RE: Crypto Academy / Season 3 / Week 6 - Homework Post for [@asaj] …Vortex Indicator Strategy

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Crypto Academy / Season 3 / Week 6 - Homework Post for [@asaj] …Vortex Indicator Strategy

in hive-108451 •  3 years ago  (edited)

Good job @ellipsebd!

Thanks for performing the above task in the sixth week of Steemit Crypto Academy Season 3. The time and effort put into this work is appreciated. Hence, you have scored 7 out of 10. Here are the details:


No.
Task
Grade
1
Explain the vortex indicator and how it is calculated
2 / 2
2
Is the vortex indicator reliable? Explain
1.5 / 2
3
Add VI to a chart and give the recommended parameters
2 / 2
4
Explain the divergence of vortex indicator with examples
0 / 2
5
Use the signals of VI to buy and sell any two cryptocurrencies
1.5 / 2
Total
7 / 10

Remarks

It is quite obvious you did some additional research. This is what the crypto academy represents – learning about new concepts through research. And you have done well for most parts.

However, it was noticed that the last part of the paragraph below extracted from task 2 of your work isn't properly worded.

But if you want to get good results from the Vortex indicator, it is recommended to work with 14-28 period length. Here is the blue and red line. If the blue line is above the red line, you have to assume that the market is in the uptrend, then when the buy signal is above the red line, then you have to understand that the market is in the downtrend, so it is the sell signal.

Also, you could have done better in the fourth task. The explanation you gave about bearish and bullish divergence isn't accurate. Also, the charts you uploaded for that task do not depict what the divergence of VI and price means.

Though you didn't perform any demo trade in the fifth task, your explanation was clear and the charts depicted the signals correctly.

Thanks Nur Muhammed, for sharing your work with us.

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Thanks for your valuable feedback. I will try to improve in my future homework.