It displays the amount of buyers and sellers in a more friendly and understandable manner. Thus, it is possible to more accurately determine whether the win bears or bulls.
There are previously learned patterns of behavior, but in essence we are a support during the decision-making. Also, if the entry into the market has already been made, it is possible to obtain confirmation of a trend change of approach, and get out before it changes.
Because of the simplicity of the indicator there are no adjustable parameters, except for setting color bars. It is suitable for all timeframes and markets.
Miguel Angel Vico Alba. Of IT-engineer and freelance trader. CEO of Pathfinder Systems. The developer of technical indicators and experts for MetaTrader.
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