MastersOfTrading

MoT - [Analyst] - Force Ticks

**THE INDICATOR**

The powerful indicator is Force Ticks which shows the underlying direction of volume , amazingly showing you if Smart Money is accumulating or distributing.

Force Ticks is as mentioned above a fabulous indication of where the underlying direction of volume and volatility are heading in a certain market. It's a great tool to identify where smart money is making a move as smart money will do the opposite to what retail are doing (for liquidity purposes).

**THE CHART**

In this example we have EURUSD as the master chart on the Daily time frame.

**ON THE CHART INDICATORS**

Again in this example we have the EURUSD pair, at "A" we can see the Force Ticks indicator has turned Bullish breaking its downtrend and on the Chart we have a Bullish cross of one of our Moving Averages .

At "B" we can see with our Force Ticks the price is descending and force ticks have another bullish push to no effect. This shows you that retail believe the price will increase but institutions and smart money is offloading to the buyers. Force Ticks turn bearish.

At "C" on the chart we can see a compressive triangle forming. Consolidation Zone. Then we have the price and Force Ticks working together. Force Ticks clearly identify volume and volatility as bearish (this is retail shorting the market as best as they can), however, price gradually grinds higher as Smart money have been accumulating. Then we have a powerful break out North!

"D" is the Break Out confirmed by Force Ticks.

**MASTERS OF TRADING**

Many Thanks and Trade Safe!

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?