Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
TERA
on 19/06/2014, 09:25:07 UTC
I set up a few automated charts here for anyone interested:
http://ripple.tech-trader.net/?pair=BTC-USD

Main value of the algos there are the trendlines and support/resistance drawing, which are strength-weighted based on how well the levels are tested.  I'm also working on a few automated strategies for the trading itself if anyone's interested in collaborating.

I'm mainly watching to see if the support at $550 holds.  If not, I'd expect a test of the next closest trendline below that.

The buy signal from Tech Trader a few days back ended up working quite well.  Is anyone else taking an automated approach to this?
I think the divergence pattern was obvious and didn't need any tools. The eye looking at raw price and volume is the best tool.