This indicator can be used for swing algorithmic trading. It will give Buy and Sell signals on the chart based on concepts of volatility and momentum. This works for the IBVOL-USD token on FTX exchange.
Value for the traders: During periods of sideways price action by BTCUSD, the value of IBVOL will go up and the indicator will give a buy signal and traders will profit if they buy the token. Just before an impending volatility, such as spike of BTC price, it will signal a sell, so traders can sell this token and reinvest their profits in BTC trade.
The strategy has so far had 100% hit rate, with very low drawdown (0.01%), and high profit factor of 2176.
For access please contact me via DM on TradingView.
@ArsenB, yes, it's a leveraged token on FTX, and I found the logic that buys dips and sells close to tops. It's all about identifying the volatility cycle.