This is the log difference from the price to the 20 week moving average. Has always been a great top and bottom indicator so far and we're currently at 9% risk. We won't be going that much lower so I would recommend to start accumulating at these levels.
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I'm not going to elaborate on how exactly the formula is written and by what logic the log lines closing down on the volatility are explained by. Whoever manages to see through will find this really useful.
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Seems like it was spot on. Nice to see this Model was able to predict the past 2 bottoms.
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If you're looking for my absolute best metric (much improved from this here), check out moonstrategy.io
Hi Alex, I looked at indicators' list for your LNWMA20 and couldn't find it; what's its name/description? Thank you very much
AlexWasTaken
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Hey @Ermir1, there is no public script. I have since taken this metric and combined it to create an insanely sophisticated risk model. It will be available soon by monthly subscription for 4.99$ / month. If you're interested I can let you know as soon as the website is up and running. There will be a free trial and low beta pricing.
AlexWasTaken
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It has fared well so far. Keep in mind this indicator still allows for further downside. It's just a lot less likely than the upside. The further it nears the lower band, the less downside potential there is. However it still exists. We are currently back up to 25.3% risk.