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RE: Crypto Trading With Chaikin Money Flow Indicator- Crypto Academy S4/W6 - Homework Post for professor @kouba01

in SteemitCryptoAcademy3 years ago

Hello @kwadjobonsu,
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|9.5/10 rating, according to the following scale:

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

My review :

Great content, thanks to which you managed to get an excellent grade, and here are some observations.

  • Detailed explanation of the indicator and its characteristics.

  • Your choice of using only two periods was smart, but it did not enable you to obtain a correct final result, as the value of the indicator ranges between +1 and -1.

Either way, the preferred length should be adjusted to the trader’s style of trading. Short-term traders may choose shorter lengths, whereas Long term traders can decide to go in for longer lengths.

  • 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.

  • Your remaining answers were excellent 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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