I've made a simple indicator to compare the momentum of a trading pair against the momentum of BTC to the dollar. I use it to see how a pair is affected by BTC's momentum... I wouldnt use it to trade off alone, but it can be a useful tool alongside other indicators.
The time range can be adjusted, but I wouldnt reccomend setting it to anything over 12M, or under 1W.... as I'm not sure if it would work.
Any feedback is welcome!
This is an idea I had after looking at a wonderful visualisation made by BarclayJames, link below:
@roman_akyuz, I havent made my mind up on XLM yet.... its likely that it will perform well if the vortex oscillator stays green, its actually holding a key level at the moment; if it holds the 0.000036 level we could see a nice bounce but I would keep a stop loss somwhere in the 0.000035 region (the fibonacci in the above chart is quite old and not really relevant anymore, sorry).
*only speculations, anything can happen, I'm not holding any XLM at the moment
Biffy
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Here is a fresh fibonacci
Statistically speaking, most higher highs bounce off this level marked in purple, so while an uptrend is likely, it is not guarenteed and a downtrend is still possible.