OPEN-SOURCE SCRIPT

MM Wash Detector - Child Words

43
Name: MM Wash Detector – Child Words

MM = Market Maker (the big players who can push the price around to grab other people’s money/liquidity).

What it looks at:

This indicator looks at weekly candles (big picture, not tiny intraday moves) and checks for two things:

Bear Wash (BW) – “Price got pushed down”:

The candle had a long lower wick (price went down a lot)

The body of the candle is small (not much net movement down)

Volume is okay (not too low)

Interpretation: The big players tried to push the price down to make people sell, but the price recovered.

Child-friendly label: “Price went down, maybe now it goes up 🙂”

Bull Wash (SW) – “Price got pushed up”:

The candle had a long upper wick (price went up a lot)

The body of the candle is small (not much net movement up)

Volume is okay (not too low)

Interpretation: The big players tried to push the price up to make people buy, but the price fell back.

Child-friendly label: “Price went up, maybe now it goes down 😯”

免責聲明

這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。