Low Price
The lowest price reached by a security during a specific time period. Used to identify support levels and calculate volatility measures.
Introduction
The lowest price reached by a security during a specific time period. Used to identify support levels and calculate volatility measures.
How Low Price Works
The Low Price represents the minimum price reached during a specific time period (candle). It shows the lowest point that sellers were willing to accept during that period.
In crypto strategy building, Low Price is essential for:
• Support identification - When price repeatedly bounces off previous lows • Volatility measures - Used in calculating true range and volatility indicators • Breakdown conditions - When current price falls below previous lows • Stop-loss placement - Determine stop-loss levels below recent lows for long positions
Low Price is vital for pattern recognition (double bottoms, inverse head and shoulders) and breakdown strategies. Use conditions like 'Low < Previous Low' to identify downward breakouts, or 'Low bounces off Support Level' to spot potential reversal points and buying opportunities.
Key Characteristics
Category: Price Data
Type: Technical Indicator
Application: Trend Identification And Price Level Analysis
Timeframe: All timeframes supported (1m to 1M)
Using Low Price in Skyrexio Strategy Builder
Base Order Entry Conditions
Example Configuration:
First Condition: Low Price
Timeframe: 1H
Operator: Greater Than
Second Condition: SMA(20)This creates a signal based on the Low Price meeting the specified criteria.
Practical Applications
Entry Signal
Low Price meets threshold
Trending markets
Confirmation
Combine with volume
All conditions
Exit Signal
Low Price reversal
Profit taking
Risk Management
Low Price extreme values
Risk assessment
Advanced Applications
Multi-Timeframe Analysis
Combine different timeframes for robust signals:
Rule 1: Low Price (4H) meets condition
AND
Rule 2: Low Price (1H) confirms signalIndicator Combinations
Effective Combinations:
Low Price + Volume indicators (confirmation)
Low Price + Moving averages (trend context)
Low Price + Other momentum indicators (signal validation)
Take Profit and Stop Loss Applications
Take Profit Strategies
Multiple Rules Example:
Rule 1: Exit condition - Price bounces from support low
First Condition: Close Price
Timeframe: 1H
Operator: Greater Than
Second Condition: Low Price
Value: 1.015
OR
Rule 2: Exit condition - Stochastic %K oversold bounce
First Condition: Stochastic %K
Timeframe: 1H
Operator: Greater Than
Second Condition: Value
Value: 25
OR
Rule 3: Exit condition - Volume confirming support bounce
First Condition: Volume
Timeframe: 1H
Operator: Greater Than
Second Condition: Simple Moving Average (20)
Value: 1.6Stop Loss Applications
Multiple Rules Example:
Rule 1: Stop loss - Price breaks below key support level
First Condition: Close Price
Timeframe: 1H
Operator: Less Than
Second Condition: Low Price
Value: 0.985
OR
Rule 2: Stop loss - RSI extreme oversold
First Condition: RSI
Timeframe: 1H
Operator: Less Than
Second Condition: Value
Value: 18
OR
Rule 3: Stop loss - True Strength Index breakdown
First Condition: True Strength Index
Timeframe: 1H
Operator: Less Than
Second Condition: Value
Value: -40Low Price Strategy Bot
Configuration:
Base Order: Low 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 Low Price to assess market conditions:
Strong Signals: Full position size
Weak Signals: Reduced position size
Conflicting Signals: Avoid trading
Market Adaptation
Adjust Low 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 Low Price parameters for current conditions
Best timeframes for Low Price analysis
Complementary indicators to use with Low 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 Low 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 Low Price as the only decision factor
Ignoring Context: Consider broader market conditions
Performance Optimization
Backtesting Guidelines
Test Low 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
Low 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 Low 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, Low Price should be part of a comprehensive trading strategy that includes multiple confirmation factors.
The key to success with Low 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 Low 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 Low Price as part of a well-rounded approach to cryptocurrency trading.
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