This is my custom channel (Bear Channel!? :)) derived from BB/STARC. It uses both ATR/STDEV for plotting the bounds.
I use COG (Center of Gravity) for deriving the baseline. This enables it to track the price action better than many other channels that make use of MAs or simply "close". Indicator also marks "squeezes" (stdev bands come inside ATR bands). Pay attention to these, as these usually indicate a move.
I am still exploring this indicator on different BTCUSD time frames, would love to hear your feedback / setups for other instruments.
Hey guys, i really like this one. Yet still i have problems figuring out how to make proper use of it. Can someone drop me a hint or a good source to a read about channels like this one? I haven't found anything sufficient yet.
QuantitativeExhaustion
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Buy straddles/strangle options when you see the blue crosses
Kurbelklaus
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Ah thank you that helps :) Basically this was my problem since the squeeze only indicates a move but not the direction. I am just not sure if this is possible on BFX.
TheLark
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Something like this works better for all symbols, rather than a hard set 2: