Interesting. Problems I see: - It is lagging behind - It is rather an indicator of what the "dumb money" or the "weak hands" ("the crowd") does. I guess the hedge funds and prop traders don't google their stocks before they buy
But why do you suppose Wall Street firms spend a small fortune on data mining every year? Because it works.
%% THAT; + plenty of % depends on starting date.......................... I use a PSAR works/ perfect on silver spike to $50 area; not really the key to Ft KNOX
I think this can be useful up to a certain degree. You can check from time to time. Especially when it comes to meme stocks and hype stocks, if you are in for the uptrend and looking for a signal as to when to sell, this can work in your favor. When you see the Google trends indicator reaching extreme levels, it would not be illogical to thinking about getting out. But idk whether or not it can be used in a reliable way for buying or loading up on calls. Because once you hear about a stock or a ticker on a forum, discussion boards, social media or mainstream television, the stock will have already gone up a few X'es. Even if you are in way early, it would not be visible enough on Google trends to give you a solid conviction. So, not a 100% useful, but it's definitely worth checking out from time to time.
Using Google Trends in forex trading strategies can be helpful for analyzing search volume and popularity of relevant keywords, enabling you to gauge market sentiment and anticipate price movements. For instance, you can compare the interest in different currency pairs over time or monitor the impact of major events on the forex market. However, it's important to note that Google Trends is not a guarantee of success or profitability. Conduct thorough research, analysis, testing, and risk management before implementing any strategy. Be aware of limitations such as data quality and reliability. Use Google Trends as a complementary tool alongside other sources of information and analysis to enhance your trading decisions.