Close Price
The final trading price of a security at the end of a trading session. Used as the basis for most technical indicators and considered the most important price point for analysis.
Introduction
The final trading price of a security at the end of a trading session. Used as the basis for most technical indicators and considered the most important price point for analysis.
How Close Price Works
The Close Price represents the final price at which a security traded during a specific time period (candle). It's the most widely used price point in technical analysis because it reflects the consensus value that buyers and sellers agreed upon at the end of the period.
In crypto strategy building, Close Price is used for:
• Trend analysis - Compare against moving averages to determine trend direction • Entry/exit conditions - Set conditions when price crosses specific levels • Percentage calculations - Calculate percentage changes between periods • Baseline reference - Use as a baseline for stop-loss and take-profit levels
Most momentum and trend indicators are calculated using Close Price as their primary input. Close Price conditions form the foundation of most crypto trading strategies.
Key Characteristics
Category: Price Data
Type: Technical Indicator
Application: Trend Identification And Price Level Analysis
Timeframe: All timeframes supported (1m to 1M)
Using Close Price in Skyrexio Strategy Builder
Base Order Entry Conditions
Example Configuration:
First Condition: Close Price
Timeframe: 1H
Operator: Greater Than
Second Condition: SMA(20)This creates a signal based on the Close Price meeting the specified criteria.
Practical Applications
Entry Signal
Close Price meets threshold
Trending markets
Confirmation
Combine with volume
All conditions
Exit Signal
Close Price reversal
Profit taking
Risk Management
Close Price extreme values
Risk assessment
Advanced Applications
Multi-Timeframe Analysis
Combine different timeframes for robust signals:
Rule 1: Close Price (4H) meets condition
AND
Rule 2: Close Price (1H) confirms signalIndicator Combinations
Effective Combinations:
Close Price + Volume indicators (confirmation)
Close Price + Moving averages (trend context)
Close Price + Other momentum indicators (signal validation)
Take Profit and Stop Loss Applications
Take Profit Strategies
Multiple Rules Example:
Rule 1: Exit condition - Price reaches target resistance level
First Condition: Close Price
Timeframe: 1H
Operator: Greater Than
Second Condition: High Price
Value: 1.08
OR
Rule 2: Exit condition - RSI extreme overbought
First Condition: RSI
Timeframe: 1H
Operator: Greater Than
Second Condition: Value
Value: 82
OR
Rule 3: Exit condition - Volume declining at highs
First Condition: Volume
Timeframe: 1H
Operator: Less Than
Second Condition: Simple Moving Average (20)
Value: 0.65Stop Loss Applications
Multiple Rules Example:
Rule 1: Stop loss - Price breaks key support level
First Condition: Close Price
Timeframe: 1H
Operator: Less Than
Second Condition: Low Price
Value: 0.96
OR
Rule 2: Stop loss - Ultimate Oscillator oversold
First Condition: Ultimate Oscillator
Timeframe: 1H
Operator: Less Than
Second Condition: Value
Value: 20
OR
Rule 3: Stop loss - ATR volatility spike
First Condition: ATR
Timeframe: 1H
Operator: Greater Than
Second Condition: Value
Value: 0.05Close Price Strategy Bot
Configuration:
Base Order: Close Price condition as defined above
Additional Entries: Price Change mode, 2% intervals
Take Profit: 5% and 10% levels
Stop Loss: Indicator reversal OR 3% loss
Risk Management
Position Sizing
Use Close Price to assess market conditions:
Strong Signals: Full position size
Weak Signals: Reduced position size
Conflicting Signals: Avoid trading
Market Adaptation
Adjust Close Price parameters based on:
Current market volatility
Timeframe being traded
Historical performance
Skyrexio-Specific Features
AI Integration
The "Suggest with AI" button provides recommendations for:
Optimal Close Price parameters for current conditions
Best timeframes for Close Price analysis
Complementary indicators to use with Close Price
Real-Time Execution
Continuous Monitoring: 24/7 tracking across all timeframes
Instant Signals: Immediate order execution when conditions are met
Multi-Exchange: Consistent calculation across all supported exchanges
Best Practices
Entry Timing
Once per bar close: Recommended trigger type for Close Price
Confirmation: Always combine with other technical factors
Volume: Validate signals with volume analysis
Common Mistakes to Avoid
Over-optimization: Don't curve-fit parameters to historical data
Isolation: Never use Close Price as the only decision factor
Ignoring Context: Consider broader market conditions
Performance Optimization
Backtesting Guidelines
Test Close Price across different market conditions
Validate on multiple cryptocurrency pairs
Account for transaction costs and slippage
Use realistic execution assumptions
Market Conditions
Trending
High
Follow signals with trend
Ranging
Medium
Use mean reversion approach
Volatile
Variable
Reduce position sizes
Low Volume
Low
Wait for volume confirmation
Technical Considerations
Calculation Method
Close Price is calculated using:
Standard mathematical formulas
Consistent methodology across timeframes
Real-time updates with each new price tick
Parameter Optimization
Consider adjusting parameters for:
Different cryptocurrency pairs
Varying market conditions
Your risk tolerance and trading style
Conclusion
The Close Price is a valuable tool in the Skyrexio Strategy Builder arsenal for trend identification and price level analysis. When used correctly with proper risk management and confirmation signals, it can significantly enhance trading performance. However, like all technical indicators, Close Price should be part of a comprehensive trading strategy that includes multiple confirmation factors.
The key to success with Close Price is understanding its strengths and limitations, combining it with other analysis techniques, and maintaining disciplined risk management. Skyrexio's AI-powered suggestions can help optimize Close Price parameters for current market conditions and your specific trading objectives.
Remember that no single indicator guarantees profitable trades. The most successful strategies combine multiple indicators, proper risk management, and sound trading psychology. Use Close Price as part of a well-rounded approach to cryptocurrency trading.
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