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Price Streak Is Another Way to Spot Trends
Price is never wrong, but sometimes reading it can be tricky.
Movements in the broader market or a sector can distract from a symbol that's been steadily trending in one direction or another. Sometimes the beginning of a move can also be so subtle that it flies under most people's radar.
Price Streak can help overcome these limitations by tracking consecutive up/down periods. It plots an easy-to-read color-coded histogram.
Because it simply counts the candles in a trend, Price Streak can give a clearer picture than magnitude-biased indicators like relative strength or MACD.
Applying Price Streak to the daily chart of
Bitcoin Dominance, we find something very interesting right now: the longest drop since March 2017.
That moment in history, almost three years ago, marked the beginning of the last Altcoin bull market. $BITMEX:ETHUSD, for example, went from roughly $60 to over $1,300 in the following nine months.
While past performance isn't a guarantee of future results, this illustrates how sustained price moves can reveal changes in character.
Based on Price Streak's current reading, it may support the idea of another Altcoin cycle beginning now.
Movements in the broader market or a sector can distract from a symbol that's been steadily trending in one direction or another. Sometimes the beginning of a move can also be so subtle that it flies under most people's radar.
Price Streak can help overcome these limitations by tracking consecutive up/down periods. It plots an easy-to-read color-coded histogram.
Because it simply counts the candles in a trend, Price Streak can give a clearer picture than magnitude-biased indicators like relative strength or MACD.
Applying Price Streak to the daily chart of
Bitcoin Dominance, we find something very interesting right now: the longest drop since March 2017. That moment in history, almost three years ago, marked the beginning of the last Altcoin bull market. $BITMEX:ETHUSD, for example, went from roughly $60 to over $1,300 in the following nine months.
While past performance isn't a guarantee of future results, this illustrates how sustained price moves can reveal changes in character.
Based on Price Streak's current reading, it may support the idea of another Altcoin cycle beginning now.
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オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。