Demo of automated head and shoulders with XRB BTC hourly crypto currency data from Binance
This is a powerful indicator or trading patterns which is generated automatically. As explained in the data, I can only get this working with hourly data since it needs about 1000 data points. I can confirm it seems to download hourly data from both Bitmex and Binance using ccxt Python package. Always remember this is the potential market entry point once the closing price rises above the green dot. This pattern also needs to be verified against other patterns and indicators that I have among my arsenal.
Note that this is a very crude chart for mechanical demo purposes with no proper timing displayed on the horizontal axis. It seems to work ok.
I have no interest right now in inverted head and shoulders sinceI only have an interest in longing for now.
More info head and shoulders info
Correction from the video means that the green dot should represent the expected price move:
You can see that once the price goes below the neckline it makes a move that is at least the size of the distance between the head and the neckline.
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