Elevator Ride

What is the Elevator Ride?

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The Elevator Ride is a proprietary indicator created exclusively for BitThor. Unlike traditional indicators that focus on just price or just volume, this one takes in the full picture: opening price, closing price, high, low, and volume. It blends them into a single weighted calculation that captures everything meaningful about each trading period. Recent data is weighted more heavily, so the indicator always stays tuned to current conditions. The name says it all — you want to ride the market like an elevator: get on when it's heading up, and get off before it starts coming down.

How Does It Work?

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The bot calculates a custom weighted value from the full OHLCV data set (Open, High, Low, Close, Volume). The weighting scheme gives greater importance to the most recent changes. When recent changes are positive, the bot signals Buy. When they turn negative, the bot signals Sell. Because it uses all five data inputs, it has a more complete view of the market than indicators that only look at closing prices.

Using It in BitThor

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Select Elevator Ride from the indicator list in your bot config. Because it already considers price, volume, and the full candle range together, it works well as a standalone primary indicator. You can also combine it with RSI or DMI for extra confirmation. This is a BitThor exclusive — you won't find it anywhere else.

Tips for Beginners

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• The Elevator Ride considers price AND volume together, making it a powerful all-in-one signal for your bot.

• Because it uses all OHLCV data, it has a more complete market view than single-data indicators. Try it as your main signal first.

• This indicator is unique to BitThor. Run it in simulation mode to get familiar with its behavior before committing real funds.

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Indicator by: BitThor | Learn more