Institutional Panel - TFO + ADX + ER Flow + MTF Table

🔎 **Institutional Panel – TFO + ADX + ER Flow (MTF)**

This indicator is designed to answer one core question:

👉 **Who is winning the battle? Buyers or sellers?**

It combines:

* **TFO (money flow polarity)** → Direction bias
* **ADX (trend engine)** → Market state (Trend or Range)
* **ER-like Flow (Result vs Effort)** → Strength behind the move
* **MTF Table (High / Mid / Low TF)** → Multi-timeframe alignment
* **Verdict system** → Break vs Hold probability logic

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## 🧠 How To Read It

### 1️⃣ Direction (DIR)

* ALTA / BAIXA / NEUTRO
* Based on TFO polarity with a neutral band
* Shows which side controls the order flow

### 2️⃣ State (ESTADO)

* TREND ↑ / TREND ↓ → ADX engine active
* RANGE → Low momentum environment

If ADX is low → expect chop
If ADX is strong + direction aligned → expect continuation

### 3️⃣ Flow (ER)

* FORTE → Price moving efficiently
* MÉDIO → Balanced
* FRACO → Absorption / possible trap

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## 🎯 How To Use In Trading

### ✔ Breakout Bias

If:

* 2 or more timeframes aligned
* Flow = STRONG
* ADX active

→ Higher probability of zone break

### ✔ OB Hold Bias

If:

* Flow = WEAK
* Mixed directions
* ADX low

→ Higher probability of rejection

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## ⚠ TRAP Signal

Volume climax + weak efficiency + stretched TFO
Can indicate exhaustion or liquidity trap.

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💡 Best used together with:

* Order Blocks
* Liquidity zones
* Fair Value Gaps
* Structure shifts

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⚠ Educational tool only. Not financial advice.