yo
I programmed a python program that identifies every 4 hour doji on binance and then searches for a 1.25x volume increase coupled with a + 1.00 % price increase where minimum daily traded volume greater than 200 btc and price percentage at time of signal not greater than + 7.00 % ( Usually come in between - 2.00% and + 2.00 %).
Have fun with it. If your already capable of identifying support and resistance then this will be a great way of identifying trend reversals that are supported with volume.
https://t.me/fourhourdoji
peace
Searching up doji on 4 hour timeframe is good but only if we do talk into traditional trading markets like Forex and stocks. This might be applicable I programmed a python program that identifies every 4 hour doji on binance and then searches for a 1.25x volume increase coupled with a + 1.00 % price increase where minimum daily traded volume greater than 200 btc and price percentage at time of signal not greater than + 7.00 % ( Usually come in between - 2.00% and + 2.00 %).
Have fun with it. If your already capable of identifying support and resistance then this will be a great way of identifying trend reversals that are supported with volume.
https://t.me/fourhourdoji
peace
on cryptocurrency trading but doji wont be an assurance to have a price reversal at that point but still this would really be a considerable step for you
to take such risk. Technicals doesnt work anytime which means using this one will vary on ones risk management.
Yeah, I'm just going through the charts and see 4 hour dojis with volume increase can sometimes throw super early signals on nice trades.
I also make sure during the time period in which it is scanning, the price never gets below the previous 4 hr doji wicks. Also, I filter our a certain price because we all know tokens at one cent and below doji all day haha. The less common a doji in the chart. The more people will find significance in it therefore it is significant.
Now if the previous day was a doji as well it can be some nice bull runs. **
Some do negate, that's true. But I'm thinking of creating a volume momentum monitor to scan min by min if momentum is building or decreasing with incoming buy volume compared to sell.
Its all relative to take profit goals.
That why I said if you understand support and resistance one could know if the doji is really representing a reversal or breakout.
