$DOGECOIN with iCOT signals
https://paste.pics/C8IK8
Topic: iCOT Intraday Indicator : nice reversal indicator ! - page 3. (Read 536 times)
BTC iCOT signals on Bitcoin
Yes ; iCOT will give some wrong signals but it will help you to manage risk and get out early : Cut Losses and Run Winners.
https://paste.pics/C6SJD
Yes ; iCOT will give some wrong signals but it will help you to manage risk and get out early : Cut Losses and Run Winners.
https://paste.pics/C6SJD
Not convincing at all.... most pictures you present in your post showcase wrong signals; the last one for example has 2 red vertical bars and up ward price action.
yes of course ! no holy grail.
it will give wrong signals ALWAYS.
The idea is to manage your risk and I find that iCOT helped me to getter much better entries and much better risk/reward.
Again - your experience in chart reading is a must.
iCOT will help you to have more risk/reward control.
When the market refuse to reverse after many red strip : join the trend and buy on lower timeframe green strip.
https://paste.pics/C33YH
https://paste.pics/C340L
https://paste.pics/C33YH
https://paste.pics/C340L
Repeated failures in iCOT (multiples failures red strips) meaning the least resistance path is up : breakout is coming ?
Watch $MARA : it is a bitcoin stock.
https://paste.pics/C2E15
https://paste.pics/C2E5H
Watch $MARA : it is a bitcoin stock.
https://paste.pics/C2E15
https://paste.pics/C2E5H
Any info about accuracy of the signals ? Does it work on all timeframes? what is the best timeframe for this indicator ?
Not convincing at all.... most pictures you present in your post showcase wrong signals; the last one for example has 2 red vertical bars and up ward price action.
The strongest signals are the green and red vertical stripes (green = buy signals, red = sell signals).
Blue bars and the little yellow diamonds above and below the price are also sell/buy signals, but not as strong as the stripes. In special occasions, when consecutive stripe signals are observed, the escalation of the current trend is likely. Buy/sell signals are confirmed once the signal bar's low (in case of sell signal) or high (in case of buy signal) is broken.
iCOT REVERSE-ENGINEERED COT DATA AND CREATED iCOT INTRADAY INDICATOR!
You can use the iCOT indicator on any chart type (eg. candlesticks, bar charts, renko, range bars, etc.) and time-frames (eg. 1-min, 5-min, 1-hr, 4-hr, etc.).
iCOT indicator created by reverse engineering COT data.
it is short term COT tool where extremes commercial/speculators divergence means short term trades.
Please watch their youtube videos this week.
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