Add Feature: Big Move Gauge Algorithm

summercms commented 7 months ago

Enhancement idea

[x] Add Feature: Big Move Gauge Algorithm.
[x] Connect to Alerts Modules and add custom alerts, see here: https://github.com/chartingshow/documentation/issues/70
[x] Connect to warning signals module, see here: https://github.com/chartingshow/documentation/issues/267
[x] Connect to Trading Signals module, see here: https://github.com/chartingshow/documentation/issues/269
[x] Add to Themes, see here: https://github.com/chartingshow/documentation/issues/194
[x] Add to data window.
[x] Update Doc's.

Notes

Renamed from Big Move Indicator into Big Move Gauge to avoid confusion as it's a trading algorithm and not a trading indicator.

Fast = uses the Trend Analysis Model 2 algorithm with a setting of 10.0 which is quicker than Trend Analysis Model 1 default setting.

Slow = uses the Trend Analysis Model 1 algorithm with the default settings.

Description

The big move gauge algorithm uses the daily calculations of volatility and time-weighted average prices (TWAP) calculated by taking price measurements at 1 minute intervals from the Bitcoin vs the US Dollar price. The fast setting uses a 24-hour H1 timeframe setting and the slow setting uses a rolling 7-day H4 timeframe setting.

The fast setting shows all the smaller individual moves and traders can look at each move to tell if the bulls or bears are in-control of the price action at that exact period. Traders can also use the fast setting to confirm U-Shape and V-Shape pattern moves. Traders can also use the fast setting to confirm lower-timeframe breakouts. The fast module uses the Trend Analysis Model 2 algorithm with a setting of 10.0 which is quicker than Trend Analysis Model 1 default setting.

The slow setting shows all the longer trend moves and traders can use this to confirm breakouts and when the momentum for the trend is over. Traders can also use the slow setting to confirm higher-timeframe breakouts. The slow module uses the Trend Analysis Model 1 algorithm with the default settings.

Links

https://en.wikipedia.org/wiki/Time-weighted_average_price

https://www.investopedia.com/terms/v/volatility.asp

summercms commented 7 months ago

Add real-time Updates to data window.

summercms commented 6 months ago

fast and slow are delayed
slow seems to be delayed a lot more though....?

summercms commented 6 months ago

Renaming yet again into Bitcoin Volatility algorithm to avoid confusion over Altcoin Volatility algorithm.

chartingshow / documentation