INVITE-ONLY SCRIPT
UnFilled Order Candle
CONCEPTS
UnFilled Order is a trace of institutional position in the price action. We use UnFilled order as Supply & Demand magnet that usually indicate remaining big limit orders that can not be absorbed by the market due to the speed of price change that makes an absence of buyers/sellers in the area.
UnFilled Order formed in pattern such as Rally-Base-Rally, Rally-Base-Drop, Drop-Base-Drop, or Drop-Base-Rally. Base has small body candle compared to its near candles.
DETAILS & EXAMPLE OF HOW TO USE
On Nasdaq chart, the light green indicate bull candle base, and orange indicate bear candle base. It appear in the middle of strong Drop-Base-Rally and never touched after that. Place buy limit on the proximal (upper) level as entry.
FEATURES
LIMITATIONS
UnFilled Order is a trace of institutional position in the price action. We use UnFilled order as Supply & Demand magnet that usually indicate remaining big limit orders that can not be absorbed by the market due to the speed of price change that makes an absence of buyers/sellers in the area.
UnFilled Order formed in pattern such as Rally-Base-Rally, Rally-Base-Drop, Drop-Base-Drop, or Drop-Base-Rally. Base has small body candle compared to its near candles.
DETAILS & EXAMPLE OF HOW TO USE
On Nasdaq chart, the light green indicate bull candle base, and orange indicate bear candle base. It appear in the middle of strong Drop-Base-Rally and never touched after that. Place buy limit on the proximal (upper) level as entry.
FEATURES
- Adjustable body candle ratio
LIMITATIONS
- The Indicator should be combined with other higher timeframe analysis method to determine bias and trend.
We create script for traders. DM for access.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
We create script for traders. DM for access.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。