Our communities have identified 6 scenarios that accurately predict price action.
This published idea today, is sharing one scenario in the hope you all see value in joining the revolution of trading, and harnessing the power behind the mighty Percentile and Correlation with P-Value & Confidence Interval!
1. When is expanding on the Percentile, while the Correlation is going into significant negative correlation then the price action will always DUMP.
2. Enter when expands above your HVP Moving Average and exit when contracts below the HVP MA
Back test it yourself, you will be amazed. This trade captured a 25% drop in BTC
There are many amazing indicators that traders use on a daily basis, and these indicators simply just work. No longer are you hoping that some magical Moving Average is going to have an impact on price
For this idea, I have used two publicly available indicators from @balipour
This is exactly the sort of Published Idea that TradingView *should* be promoting.
It's quite telling that to date, they prefer to promote random shapes and lines and other ridiculous chart art that help no one trade any better.
h/t to @balipour, pig and all the members of the communities trading with these indicators and helping each other learn and practice how best to use them.