I'm working on a new concept for a Market Termometer, been talking to some experts to get their view. It is still a work in progress, but I thought I release the snapshot to get others input.
I've been studying ALGO for over a year and made many live experiment trades long and shorts. I found out, ALGO is programmed for repeat behaviour and often repeats patterns of a price but ultimately settles at a given price for a given day in the past. So, I'm trying to find a way to see what is ALGos next move. If it sounds far-fetch, then you should see my other published scripts.
Anyways: here is some info on how ALGO counter the traditional indicators. So, I started using just price action and created a bunch of new indicators that ALGO doesn't know about
Example:
Impact-driven-algorithm= Large volume masked as small volume to keep the price at desired level. So, your chart says overbought but market doesn't drop for days
Cost-driven-algorithm= Hedge fund buy every time at lower price and prevent others to buy low, moving up fast. Is like a clock with millisecond timing and ALGO owners know when to buy low and when to sell high
If you have a good idea, let me know so i can include it the first version that I'll try to release next Monday before market cash open in the US
Thanks for input from:
@RicardoSantos
i see look like a good implementation, you get current candle in the current range context
I've been studying ALGO for over a year and made many live experiment trades long and shorts. I found out, ALGO is programmed for repeat behaviour and often repeats patterns of a price but ultimately settles at a given price for a given day in the past. So, I'm trying to find a way to see what is ALGos next move. If it sounds far-fetch, then you should see my other published scripts.
Anyways: here is some info on how ALGO counter the traditional indicators. So, I started using just price action and created a bunch of new indicators that ALGO doesn't know about
Example:
Impact-driven-algorithm= Large volume masked as small volume to keep the price at desired level. So, your chart says overbought but market doesn't drop for days
Cost-driven-algorithm= Hedge fund buy every time at lower price and prevent others to buy low, moving up fast. Is like a clock with millisecond timing and ALGO owners know when to buy low and when to sell high
If you have a good idea, let me know so i can include it the first version that I'll try to release next Monday before market cash open in the US
Thanks for input from:
@RicardoSantos
i see look like a good implementation, you get current candle in the current range context
