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Flow Indicator
מעודכן
The Flow Indicator is designed to help you identify potential breakout and reversal points by analysing market momentum, volume, and dynamic price zones. Here's how to effectively use this indicator in your trading:
1. Flow Zones
Flow High: This is the highest high over the specified Period. It acts as a resistance level.
Flow Low: This is the lowest low over the Period. It acts as a support level.
Flow Mid: The midpoint between Flow High and Low, acting as a pivot or balance point for price action.
2. Momentum Flow and Volume Pressure
Momentum: Calculated using the RSI, this helps you gauge the strength of the current price move.
Volume Pressure: The moving average of volume helps you understand the level of market participation.
3. Energy Surge
Energy Surge: This proprietary calculation combines momentum and volume pressure to identify potential "energy surges" in the market. When these surges occur, the market is likely to make a significant move.
Energy Multiplier: This input allows you to adjust the sensitivity of energy surges. Higher values make the indicator less sensitive, while lower values increase sensitivity.
4. Buy and Sell Signals
Buy Signal: A buy signal is generated when an energy surge crosses above the specified energyMultiplier and the price is above the Flow Mid. This indicates potential upward momentum with strong market participation.
Sell Signal: A sell signal is generated when an energy surge crosses above the energyMultiplier and the price is below the Flow Mid. This indicates potential downward momentum with strong market participation.
5. Visual Cues
Flow Zones: The indicator plots the Flow High, Low, and Mid lines on your chart. These help you identify key levels where price action is likely to react.
Energy Surge Histogram: The energy surge is plotted as a histogram, showing when these surges occur.
Background Colours: When a buy signal is generated, the background turns green, indicating a potential buy zone. Similarly, when a sell signal is generated, the background turns red, indicating a potential sell zone.
6. Practical Application
Trend Continuation: Use buy signals when the price is above the Flow Mid and the market is in an uptrend. Similarly, use sell signals when the price is below the Flow Mid and the market is in a downtrend.
Reversals: If a signal occurs near the Flow High or Low, it could indicate a reversal. For instance, if a buy signal is generated near the Flow Low, it could signal a reversal from a support level.
Breakouts: Watch for signals that occur as the price breaks through the Flow High or Low. These can indicate strong breakout opportunities.
7. Customisation
Flow Period: Adjust this setting to change the sensitivity of the Flow Zones. Shorter periods will react more quickly to recent price changes, while longer periods will provide more stable zones.
Momentum Period: This controls the sensitivity of the RSI-based momentum calculation. Shorter periods react faster, while longer periods smooth out the momentum.
Volume Period: This setting controls how the volume pressure is calculated. Adjust it based on the timeframe and market you're trading.
Energy Multiplier: Customise this to fine-tune the energy surge signals. Higher multipliers filter out weaker surges, focusing only on the strongest movements.
1. Flow Zones
Flow High: This is the highest high over the specified Period. It acts as a resistance level.
Flow Low: This is the lowest low over the Period. It acts as a support level.
Flow Mid: The midpoint between Flow High and Low, acting as a pivot or balance point for price action.
2. Momentum Flow and Volume Pressure
Momentum: Calculated using the RSI, this helps you gauge the strength of the current price move.
Volume Pressure: The moving average of volume helps you understand the level of market participation.
3. Energy Surge
Energy Surge: This proprietary calculation combines momentum and volume pressure to identify potential "energy surges" in the market. When these surges occur, the market is likely to make a significant move.
Energy Multiplier: This input allows you to adjust the sensitivity of energy surges. Higher values make the indicator less sensitive, while lower values increase sensitivity.
4. Buy and Sell Signals
Buy Signal: A buy signal is generated when an energy surge crosses above the specified energyMultiplier and the price is above the Flow Mid. This indicates potential upward momentum with strong market participation.
Sell Signal: A sell signal is generated when an energy surge crosses above the energyMultiplier and the price is below the Flow Mid. This indicates potential downward momentum with strong market participation.
5. Visual Cues
Flow Zones: The indicator plots the Flow High, Low, and Mid lines on your chart. These help you identify key levels where price action is likely to react.
Energy Surge Histogram: The energy surge is plotted as a histogram, showing when these surges occur.
Background Colours: When a buy signal is generated, the background turns green, indicating a potential buy zone. Similarly, when a sell signal is generated, the background turns red, indicating a potential sell zone.
6. Practical Application
Trend Continuation: Use buy signals when the price is above the Flow Mid and the market is in an uptrend. Similarly, use sell signals when the price is below the Flow Mid and the market is in a downtrend.
Reversals: If a signal occurs near the Flow High or Low, it could indicate a reversal. For instance, if a buy signal is generated near the Flow Low, it could signal a reversal from a support level.
Breakouts: Watch for signals that occur as the price breaks through the Flow High or Low. These can indicate strong breakout opportunities.
7. Customisation
Flow Period: Adjust this setting to change the sensitivity of the Flow Zones. Shorter periods will react more quickly to recent price changes, while longer periods will provide more stable zones.
Momentum Period: This controls the sensitivity of the RSI-based momentum calculation. Shorter periods react faster, while longer periods smooth out the momentum.
Volume Period: This setting controls how the volume pressure is calculated. Adjust it based on the timeframe and market you're trading.
Energy Multiplier: Customise this to fine-tune the energy surge signals. Higher multipliers filter out weaker surges, focusing only on the strongest movements.
הערות שחרור
Updated, removed the plotting of energy as it was throwing the chart off.כתב ויתור
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