Bitcoin Forum
April 26, 2018, 01:09:38 AM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
Author Topic: What do you think of my oscillator?  (Read 2461 times)
Sr. Member
Offline Offline

Activity: 446
Merit: 250

View Profile WWW
December 24, 2011, 06:29:22 PM

ok, so I've changed to using high-low averages -instead of closing price- for the oscillator. It looks more accurate now, although almost indistinguishable at first glance.

using these new numbers and the fact that it is a percentage based oscillator, I've come up with the target %50 retracement of 0.1679. and this assumes that we are in part B of the correction wave from the peak back in June.

this target price will, of course, move as the 2 week month moving average influences the formula which you can derive a price target from this number. However, using the current moving average the 'minimum' target price is 3.6138.

As this number is below the current price, I think that it means the 'true' target price (that is the one based on the future moving average that we just don't know the value of yet) is highly influenced by the moving average.

just 'eyeballing it', it's clear that the 2 weekmonth sma's slope is not yet even positive. if this sma doesn't start to rise soon then we'd be in danger of reaching the peak of part B without a significantly higher price than what we currently have. Shocked

EDIT: meant month instead of week Wink
Also, 'just eyeballing it' was a mistake, the 2 month sma's slope is positive.

Pages: « 1 [2]  All
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!