Hello Traders! I just wanted to post a quick idea on an observation I had. I am an engineer first, and a trader second, so this obviously isn't financial advice. Anyways, onto the idea!
I've been working on an indicator for a bit, and have come up with a moving average formula that seems to help predict price movement a bit. I am still in the testing phases of this indicator, so I'm not entirely sure on the validity of these findings yet. I will say however, many of these discrepancies in moving averages have played out as predicted.
The idea should be pretty self explanatory by viewing the attached picture. The main picture will be based on the 1D chart. I will also show a follow up chart based on the 15m chart to show examples of the ideas in motion.
Thanks for reading! GLHF! NFA!