Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
Dear Followers,
does volume say something about market makers and what will happen in near future? Today a new Price Action Tool, the "Volume that matters" indicator.
When a Market Maker executes his/her orders, there is no way he/she can do it without giving us some footprints: volume! Specific Volume spikes happen as
reactions at support or resistance range, as well as at supply and demand zones
market makers' actions
trend switching in short-term and mid-term future
They can be both bullish or bearish, but the real problem is that not all, but only a few volume candle matters! And this tool will filter them for you.
This indicator works
on every timeframe (eg. 15m, 30m, 1h, 2h, 4h, 6h, 1D, ...), the higher, the better!
on cryptocurrencies (eg. XBTUSD, ETHUSD, ETHBTC, both USDT and BTC markets, ...)
on forex (eg. EURUSD, GPBUSD, JPYUSD, ...)
on stocks (eg. AMZN, FB, TSLA, GOOG, NFLX, ...)
on commodities (eg. GOLD, SILVER, OIL, ...)
This indicator has following options:
edit volume filter and period analysis
edit filter based on fixed or percentage volatility change
edit filter based on candle value size
show a suggestion of possible entries and stoploss
You can enhance your trading by using it together with my "Engulfing that matters", my "Pinbar that matters" and my "Breaker Blocks (BB) and Supply/Demand Order Blocks (OB)" indicators, so you can easily spot confluences and have more confidence in trades.