BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
This past week I had an idea about a new way to tell when market is trending or ranging. This lead to the creation of this tool, which is stills on progress.

Green dot represents when that day has been volatile, while the red dot the contrary.

This is based on real-time data, so no lagging. While this is good, it also adds noise which prevents to measure the long term condition of the market. To counter this, I added a condition where when X days have been red, then we can more firmly agree that the market is ranging. This is represented when background is red.

This is how the entire chart looks like:


In another note, I published this the other day:


On it, I mentioned two things:
1 - The market is still neutral, which now is not.
2 - No long signals at the time, and looking forward to now, we just had a big drop , so this validates the reliability of it.

I don't usually post ideas, but if you take a look at my previous ones you can observe a very high win rate. The one below is my best prediction by far.


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