Based on the data collected by my server. The 'accumulator' which measures the cumulative buys - sells.
Its much more accurate than accu/dist indicator since it is derived from each trade whether it is a buy or sell, and not the closing candle.
Decelerating amount of accumulation seen on the daily chart
Rally being sold into, starting from 13th December:
Despite it being sold into, price is still drifting higher and higher. The accumulator clearly shows that it is being sold into the highs, signaling a powerful divergence here.
Until I see a spike in the cumulative buys, it is a sell here. --------------------------------------------------------------------------------------------------------------------
Technicals:
Bearish RSI divergence
Daily double top
Trade closed manually
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Update: Short closed at 50 yuan loss per BTC! This is still looking strong, with signs of re-accumulation here...
Good idea, thanks for sharing.
I had a previous short based on an idea I published, however I was already thinking on coming back to the bull family. Do you think it will keep going down ?
ChimbOt
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Great minds think alike,
Drop me a message, we can do some work together
ryopphdi
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Do you have similar data for other exchanges as well? Problem with OKCoin and Huobi is their data is almost certainly faked to some extent. What we do not know is how big the modification is.
LastBattle
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Okcoin 4H:
Okcoin 2H:
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Huobi 4H: [Do note that its inverted as I made a mistake of buys being sells and vice-versa]
Do note that huobi's volume data is inverted as I made a mistake of buys being sells and vice-versa ..
ryopphdi
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Thanks for sharing those charts. Myself, I'm not convinced by this indicator - it presents completely opposite readings between 2H and 4H timeframes. In my view this should not happen if difference in time frames is not huge. I would understand bigger differences between let's say 2H and 1D or 1W. But 2H and 4H is too close one to another so I'd expect any indicator readings should be similar.
janos666
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Haha. I think this custom indicator is exactly what I started to search for, right after I figured out what indicators are (generally in the context of price charts and trading) and what's the math behind the classic MACD. :)
I thought something like this should a very basic indicator, yet it's rarely used (and not even available for the "noobs" [like me :D] because it's not part of the usual toolsets one might find for free or a small fee).
LastBattle
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I've my own servers that have been indexing the price of exchanges since 2014.
Although I am using TradingView's charting library, however it is not based on their data.
OBV/Accumulation + distribution is quite similar to it, but not accurate to every single trade in existence but the candle closing price.