Too often, My indicator catches the move but I THINK and don't trust it. Trying to just watch the indicator and "use the force"! You can check the results of what happened on your own charts. I totally would have caught that big drop but I was sleeping and I would NOT have shorted it ANYWAY because I didn't trust what my indicator was telling me!!
FYI, I drew ALL the arrows only looking at the lower indicator. I've used this technique before and it works but you have to take ALL the signals - GOOD or BAD. Because you NEVER know which one will be a winner or a loser.
Lot's of losing trades but it will catch +75% or more of EVERY big move. Haven't figured out how to automate it or even test it.
YELLOW arrow is if I would have cheated and got in early, BEFORE confirmation of GREEN arrow.
FYI, I drew ALL the arrows only looking at the lower indicator. I've used this technique before and it works but you have to take ALL the signals - GOOD or BAD. Because you NEVER know which one will be a winner or a loser.
Lot's of losing trades but it will catch +75% or more of EVERY big move. Haven't figured out how to automate it or even test it.
YELLOW arrow is if I would have cheated and got in early, BEFORE confirmation of GREEN arrow.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.