This indicator will show you which gang is dominating the market : the bearish gang (short masters), or the bullish gang (long masters).
The bearish gang is drawn in red and the Bullish one is in green color.
If red is above green, that means we have a bearish tendency on the market. if green goes above red, that means the market is going the bullish way.
It's nice to use it on 1H or 30 minutes intervals.
Here's what I do : When the dominion is changing hands (=a shift in color), then that mean the market is moving in another direction. I then use my other indicators to make a decision so to create a trade at the very moment of the dominance change or not...
NB1: make sure you know what you do before using this "what I do" strategy. It can be not suited to everyone. Trading is a risky business. So don't take words as granted from people like me or others. The best thing to do is : testing,testing then re-testing while having a good money management. I've burnt myself many times before.
NB2: Margin trading can be really risky if you use this "what I do" strategy. Because price can go far in counter direction before getting back to our target price. So you can risk a margin call. So it's better using this "what I do" strategy on market trading only.
Hello Atemak,
Is this script available to test out, I have a few other's and think this may help, not sure though. But would like to see how she fly's. Cheers
Kind Regards
Travis
Atemak
⋅
Remember no indicator alone does magic tricks. :-)
Atemak
⋅
So, If you plan to trade on color changes only, don't consider margin trading at all. Even if you set a stop loss, you will loose money anyway before the price gets back to the profitable region.
You can use this on other crypto brokers (bittrex,...) for market trading also.
Final stuff, most of the time price will fall under your target, to then go back fast to your price target at the end of the dominance. So
things are happenning near the colors switching.