How Barqish works
No black box. Here is exactly where our data comes from, how every verdict is calculated, how we screen coins for halal status, and what the tool cannot do.
1. The data
Prices, candles and volume come live from Binance’s public market data for each coin’s USDT spot pair. Market mood uses the Crypto Fear & Greed Index from alternative.me. Rupee figures use the USD to PKR market rate from ExchangeRate-API; P2P rates can differ. Headlines come from the CoinTelegraph and CoinDesk news feeds. Each analysis is cached for about two and a half minutes, and every result shows its source and time.
2. Trend and indicators
For the daily, 4-hour and 1-hour charts we compare price with its 20 and 50-period exponential moving averages. A trend is up when price is above the 20, the 20 is above the 50, and the 20 is rising; down is the mirror image; anything else is sideways. We also compute the 14-day RSI, the daily MACD histogram, the 200-day average and the 14-day average true range (ATR), which measures how much the coin normally moves.
3. Support and resistance
We find swing highs and lows on the last 180 daily candles and about 33 days of 4-hour candles, then group levels that sit within 1.2% of each other. Daily swings count double. A level touched more often is stronger. We show the nearest meaningful levels above and below the price. When a coin is at a new high and there is no history above it, we show a projected level based on ATR and label it clearly.
4. The score and the verdict
| Signal | Points |
|---|---|
| Daily trend up / down | +2 / −2 |
| 4-hour trend up / down | +1 / −1 |
| Price above / below the 200-day average | +1 / −1 |
| Daily MACD momentum rising positive / falling negative | +1 / −1 |
| Daily RSI below 35 (oversold) / above 72 (overbought) | +1 / −1 |
The verdict follows these rules, in order:
- Avoid if the coin fails halal screening, or if it is in a daily downtrend below its 200-day average.
- Wait if it has run up fast (over 12% in 24 hours, or RSI above 75 daily or 80 on 4-hour). That also switches on the Nafs Guard 10-minute pause.
- Buying zone only if price is within 0.6 ATR of a real support level, the score is zero or better, and the reward to the first target is at least twice the risk to the stop-loss. A coin that is doubtful or not screened is capped at Wait.
- Wait in every other case, with the specific reason.
Confidence is high when the score is 4 or more in either direction, medium at 2 to 3, and low otherwise, or when liquidity is thin (under $5M a day) or levels are projected.
5. Scenarios and the trade plan
The three 24-hour scenarios start at 33% each and shift 5 points per score point, within 15% to 60%. They are model estimates, not predictions, and each one names the price that would prove it wrong. The plan puts the entry zone at the first support, the stop-loss 0.35 ATR below it, and targets at the next resistance levels. Position size is calculated so that hitting the stop-loss costs exactly the percentage of capital you choose, capped at your capital.
6. Halal screening
Every coin is checked against five criteria: riba (does the business earn from interest), maysir (gambling), gharar (excessive uncertainty or pure speculation), real utility, and links to prohibited industries. Coins are grouped by what they actually do: payment currencies, smart-contract networks, infrastructure, exchange tokens, meme coins, lending protocols, derivatives platforms, decentralised exchanges and stablecoins. The reasoning for every coin is public in our halal coin list. Coins we have not screened are shown as “not screened”, never guessed.
Scholar review. These screenings follow widely used Islamic finance principles, but they have not yet been certified by a Shariah board. We are looking for qualified scholars to review them. If you are one, please contact us. Until then, treat every rating as a starting point for your own research, not a fatwa.
7. Accountability
Every day the tool records its verdict for 26 major coins, whatever the verdict is, then grades the calls automatically: whether the most likely 24-hour scenario happened, whether buying-zone calls reached their target or their stop-loss within 7 days, and what happened after Avoid calls. The results, good and bad, are on our public track record.
8. What it cannot do
- It cannot predict the future. Markets react to news that no indicator sees coming.
- It does not know your full financial situation.
- News tags are read automatically from headlines and can be wrong.
- It never touches your money, never asks for exchange passwords, and never recommends leverage.
See it on a real coin
Everything above, applied live.
Educational analysis, not financial advice or a religious ruling. Questions or corrections: [email protected].