Metal / BitcoinLong
Using Renku Bars to smooth out crypto price, and ADX for entry
There is a great deal of volatility in crypto prices, which invalidates many of the entry signals provided by popular indicators.
You can compare the Renku bars to the price shown in the bottom window.
In this example, I have used Renku bars to smooth out price movements. the ADX indicator then signals swing lows and highs.
Note that in the top window there are a number of indicators. Trendy ADX was developed by Bonavest (look him up on TradingView and Twitter). The code is proprietary, however I've found similar entry and exit signals using the freely available ADX.
You can compare the Renku bars to the price shown in the bottom window.
In this example, I have used Renku bars to smooth out price movements. the ADX indicator then signals swing lows and highs.
Note that in the top window there are a number of indicators. Trendy ADX was developed by Bonavest (look him up on TradingView and Twitter). The code is proprietary, however I've found similar entry and exit signals using the freely available ADX.
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