The L.A. Indicator supports: - Trend trading (not range trading) of - Tech assets, such as tech stocks and bitcoin/cryptocurrencies (not commodities) over - Long timeframes, e.g. daily, weekly and monthly candles (not hourly candles or less).
By distilling all data down to one of 3 states, up, down or inconclusive, the indicator can aid in the decision making over long time periods, together with a rule based trading process. It works by measuring trend consistency.