Green & red streaks

Check out one of our founders explaining this report in the video below:

This report shows a products tendency to have back-to-back green (rising) or red (falling) days. The graphs in the report show four different metrics for both green and red days: Average streaks, mox streaks, average streak performance and max streak performance. The Gear icon gives you the option to look at week and month streaks.

Now lets take a look at some live chart examples:

RED DAY STREAK : In the example above we see a three red day streak with a 1.07% drop. The averages streak is 1.98 days with an average performance of .60%. The max streak is 6 days with a max performance of 1.02% . Taking profit on the third day would have been a good move since there was a reversal on the forth day

GREEN DAY STREAK: In the same example we see a four day green streak with a 2.25% rise. The average streak is 2.52 days with an average performance of -0.44%. Again taking profit on the third and forth day would have been a good move since there was a reversal on the fifth day.

HOW DO I USE THIS IN MY TRADING ?

Recognizing a products streak patterns hints at its momentum, potentially helping traders anticipate if a trend might continue or reverse. Longer streaks, either green or red, might indicate stronger market sentiment in a particular direction. If you are in a swing trade, taking some profits around the average streak/performance could be a good idea. Seeing a streak reaching max days/performance could indicate continuation or reversal of trend depending on the current trend.