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Momentum Regime Filter BTC by [VanHelsing]
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Momentum Regime Filter BTC by [VanHelsing]
This is a usefull indicator what shows you a macro state of BTC trend.
Most of the trend indicators get lost in the ranging market or switch to bearish during simple pullbacks.
And I decided to creat it to ignore all this noise from a market and see what exactly major trend is!
-How it Works:
For find out what curent trend on BTC is, it using RSI and Normalized Momentum square.
When squre of both momentum and rsi is above zero it is an uptrend when below it is down trend.
I can say it is an momentum indicator. It works only on BTC and on all exchanges of it.
-How to read it
-BackTest (2D BTC Index, momentum length = 15, linear reg = 5) it works on any BTC exchange
This is a usefull indicator what shows you a macro state of BTC trend.
Most of the trend indicators get lost in the ranging market or switch to bearish during simple pullbacks.
And I decided to creat it to ignore all this noise from a market and see what exactly major trend is!
-How it Works:
For find out what curent trend on BTC is, it using RSI and Normalized Momentum square.
When squre of both momentum and rsi is above zero it is an uptrend when below it is down trend.
I can say it is an momentum indicator. It works only on BTC and on all exchanges of it.
-How to read it
-BackTest (2D BTC Index, momentum length = 15, linear reg = 5) it works on any BTC exchange
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