TradeStation

Price Streak Is Another Way to Spot Trends

Price is never wrong, but sometimes reading it can be tricky.

Movements in the broader market or a sector can distract from a symbol that's been steadily trending in one direction or another. Sometimes the beginning of a move can also be so subtle that it flies under most people's radar.

Price Streak can help overcome these limitations by tracking consecutive up/down periods. It plots an easy-to-read color-coded histogram.

Because it simply counts the candles in a trend, Price Streak can give a clearer picture than magnitude-biased indicators like relative strength or MACD .

Applying Price Streak to the daily chart of Bitcoin Dominance , we find something very interesting right now: the longest drop since March 2017.

That moment in history, almost three years ago, marked the beginning of the last Altcoin bull market. Ethereum , for example, went from roughly $60 to over $1,300 in the following nine months.

While past performance isn't a guarantee of future results, this illustrates how sustained price moves can reveal changes in character.

Based on Price Streak's current reading, it may support the idea of another Altcoin cycle beginning now.
Remove from Favorite Scripts Add to Favorite Scripts

Comments

script does not work cant be verified
var Upcount = 0
var Dncount = 0
var Pcolor = color.gray

These lines colon(:) Expected
Reply
must check with price streak on Total2
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out