This indicator displays how many buyers and sellers are trapped into their positions. These figures are calculated by comparing the price they entered their positions, to the current price +- trading fees.
This indicator also features an option to account for trading fees, so that it can be used as reliably in the real world, on real people as much as possible!
The chart is a simple zero-line cross, displaying both buyers and sellers trapped in the form of a histogram.
Can you give an example of how you would use it to trade it? I have no idea how to use it to benefit from it.
Meesemoo
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@SonnyMahai, I personally do not use this indicator to trade. However, I think that you can use this indicator as confirmation for psychology based traders when entering a position. For example, if a trader wanted to enter a trade in anticipation of a future short squeeze, they could use this indicator as reinforcement for that position.
ntk98_2000
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@Meesemoo, could you pls share how to intepret this graph to find out which side is trap or how to make decision based on this pls? one example pls
nguyenvu97rm
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Thank you Sir. This is one of the best indicator.
ntk98_2000
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@nguyenvu97rm, Could you pls explain how would you use this indicator for your trading?
marquism
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Is it trapped if it's below zero line or above?
Gabit89
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Thank you, dear friend, for sharing this masterpiece.