mertenes3

mertenes3

Stable resting orders act as a magnet. Agressive market order breaking into liquidity indicates continuation especially if liquidity is added to opposing side (liquidity flip). Succesfull breakouts shows liquidity flip meaning S becomes R or vice versa in terms of liquidity. A healthy up trend shows consecutive HH and HL, when there is a high volume LL and...

mertenes3

I am sharing my current approach for trading breakouts , please share your opinion on the comments section so we can have a discussion. Used Tools: Number Bars (Footprint chart) Liquidity Heatmap Volume Delta Volume Support and Resistance ATR For bullish resistance breakout z we setup alarms that alerts us when price is 2 atr below the...

mertenes3

Back in the day when floor trading was a thing, cunning extroverts ruled the market by reading other people's mind and manipulating them, using their strategies against them face to face. When we stepped towards digital age, the upper hand transitioned towards people who were able to read the orderbook and decipher the intentions of the market participants, also...

mertenes3

This is an example evaluation of BTMM model by Steve Maruo We see an asian range below 50 pips creating fake support and resistance lines we see london pumps above the channel and then price falls, when retail traders enters short position for zigzag trading they wipe out all of the stoplosses that are set by the book. They dump the price and as soon as New York...

mertenes3

In the provided chart there is a very clear bullish long term cup and handle chart, on top of that there is a sudden spike run as expected that verifies the bullish setup. Due to extreme bullish premise of the chart the consolidation area can be analyzed as the flag and the previous run as the pole, so what is the next expectation? You got it, it is another pole...

mertenes3

This new MA is consist of a combination of ema,dema, and tema. the formula follows: EMA+TEMA-DEMA This new method allow us to incorporate momentum into moving average calculation, by adding the spread between closest ma and the second closest ma to the third ma. The usage is similar to the usage of any ma, price crossover is a bullish, and crossunder is a...

mertenes3

Current S/R approach detects these levels on the spot by looking at swings, however although this is relevant it does not account for historical profile of that level this reduces credibility of the detection. On the other hand, my approach involves analyzing the historical data rather than the action zone, with addition of volume perspective. The idea is that if...

mertenes3

Current S/R approach detects these levels on the spot by looking at swings, however although this is relevant it does not account for historical profile of that level this reduces credibility of the detection. On the other hand, my approach involves analyzing the historical data rather than the action zone, with addition of volume perspective. The idea is that if...

mertenes3

Current S/R approach detects these levels on the spot by looking at swings, however although this is relevant it does not account for historical profile of that level this reduces credibility of the detection. On the other hand, my approach involves analyzing the historical data rather than the action zone, with addition of volume perspective. The idea is that if...

mertenes3

the graph shows the historical swing powers at each range, used indicator is: Practical Use Cases: Identifying Critical Support/Resistance Levels: The importance score indicates how much volume was traded at specific fractal levels, giving an idea of where price might react. For example, a high-importance score at a specific price range suggests that it is a...

mertenes3

Description: The KAMA Cloud indicator is a sophisticated trading tool designed to provide traders with insights into market trends and their intensity. This indicator is built on the Kaufman Adaptive Moving Average (KAMA), which dynamically adjusts its sensitivity to filter out market noise and respond to significant price movements. The KAMA Cloud leverages...

mertenes3

Introduction The Swiss Knife indicator is a comprehensive trading tool designed to provide a multi-dimensional analysis of the market. By integrating a wide array of technical indicators across multiple timeframes, it offers traders a holistic view of market sentiment, momentum, and potential reversal points. This indicator is particularly useful for traders...

mertenes3

The "All Patterns" indicator is a comprehensive tool designed for traders to identify various technical patterns on charts, helping to signal potential market movements. This indicator is a compilation of several algorithms and scripts, including notable ones like "Cup Finder" by LonesomeTheBlue, "Wedge and Flag Finder (Multi - zigzag)" and "Auto Harmonic Patterns...

mertenes3

Functionality and Key Features Volume Momentum Using MACD: This indicator calculates the MACD based on smoothed volume changes. By using the difference between two moving averages of volume (short-term subtracted from long-term), it highlights significant shifts in volume momentum, which are essential for confirming trend strength and sustainability. ...

mertenes3

when the backgorund is blue it represents there is an macd histogram of momentum is positive which means there is an increasing volume on the market for short term. Green and Red dots represent the macro trend direction by utilizing fractals and price's relative behaviour to them.

mertenes3

Volume is a critical yet often overlooked component that corroborates the strength or weakness of price movements. By adjusting candlestick formations to account for volume, we develop a volume-weighted candlestick that offers a more accurate representation of market dynamics. This approach does not merely track when and where prices move but emphasizes the...

mertenes3

The Momentum Screener is a custom indicator built for TradingView that provides a consolidated view of several momentum-based indicators across multiple trading symbols. It's designed to help traders quickly assess the overall sentiment of different assets using indicators like MACD, Awesome Oscillator (AO), Parabolic SAR, Supertrend, and Detrended Price...

mertenes3

The Cumulative Volume Delta Divergence is an indicator that helps traders visually assess the buying and selling pressures in the market by analyzing volume divergences over time. This indicator overlays directly on the price chart, offering insights into how volume shifts correlate with price movements. Utility and Trading Benefit Divergence Detection The...