When the market falls, most traders don't know when the bottom is, they are worried that the fall will continue after buying the dip, and they are even more worried about missing the bottom and missing profits.
⏩Indicator: Mega Buying Force, the intelligent algorithm judges the energy of bottom-buying, and prompts the sentiment of bottom-buying.
⏩Principle overview:
The core of Mega Buying Force is to calculate the position and sentiment of bottom-buying through the rate of price rebound and the distribution of corresponding transaction positions. For example, looking at the 4h level, when the price falls below a new low, if there is a long red candle with a large downward pin-bar, it means that there is a bottom-buying sentiment. If it is subdivided into a 1h level or even a 1m level, you can see in more detail how much trading volume there is at a certain price..
These momentum may seem scattered, but they are concentrated in a larger level. If the position is lower, it means that the bottom support is stronger. If the entire downward pin-bar has a larger trading volume, it means that the support of the range is stronger, so as to explore the bottom-hunting sentiment and intention of the market and find the bottom support.
⏩Usage：
Quantity and emotion of bottom-buying. "Brown-yellow cone" represents the sentiment and intention of bottom-buying, which means that there is support at the bottom of the stage, and it may go sideways or rebound. The size of the cone represents the strength of purchasing power.
🧿Tip I：
In a falling or fluctuating market, if there is a bottom-buying energy, it means that there is a bottom-buying sentiment. When the amount can change from high to low, it means that the short-term bottom-buying sentiment is over, and it is a bullish signal at this time.
🧿Tip II：
During a round of continuous decline, there may be multiple signals, and these signals can be compared to determine the strength of the bottom-buying sentiment. The larger the energy cone for buying bottoms, the stronger the sentiment for buying bottoms.
but! If a new round of sharp rise is ushered in after the signal appears, the follow-up signals should be compared from the new decline.
*The signals in the indicators are for reference only and not intended as investment advice. Past performance of a strategy is not indicative of future earnings results.
⏩Indicator: Mega Buying Force, the intelligent algorithm judges the energy of bottom-buying, and prompts the sentiment of bottom-buying.
⏩Principle overview:
The core of Mega Buying Force is to calculate the position and sentiment of bottom-buying through the rate of price rebound and the distribution of corresponding transaction positions. For example, looking at the 4h level, when the price falls below a new low, if there is a long red candle with a large downward pin-bar, it means that there is a bottom-buying sentiment. If it is subdivided into a 1h level or even a 1m level, you can see in more detail how much trading volume there is at a certain price..
These momentum may seem scattered, but they are concentrated in a larger level. If the position is lower, it means that the bottom support is stronger. If the entire downward pin-bar has a larger trading volume, it means that the support of the range is stronger, so as to explore the bottom-hunting sentiment and intention of the market and find the bottom support.
⏩Usage：
Quantity and emotion of bottom-buying. "Brown-yellow cone" represents the sentiment and intention of bottom-buying, which means that there is support at the bottom of the stage, and it may go sideways or rebound. The size of the cone represents the strength of purchasing power.
🧿Tip I：
In a falling or fluctuating market, if there is a bottom-buying energy, it means that there is a bottom-buying sentiment. When the amount can change from high to low, it means that the short-term bottom-buying sentiment is over, and it is a bullish signal at this time.
🧿Tip II：
During a round of continuous decline, there may be multiple signals, and these signals can be compared to determine the strength of the bottom-buying sentiment. The larger the energy cone for buying bottoms, the stronger the sentiment for buying bottoms.
but! If a new round of sharp rise is ushered in after the signal appears, the follow-up signals should be compared from the new decline.
*The signals in the indicators are for reference only and not intended as investment advice. Past performance of a strategy is not indicative of future earnings results.
版本注释:
Update - 2023.09.06
Optimize the alarm function. If you need to monitor the "power" signal, when creating an alarm, set the condition bar to:
Mega Buying Force --> "power" --> Crossing Up --> value -> 0
Optimize the alarm function. If you need to monitor the "power" signal, when creating an alarm, set the condition bar to:
Mega Buying Force --> "power" --> Crossing Up --> value -> 0