📜 ––––HISTORY & CREDITS–––– This Pine Script Utility indicator, titled " Closing Range Indicator," is designed and developed by TintinTrading but inspired by the teaching of Investor's Business Daily (IBD) and William O'Neil. It aims to help traders identify the closing range of a given timeframe, either daily or weekly. 🦄 –––UNIQUENESS––– The unique feature...
Traders are represented by red lines, they move fast Investors are represented by green/orange lines, investors move very slow When you see some quick moves from traders, you can take the opposite side of the trade because you know investors are behind you and are very slow to change position. How to use : When the green / orange lines are contracting, the...
Series of moving averages showing traders and investors positions.