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Trade Detector Indicator Free
Key Features The Trade Detector indicator offers several customizable features to suit your trading needs: Transaction Volume Threshold: Specify the minimum volume for a transaction to be considered significant. Time Interval: Set the maximum allowable time gap between consecutive transactions to detect rapid, large trades. Visual Alerts: Customize dot colors and line colors for buy and sell transactions. Sound Alerts: Configure different sound alerts for buy and sell transactions. Text Display: Choose to display the transaction time or volume directly on your chart. How It Works The Trade Detector indicator analyzes transaction data in real-time to identify large trades that meet your specified criteria. Here’s a detailed breakdown of how…
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Order Flow Trading Glossary
1 TICK TEST/FAIL This is a condition where the market tests the prior day’s high or low or the current IB high or low by 1 tick before finding the opposing force pushing it the other way. This is generally considered a failed test of a significant area. ABSORPTION Price Absorption occurs when aggressive market participants Hit the Bid or Lift the Offer on high volume, and are met with participants who “absorb” all of the orders. The effect of this price Absorption is that price moves very little or not at all. Price Absorption can often lead to short-term reversals when the original aggressive participants give up and close their positions. See Absorption Reversal. ABSORPTION REVERSAL An Absorption Reversal Long occurs where aggressive sellers…
