About BW indicators...Hello traders!
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We have not disclosed the detailed settings and formulas of the indicators below, but we will disclose them in the future when we deem it is time to do so.
Please understand this.
There are quite a few indicators that are displayed on the chart but are difficult to understand because they do not have explanations.
Among them, this time I will take the time to explain the BW indicator.
The BW indicator comprehensively evaluates MACD, StochRSI, CCI, supertrend, and PVT indicators to distinguish between uptrends and downtrends based on the 0 point.
(MACD indicator)
MACD = (fast + slow) / 2
Signal = EMA of MACD
MACD > Signal: +1 point
MACD = Signal: 0 points
MACD < Signal: -1 point
(StochRSI indicator)
StochRSI = (K + D) / 2
StochRSI > 50: +1 point
StochRSI = 50: 0 points
StochRSI < 50: -1 point
(CCI indicator)
CCI > 0: +1 point
CCI = 0: 0 points
CCI < 0: -1 point
(supertrend indicator)
direction < 10: +1 point
direction = 0 : 0 points
direction > 10 : -1 point
(PVT indicator)
PVT > Signal: +1 point
PVT = Signal: 0 points
PVT < Signal: -1 point
It is displayed in the secondary indicator using the same calculation method as above.
To make it easier to view, we made it appear on the price chart.
Therefore, we have made it possible to check more intuitively by referring to the BW indicator point displayed on the price chart when trading.
To use this indicator, simply share this idea and then paste it into your own chart.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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