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[Vold] Trading Strategy
Green dot = Trending down.
Purple dot = Trending up.
Fuchsia dot = Uptrend ended.
Lime dot = Downtrend ended.
Fuchsia line = The highest value of the last trend (breaking it up means continuation.
Lime line = Idem fuchsia line but to the downside.
Blue crosses = Could be different things: 1. A dip to buy, 2. A rally to sell, 3. Building a range ...
Blue range = Depending on the direction it breaks, is the next direction.
Golden line = Candles above favour uptrends, Candles below favour downtrends, also works as support and resistance .
This trading strategy can be traded very mechanically (see this experiment here: tradingview.com/chart/BTCUSD...)
But I don't advice to do that, use it along with other indicators to make better decisions ( RSI for example) or volume of the trends and the end of them. Also, you can use higher timeframes to understand better the context.
Purple dot = Trending up.
Fuchsia dot = Uptrend ended.
Lime dot = Downtrend ended.
Fuchsia line = The highest value of the last trend (breaking it up means continuation.
Lime line = Idem fuchsia line but to the downside.
Blue crosses = Could be different things: 1. A dip to buy, 2. A rally to sell, 3. Building a range ...
Blue range = Depending on the direction it breaks, is the next direction.
Golden line = Candles above favour uptrends, Candles below favour downtrends, also works as support and resistance .
This trading strategy can be traded very mechanically (see this experiment here: tradingview.com/chart/BTCUSD...)
But I don't advice to do that, use it along with other indicators to make better decisions ( RSI for example) or volume of the trends and the end of them. Also, you can use higher timeframes to understand better the context.
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