- Volume spike measures the price increase or decrease of a code by checking the trading volume spike compared to the past 20 candles:
... If the candle closes down (red candle) - Bear alert.
... If the candle closes up (green candle) - Bull alert.
... Does not measure % price like Tradingview's Heat Map.
>>> When the market Up or down, traders choose any preferred pair to trade with the expectation that the selected product will follow the majority.
* The indicator is for reference only, hope to increase the probability of success. So need to manage risk (1-2%).
Formula:
- Current trading volume is greater than 4 x the average volume of 20 candles in the past.
... If the candle closes down (red candle) - Bear alert.
... If the candle closes up (green candle) - Bull alert.
... Does not measure % price like Tradingview's Heat Map.
>>> When the market Up or down, traders choose any preferred pair to trade with the expectation that the selected product will follow the majority.
* The indicator is for reference only, hope to increase the probability of success. So need to manage risk (1-2%).
Formula:
- Current trading volume is greater than 4 x the average volume of 20 candles in the past.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.