This is a quick guide on the Mango Dashboard writen by Ajesh, a Seedling & an esteemed member of the Mango community. Ajesh is a seasoned trader who walks you through his process on how he utilizes the Mango Dashboard in score successful trades.
Introduction
I just wanted highlight how I have been using the dashboard in the last month or so, in the hope it will help somebody. The dashboard has a range of amazing features and can be used in many ways. Like many of you I have a full time job so do not have hours to search the charts. For the purpose of this write up I will be focusing on longs only.
Part of my daily routine
It is very tempting to go straight to the charts first thing in the morning. However, I like having a system/routine that I follow. So, the first thing I do is look at BTC on the dashboard (BTC is king). I then filter for longs only (in this juncture of the market), this keeps it simple for me. What the dashboard allows me to do is search hundreds of coins in just a few minutes and clicks – saving a huge amount of time. This then gives me a handful of charts to check out if I like the volatility profile.
Volatility profile
Colour | Volatility | Volatility Numbers |
|---|---|---|
BLUE | LOW | 1 - 40 |
AMBER | MEDIUM | 41 - 60 |
RED | HIGH | 61 - 100 |
Looking for a LONG Setup
The reason I like the profile on the right is that every timeframe is long and the volatility is super low (compression leads to expansion). To give me additional confidence we also have bullish ichimoku flags on the 12hr, 1d and 2d.
I look for the higher time frames to be long and the lower timeframes 4hr and 12hr to be neutral or long. In some cases the 4hr can even be short.
The reason I like the profile on the right is that every timeframe is long and the volatility is super low (compression leads to expansion). To give me additional confidence we also have bullish ichimoku flags on the 12hr, 1d and 2d.
This profile on the right would match the example of price action I was discussing. Where higher timeframes are long and the 4hr is short
Taking profits
When in a long once the volatility starts to become high (red) I start being cautious and begin to expect the trend to becoming to an end soon and can look to take profits. Of course using nothing in isolation. For example, if you were in a long and volatility was high you could then switch over to your chart to see where the resistance is coming in at.
Using FVG’s on Mangoview
Fair value gap (FVG) occur when there is an inefficiency or imbalance in the market. This is an amazing feature on Mangoview which automatically draws in FVGs on your chart. I like to use the bullish FVG to catch a good bid. I then use the bearish FVGs to take profit.
Process
- Filter dashboard for trend and volatility
- Check out the chart
- Does the chart fit your system/strategy
- If so use the FVG for entry
Summary
There are lots of ways to use the dashboard. I have highlighted a couple of ways that I like to use it. Please remember not to use the dashboard in isolation.
