I recommend using the Cashflow indicator to see the full market story. When programmed, it shows:
Green = a lot of buying
Yellow = people closing long positions
Red = people shorting the market
Orange = people closing short positions
Grey = market noise
These are my interpretations of the market behavior and not necessarily accurate in times of low volume. I recommend avoiding consolidation days.
Green = a lot of buying
Yellow = people closing long positions
Red = people shorting the market
Orange = people closing short positions
Grey = market noise
These are my interpretations of the market behavior and not necessarily accurate in times of low volume. I recommend avoiding consolidation days.
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.