OPEN-SOURCE SCRIPT
Saldo Detector (actions and futures) v6
/version=6
indicator("Balance Detector (stocks and futures) v6", overlay=true)
This indicator, as its name suggests, monitors balances—the contracts gradually placed by HFTs, which are what move the market. It's important for traders to understand their assets to know the average movement and test the number of contracts and adjust them for the stock and futures market where it can be used. It's important to know that the timeframe also matters, as the number of contracts will be smaller in shorter timeframes, and as the timeframe increases, you can see the average movement rate. Enjoy, and I hope it adapts and helps with your investments. If you want to change the code, feel free.
indicator("Balance Detector (stocks and futures) v6", overlay=true)
This indicator, as its name suggests, monitors balances—the contracts gradually placed by HFTs, which are what move the market. It's important for traders to understand their assets to know the average movement and test the number of contracts and adjust them for the stock and futures market where it can be used. It's important to know that the timeframe also matters, as the number of contracts will be smaller in shorter timeframes, and as the timeframe increases, you can see the average movement rate. Enjoy, and I hope it adapts and helps with your investments. If you want to change the code, feel free.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.