Batsonar you will have better luck running for president than trying to make folks believe in a nonsense indicator. The only holy grail if possible is the depth of market, the orders themselves...This is how you find trapped traders, exhaustion, absorption, etc. Trapped traders is one of the finest methods to trade, I make over $10,000 a day trading the index futures ES, YM, RTY, and NQ at 10 contracts minimum. Trust me, nothing gives you more patience, and a better reward to risk than the market depth. Plus, who trades on such a large timeframe, especially if we are talking about DAY TRADING...All you have here is another soupy indicator that tells the trader nothing. As traders we need INFORMATION like how many buy market orders to sell market orders, what price has the largest market order, which price has the largest limit orders, above AND below price. Which price has the most stacked/pulled orders...THIS IS INFORMATION TO TRADE VERY SUCCESSFULLY IN ANY MARKET!!!
.....
In the pic you will see information at the top, RAV, RBV, ASP, BSP, etc. These are the numbers from the DOM I programmed to show on my chart to analyze the orders the proper way. RAV is buy MARKET orders, not limit orders, and RBV is sell market orders. Market orders move price not limit orders and this is fact. We can see why I took this long for 25 contracts. There were much more buy market orders than sell market orders, and much more stacking by the bids. If there was a holy grail, then the depth of market is that by far.. We can see the total amount of market orders, this information alone blows away any indicator you could ever use...This information is the real time story of buyers and sellers doing what they do best, which is buying and selling. This tells the story of price direction.. Also to the right of price at 12570.75 you see the words CTBV Trap. This means at that price there was the biggest order on the order book which was a sell market order, that happened below current price. These are trapped traders at that price in the DOM, and you see what happened after that....No indicators on my screen, not even price bars on my screen, ALL YOU SEE ARE NUMBERS, because the numbers tell the story of buyers and sellers, which directly affects what price does..