This algo tries to tell you if the market is a trending market or a mean reversion one.
By checking how many times the correlation between the last seven candles is positive or not, and it will show the evolution of the market
Generally a trending market is one above 30 and short swing strategies will work better on this type of markets
It also shows probabilities of different candles setups like 7 Up candles in a row or the probablility of an up candle after 6 Up straight candles
By checking how many times the correlation between the last seven candles is positive or not, and it will show the evolution of the market
Generally a trending market is one above 30 and short swing strategies will work better on this type of markets
It also shows probabilities of different candles setups like 7 Up candles in a row or the probablility of an up candle after 6 Up straight candles