💰Mega Buying Force
I. Basic Information
Indicator Name: Mega Buying Force
Indicator Type: Bottom Fishing Type
Description: Through calculations involving trading volume and size distribution, employing AI algorithms, this approach distinguishes transaction amounts across various tiers. It segments trading volume into four dimensions: major players, institutions, whales, and retail traders. This effectively uncovers the trading trends of major players in the market.
II. Usage
Bottom Fishing Signal:
The “brown-yellow cone-shaped bar” represents the emergence of bottom fishing sentiment and intentions, suggesting a phase with potential support, which may lead to consolidation or rebound. The size of the cone-shaped bar indicates the strength of buying power.
III. Application Techniques
Applicability: Suitable for downtrending markets or volatile downtrends, helping to identify phases with strong potential support at the market’s bottom.
Support, Rebound, and Reversal: When a bottom fishing signal appears, it typically indicates that the short-term downtrend may pause, leading to consolidation, minor rebounds, or reversals. The strength of buying power should be considered, with higher buying power increasing the likelihood of a reversal.
Phases: During a continuous downtrend, multiple signals may appear. These signals can be compared to assess the strength of buying power. However, if a new uptrend follows the signal, subsequent signals should be evaluated from the beginning of the new downtrend.
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