Logarithmic Rainbow

[Iceman1205us]

I found this interesting image and unsuccessfully searched here and Google to see if there was a Thinkorswim equivalent:

Would this be a good swing trade indicator for a log chart? Would the math be just +/- standard deviations from center yellow?

Reddit post I swiped the image from:

https://www.reddit.com/r/CryptoCurrency/comments/xzr3rs

Thanks.

 

[mashume]

It only works on unicorn IPOs anyway. (and well chosen bitcoin charts, apparently)

just kidding. been a long day.

I haven't seen anything like that previously.

-mashume

 

[Iceman1205us]

It only works on unicorn IPOs anyway. (and well chosen bitcoin charts, apparently)

just kidding. been a long day.

I haven't seen anything like that previously.

-mashume

You may be right - digging into it a bit more on how it's calculated is not promising:

https://www.reddit.com/r/Bitcoin/comments/p3uvze

Lol one of the comments;

"This chart was created by Über Holger, CEO of Holger and responsible for the content of the website, using a logarithmic regression introduced by the Bitcointalk user trolololo in 2014, with which the coloured bands were created.

However, Holger admits that these bands are completely arbitrary and without any scientific basis, so they are only correct until one day maybe they won’t be anymore."

I'm going to look and see if I can Frankenstein something using Vwap. However, probably a dead end.

 

[halcyonguy]

i remembered seeing this and thought it might spark some ideas.
https://funwiththinkscript.com/indicators/polynomial-regression-channel/

https://usethinkscript.com/threads/...nel-prc-quadratic-regression.1491/#post-77701