Thread: Ethereum
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Old 14th July 2022, 01:31     #1059
DrTiTus
HENCE WHY FOREVER ALONE
 
If you're interested to see more real time trends, I suggest turning on the Bollinger Band indicator, with default settings (20,2). It's a 20 time unit moving average, with 2 standard deviations either side (95% confidence interval). The prices move within these intestine looking shapes, and when they go outside the 2sd lines, they tend to revert to the mean, either horizontally (because the moving average adjusts), or with trades to get back to the mean/average by either humans or bots (there's no difference as far as the market is concerned).

I don't know that it reveals much for the future, but you get an idea of whether things are staying above the 20 MA, or sitting below and bouncing off it. I am not confident enough to try and profit from this (I just assume there will be friction from fees etc, and I don't want to use leverage).

One indicator doesn't tell you much on its own, but when you combine with others you can learn something.
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