Indicator combination test - let's predict the future
מעודכן
Note: I'm testing a set of indicators. This ideas help me to verify my predictions afterwards. Please let me know your thoughts about this strategy, I'm very keen about other opinions or tips to improve.
NOTE I'm not a professional trader and my ideas are not meant as trading suggestions. It's your money, so think for yourself.
So, basically what im testing is the combination of the following indicators:
- MACD
- Stoch RSI
- RSI
- CCI (200)
- Ichimoku Cloud
Chart: XRP/ETH 4h
I'm analyzing every indicator on its own if it's a bearish or bullish signal. For the end result I'm adding all results.
MACD
Histogram and MACD shows a decreasing trend, Price is increasing -> divergence
--> bearish
Stoch RSI
Price is increasing but Stoch RSI can't build new highs -> Divergence
--> bearish
RSI
RSI is not really telling anything. It's moving between 30 and 70, which is the neutral zone. Also no trendline is visible
--> neutral
CCI (200)
CCI is moving near, but below 100 which is the neutral zone. The uptrend seems to be over since 18. Nov
--> neutral
Ichimuko Cloud
The Ichimuko Cloud consists of 5 single indicators I'm looking at:
1) Price is above the cloud -> bullish
2) "Future Cloud" is green (Lead 1 above Lead 2) -> bullish
3) Price is below base line -> bearish
4) Death Cross on 15. December -> bearish
5) Lagging Span -> upwards trend -> bullish ( not quite sure how to interpret this one correctly. yet.)
bullish 3 : 2 bearish
--> bullish
So, adding all results together:
MACD: bearish
Stoch RSI: bearish
RSI: neutral
CCI: neutral
Ichimoku Cloud: bullish
bearish 2 : 1 bullish
Bears win.
My conclusion:
- I will sell XRP now because i think the price will drop
- I will not buy XRP at the moment because the price will drop
I'll check this on the 1d and the 2h chart to verify the result.
Also I will try to identify possible support levels:
1) 0.00338879 -> i will sell half my XRP stock
2) 0.00333568 -> i will sell al of my XRP stock
Let's see :D
NOTE I'm not a professional trader and my ideas are not meant as trading suggestions. It's your money, so think for yourself.
So, basically what im testing is the combination of the following indicators:
- MACD
- Stoch RSI
- RSI
- CCI (200)
- Ichimoku Cloud
Chart: XRP/ETH 4h
I'm analyzing every indicator on its own if it's a bearish or bullish signal. For the end result I'm adding all results.
MACD
Histogram and MACD shows a decreasing trend, Price is increasing -> divergence
--> bearish
Stoch RSI
Price is increasing but Stoch RSI can't build new highs -> Divergence
--> bearish
RSI
RSI is not really telling anything. It's moving between 30 and 70, which is the neutral zone. Also no trendline is visible
--> neutral
CCI (200)
CCI is moving near, but below 100 which is the neutral zone. The uptrend seems to be over since 18. Nov
--> neutral
Ichimuko Cloud
The Ichimuko Cloud consists of 5 single indicators I'm looking at:
1) Price is above the cloud -> bullish
2) "Future Cloud" is green (Lead 1 above Lead 2) -> bullish
3) Price is below base line -> bearish
4) Death Cross on 15. December -> bearish
5) Lagging Span -> upwards trend -> bullish ( not quite sure how to interpret this one correctly. yet.)
bullish 3 : 2 bearish
--> bullish
So, adding all results together:
MACD: bearish
Stoch RSI: bearish
RSI: neutral
CCI: neutral
Ichimoku Cloud: bullish
bearish 2 : 1 bullish
Bears win.
My conclusion:
- I will sell XRP now because i think the price will drop
- I will not buy XRP at the moment because the price will drop
I'll check this on the 1d and the 2h chart to verify the result.
Also I will try to identify possible support levels:
1) 0.00338879 -> i will sell half my XRP stock
2) 0.00333568 -> i will sell al of my XRP stock
Let's see :D
הערה
checked the 1d and 2h chart. According to this method:1d chart --> bullish
2h chart --> bullish
Hm, this changes everything :D Guess I won't sell.
Let's see how this goes.
Give me your comments and ideas!
הערה
Prediction succeeded. Indicator Success rate 50% (out of 2 ideas)
כתב ויתור
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