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RE: [Crypto Trading With Chaikin Money Flow Indicator]- Crypto Academy S4W6 - Homework Post for professor @kouba01

in SteemitCryptoAcademy3 years ago

Hello @silencewan,
Thank you for participating in the 6th Week Crypto Course in its 4th season and for your efforts to complete the suggested tasks, you deserve a Total|8.75/10 rating, according to the following scale:

OriginalityCompliance with topicConsistency of methodQuality of analysisClarity of structure & language
(1.5/2)
(2/2)
(2/2)
(1.5/2)
(1.75/2)

My review :

  • Although you have provided a series of information in your explanation of the CMF indicator, it lacks a clear methodology.

  • You gave a clear example but it is not correct where you have to provide the results of the previous period 19 to get the result of the period 20. It was possible to add your opinion on the result obtained.

All traders have a different mindset of going into trades. We have some that deal in short-term trades which will require different use of indicators and those into long-term trading. So basically, this solely depends on the trader.

  • Chaikins suggests 21 days as the default setting. That corresponds approximately to a trading month. If the number of periods is larger, the indicator is less volatile and less prone to sideways movements. In a weekly or monthly chart, the number of periods should be reduced.

  • The rest of the answers were at a good level in terms of explanation and depth of analysis.

Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01

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 3 years ago 

Thank you professor. I’m always glad to partake in your works. I’ll take note about all said next time.

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