
- Many others, both famous and rare analysis tools
Values of analysis tools
The values of analysis tools showcase the projected direction of the asset price movement, obtained based on data from the analysis tools. They are evidenced as figures in cells with the corresponding color code.
Green and red colors, as well as their gradients, indicate the direction (Long/Short) and the strength of the analysis tools for a given timeframe and asset. When the algorithm cannot be identified as a dominant analysis tool, the missing values will be displayed in gray
How It works?
The formation of indicators for calculations within CoFo Scout is based on our unique indicators. Interpretation of results and ranking of parameters is performed through the use of AI and Big Data.
This way our system provides a foothold within a volatile market. And all this without needing gruesome calculations, technical analysis, and never-ending analytical forecasts.
All that remains for a trader after receiving data from CoFo Scout is to pay attention to the prevailing direction and dominance of indicators.
