I only tested this indicator on 1m-15m timeframes with quick scalp plays. 4H sell signals are really good during bear and ranging market (price reacts aggresively) and not that good in a full on bull market (pullbacks literally lets you place a breakeven stop at the best).
This is a test trade, for references you can look at how it performed before 20k and after(it should show if you scroll)
This is a test trade, for references you can look at how it performed before 20k and after(it should show if you scroll)
Note
Sadly doesnt show how badly it performs during extended bull runs but w/e, you get the idea probably.Note
White ones are just warning, red is confirmation.Note
If i were to take this trade - it screams yearly lows.Note
Would probably take like a week to resolve probablyNote
Even though bitcoin is dumping it still makes me happy since it told me to short 4172 and only went like 60$ higher. Hope im wrong about yearly lows at least.Trade closed manually
Closed 3700 avg. No new yearly lows(it was a bold prediction anyway.)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.
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.