DI ACTIVITY & WEIS WAVE VOLUME

by Paul Hayes in category Volatility at 09/02/2019
Description

The largest market participants named "big players" or "smart money", those who move substantial volume in the market. This includes the largest banks, firms, global companies, insurance companies, Hedge Funds, as well as speculative traders around the world.  The volume is so large that their position cannot be opened and closed in a single order without spiking the market. It is important to understand that although the banks might control the majority of the daily volume, the large part of that volume is those banks acting as a market maker for the other types of traders. If banks are primarily market makers then they will by default drive the market to and from areas of supply and demand which is the foundation in how we track them. It would be very interesting to identify where large market participants are likely to enter or exit their position based on likely areas of supply and demand, or manipulation points (trapping moves) as we term them because the top 10 banks control well over 60% of the daily forex market volume. 

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Paul Hayes
Sales & Marketing
Emailcontact@clickalgo.com
Phone: (44) 203 289 6573
Websitehttps://clickalgo.com

ctrader specialists

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How to install
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Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;

namespace cAlgo
{
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class ClickAlgoIndicator : Indicator
    {
        [Parameter(DefaultValue = 0.0)]
        public double Parameter { get; set; }

        [Output("Main")]
        public IndicatorDataSeries Result { get; set; }


        protected override void Initialize()
        {
            Print("It is not possible to download the software from the cTDN website. Please visit clickalgo.com");
            ChartObjects.DrawText("ShowCopyright", "It is not possible to download the software from the cTDN website. Please visit:-  https://clickalgo.com/di-volume-activity-and-weis-wave-volume-indicators", StaticPosition.BottomCenter);
        }

        public override void Calculate(int index)
        {
            // Calculate value at specified index
            // Result[index] = ...
        }

    }
}
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