Institutions Price Action Indicator
- Indicadores
- Agustinus Biotamalo Lumbantoruan
- Versión: 1.3
- Actualizado: 14 julio 2023
- Activaciones: 5
This indicators analyze particular candle that determines the trend.
It has 2 graphic lines
Moving average and dynamic support & resistance line
The colored MA is a leading indicator
Dynamic & Support resistance is a lagging indicator to confirm or strengthen the leading indicator
The candle also draws what institution candle in by default in blue color with green or red outline.
Green outline with blue body, indicate a very strong bullish candle
Red outline with blue body, indicate a very strong bearish candle
There's also purple candle that indicates an impulsive move that is moved by institutions.
Blue candle is more preferable because you could set its strength with variable "Big Candle".
By default Big Candle input variable is set to 5. The higher it is, the strong the candle is but it becomes very rare to find.
A candle could be a Big Candle & an Institution Candle at the same time. When such case happens, the indicator will draw it in blue color, categorize it as a Big Candle.
When there's a yellow candle (break candle) appears after the purple or blue candle, it indicates market is resting before it continues or reverse the trend.
When MA & Dynamic SR are blue, look to long the market
When MA is blue & Dynamic SR is red vice versa, it's neutral
When MA is red & Dynamic SR is red, look to short the market
