Level 2 Trading
- Indicators
- Thomas Bradley Butler
- Version: 1.0
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COMBINE WITH TRADING IN THE ZONE: https://www.mql5.com/en/market/product/110194
COMBINE WITH VOLUM DAY TRADER: h https://www.mql5.com/en/market/product/72498
COMBINE WITH ORDER BOOK: https://www.mql5.com/en/market/product/102247
Trade what's in the candles. How many buyers or how many sellers, bullish candles, bearish candles. Identify who is in control of the market.
This indicator is a sentiment indicator that shows buyer and seller volumes over a number of the past bars. Many sentiment indicators are too fast and it is hard to determine the trading direction. I changed the graphics to reflect day trading. The bids and asks are from the volume of a number of bars traded over a period of time making it more suitable for day trading.
The volume coming in has been slowed down compared to faster volume sentiment. Trading on 5 minute to 1 hour is best. FX and stocks can be traded as well as cryptos and Indices. This can work in conjunction with my other indicators. Principles in market making have to do with keeping a balanced market and then one element takes over and that is the buyers or sellers and then back to balance.
This level 2 indicator is easy to read and use, just follow the volume and trade for some decent scalps. Load in back tester to try out and see if it works for you strategy
Rules
- Load indicator
- Wait till buys or sells overcome
- Take positions until market evens out
Hello, there is no attached image in the icon style in the indicators. If you are interested in purchasing, please contact me. Thank you.