RE: Crypto Academy / Season 3 / Week 6 - Homework Post for [@asaj]: Vortex Indicator Strategy
Superb performance @leomolina!
Thanks for performing the above task in the sixth week of Steemit Crypto Academy Season 3. The time and effort put into this work is appreciated. Hence, you have scored 8.5 out of 10. Here are the details:
| Explain the vortex indicator and how it is calculated | ||
| Is the vortex indicator reliable? Explain | ||
| Add VI to a chart and give the recommended parameters | ||
| Explain the divergence of vortex indicator with examples | ||
| Use the signals of VI to buy and sell any two cryptocurrencies | ||
| Total |
Remarks
Overall, this is an excellent work. However, using an indicator you just learnt about to perform live trades is quite a risky move. That's why I suggested the use of demo accounts.
That said, you demonstrated a good understanding of the topic. I did notice that your explanation and chart about bullish divergence of the +VI trendline and price chart isn't quite convincing. Also, your signals in Task 5 was way too into the trend before you made the trade.
As a reminder, once the positive VI trendline (blue line) rallies across the negative VI trendline (red line), that is a buy signal. Waiting too longer after the interception isn't the best decision.
Again, thanks for sharing your thoughts with us.