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.
Enhancement idea
Notes
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 theslow
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 thefast
setting to confirm U-Shape and V-Shape pattern moves. Traders can also use thefast
setting to confirm lower-timeframe breakouts. Thefast
module uses the Trend Analysis Model 2 algorithm with a setting of10.0
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 theslow
setting to confirm higher-timeframe breakouts. Theslow
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