|
Memphis TN
Experience: Intermediate
Platform: TWS, TradingView, KuCoin
Trading: Options, Crypto, Futures
Posts: 4 since Feb 2022
Thanks Given: 1
Thanks Received: 4
|
Its not working right now with all this volatility that over rides normal patterns but normally yes, it works.
After reading his book and testing it out, I put the 13 / 21 EMA, keltner channels and squeeze indicators on almost all my charts. It’s been very helpful. If you don’t want to pay for it somebody programmed it in pine on trading view.
So what it is if you weren’t already aware is bollinger bands inside of a 1.5 keltner channel. So it’s using 2 metrics to confirm an extremely tight trading range where bulls/bears are fighting it out and when it breaks this range it’s liable to follow through significantly as 1 side has capitulated for any number of reasons and we’re now in price discovery finding the new range.
Obviously as you’ve probably seen, in a situation like we’re in now where things whipsaw with the latest news a lot of indicators have stopped working like they used to.
|