General Accumulation Evaluation BULL or BEAR Daily Trend
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General Accumulation Evaluation by Lordchicken aka Chikun This indicator is ONLY useful on the daily time frame and ONLY on BTC. It will show you the general trend of BTC.
Basic:
X > 0 = Bullish trend X < 0 = Bearish trend X > 0.5 = Overbought X < -0.5 = Oversold
Advanced:
If X < 0 and tries to go above 0 that's a good place to short
The end of a Bull/Bear trend is often shown with a strong reaction of X going above/beneath 0.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.