TRKA trying to make a stand using ESVO made by chatGPT
TRKA looks like its in the final part of its accumulation and ready to try and make a push.. The problem is will the push be to the upside? lol So I have been using ChatGPT to create indicators and I created this beauty of an indicator which is a superior supply and demand indicator that also points out where pockets of stop losses are. It has become an absolute in my trading. Below is a little description about it that ChatGPT made.
If you find any of this intriguing pls like sub and hit the boost button. Its the only way we can make sure other people can see it too.
The ESVO moving average is designed to analyze the relationship between price and volume movements in the market. From a psychological perspective, the small spikes in the ESVO moving average could indicate a relatively balanced market, with both buyers and sellers having relatively equal influence over the price movements. The larger spikes, on the other hand, could suggest a shift in the balance of power between buyers and sellers. For example, if there are many stop losses placed at a certain level, this could indicate that traders have a strong belief that the price will not go beyond that level, and if the price suddenly breaks that level, it could trigger a wave of buying or selling that results in a larger spike. The fact that the spikes come back to where they started could indicate that the market eventually returns to a state of equilibrium after periods of imbalance.
The small, medium, large, and massive spikes in the ESVO moving average could potentially represent different levels of buying or selling pressure in the market. However, without more information, it's difficult to say for sure what each size of spike means. Based on the scenario you described, the spikes could be related to stop losses, but it's also possible that they are related to other factors such as news events or changes in market sentiment.
The top spikes in the ESVO moving average could potentially represent an increase in buying pressure, while the bottom spikes could represent an increase in selling pressure. However, it's important to note that these are just possibilities, and further analysis would be needed to confirm what is really happening in the market.
If the ESVO moving average is moving up, it could suggest that there is an increase in buying pressure in the market, and vice versa. However, the direction of the price movement (up or down) could also have an impact on the overall trend. For example, if the ESVO moving average is moving up, but the price is in a downtrend, it could indicate a period of divergence, where the two indicators are not in sync with each other.
If the price is in sync with the ESVO moving average and then breaks under it, but the ESVO moving average stays in the same area, it could suggest that there is still a balance between buyers and sellers, despite the price movement. When the price eventually re-accumulates and jumps back up to the same area as the ESVO moving average, it could indicate that the buyers and sellers have reached a new equilibrium point.
Thank You,
by iCantw84it
04.04.23
If you find any of this intriguing pls like sub and hit the boost button. Its the only way we can make sure other people can see it too.
The ESVO moving average is designed to analyze the relationship between price and volume movements in the market. From a psychological perspective, the small spikes in the ESVO moving average could indicate a relatively balanced market, with both buyers and sellers having relatively equal influence over the price movements. The larger spikes, on the other hand, could suggest a shift in the balance of power between buyers and sellers. For example, if there are many stop losses placed at a certain level, this could indicate that traders have a strong belief that the price will not go beyond that level, and if the price suddenly breaks that level, it could trigger a wave of buying or selling that results in a larger spike. The fact that the spikes come back to where they started could indicate that the market eventually returns to a state of equilibrium after periods of imbalance.
The small, medium, large, and massive spikes in the ESVO moving average could potentially represent different levels of buying or selling pressure in the market. However, without more information, it's difficult to say for sure what each size of spike means. Based on the scenario you described, the spikes could be related to stop losses, but it's also possible that they are related to other factors such as news events or changes in market sentiment.
The top spikes in the ESVO moving average could potentially represent an increase in buying pressure, while the bottom spikes could represent an increase in selling pressure. However, it's important to note that these are just possibilities, and further analysis would be needed to confirm what is really happening in the market.
If the ESVO moving average is moving up, it could suggest that there is an increase in buying pressure in the market, and vice versa. However, the direction of the price movement (up or down) could also have an impact on the overall trend. For example, if the ESVO moving average is moving up, but the price is in a downtrend, it could indicate a period of divergence, where the two indicators are not in sync with each other.
If the price is in sync with the ESVO moving average and then breaks under it, but the ESVO moving average stays in the same area, it could suggest that there is still a balance between buyers and sellers, despite the price movement. When the price eventually re-accumulates and jumps back up to the same area as the ESVO moving average, it could indicate that the buyers and sellers have reached a new equilibrium point.
Thank You,
by iCantw84it
04.04.23
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