Everything seems green for META. Successfully break away from the channel and close the gap. Only 1 Red trend candle in year 2023 so far. Selling Volume (Green MCDX bar) is steadily decline while Buying Volume kept increasing (Red MCDX bar) FiFT remain GREEN = Strong Bull with multiple further buy signal.
Hi, thank you for your analysis. About your MCDX indicator, red bars are bankers, it's bullish indicator. What will happen/ how we can know if bankers sell it?
Dark Red is Active buying. Dark Green is Active Selling. From our observation, most stock will rally, we there's 0% GREEN. i.e. Buying is dominating and in control.
Formydreams
⋅
so, light red is active selling from bankers then? it's a little bit confusing, there are four colors here, dark - light red, dark - light green. greens are retailers and red is bunkers. am I right? so, dark green is active selling, you said. so, it's from retailers? since green is retailers. for the same logic, light red will be active selling, from bunkers?
kgiap123
⋅
@Formydreams, No.. Red is buying activity.. Lighter red is weak buy. Strong Red is active buy. Green is Selling activity.. Light green is weak sell. Strong Red is active sell. If more yellow, then it is indecisive.. i.e sideway.
Formydreams
⋅
@kgiap123 so, where is the indicator of bunkers and retailers?
About your MCDX indicator, red bars are bankers, it's bullish indicator. What will happen/ how we can know if bankers sell it?