RE: Crypto Trading Using Trix Indicator - Steemit Crypto Academy - S6W3 - Homework post for @kouba01
Hello @hammadahmed112,
Thank you for participating in the 3rd Week Crypto Course in its 6th season and for your efforts to complete the suggested tasks, you deserve a Total|5/10 rating, according to the following scale:
| Criteria | Rating |
|---|---|
| Originality | 0.5/ 2 |
| Compliance with topic | 0.75 /1.5 |
| Consistency of method | 1/2 |
| Quality of analysis | 0.5 / 2 |
| #club5050 | 1/1 |
| Clarity of structure and language | 1.25 / 1.5 |
My review:
Work with medium content, where all the answers were varied in terms of analysis and examples adopted to explain the points raised for interpretation. Here are some notes:
You have demonstrated a clear understanding of the TRIX indicator as a crypto trading indicator as well as how it works.
In the second question you didn't give an example of how the value of the indicator calculated at time t and likewise the interpretation of its best setting was superficial.
On the third question, an acceptable explanation of how to predict whether the trend will be bullish or bearish and determine the buy/sell points but you did not explain the difference in its effectiveness in the short term and in the medium/long term.
In the fourth question, you compared the two indicators Trix and MACD well.
For question 5, You have briefly shown that the combination of zero line cutoff and divergences makes Trix operationally very sound.
In question 6 you combined Trix with RSI to explain how it will make the indicator work better as a filter and help weed out false signals, however you didn't dive deeper into the idea.
We thank you again for your effort and we look forward to reading your next work.
Sincerely, @kouba01