Money Maker Detective Indicator

ਐਮ.ਐਮ (Money-Maker) ਜਾਸੂਸ ਸੂਚਕ

MM ਜਾਸੂਸ is a brand new indicator I just lately created -- it reveals the "lifetimes" of TOPS and BOTTOMS on a value chart. I've determined to share it with ForexFactory
members as an indication of gratitude to FF. I get pleasure from studying FF and have discovered rather a lot from different members and authors.

The concept behind the MM Detective Indicator was hatched from following @George AUS's thread entitled "Worth motion on the core / tma intra day" (https://www.forexfactory.com/showthread.php?t=874421). For these of you who adopted @George's now frozen thread, you'll perceive instantly how and why to make use of this indicator. For many who are usually not conversant in @George's thread I will supply just a few phrases of rationalization. ਫਿਰ ਵੀ, please take into account I'm not @George and by no means really understood his methodology -- however I did come away value knowledge in a very new method. And only for the file -- I've spoken with @George a few occasions and little question (a) @George is a real gentleman, ਅਤੇ (ਬੀ) @George is a grasp dealer...

For higher or worse, market costs are manipulated. Whether or not by a single entity or cabal of colluding central banks -- it makes no distinction. On this thread I'll discuss with this single entity as MMITS -- "Money Maker In The Sky". Because the value actions are so actual, @George made the declare it more than likely is a single entity that (a) has entry to all data on trades (and Cease Losses), ਅਤੇ (ਬੀ) has (just about) limitless sources to impact no matter value actions they need. It makes no distinction to me whether or not costs are manipulated or transfer up and down in a semi-random, pure method. Truly, I'd argue that for retail merchants "manipulated" is most popular to "semi-random" as a result of there are clues you'll be able to deduce which can be left behind by the manipulator (MMITS). ਇਸ ਤੋਂ ਇਲਾਵਾ, @George demonstrated for those who absolutely perceive the "psychology" behind MMITS then your buying and selling efficiency goes by the roof.

ਕਨੈਕਟ ਕੀਤੀ ਤਸਵੀਰ (ਵੱਡਾ ਕਰਨ ਲਈ 'ਤੇ ਕਲਿੱਕ ਕਰੋ)

Trying on the value chart from left-to-right, the purple strains start at a TOP and prolong to the proper till they're "taken-out" or eliminated by the worth transferring upward. ਬਰਾਬਰ, the blue strains start at a BOTTOM and prolong to the proper till they're "taken-out" by the worth transferring downward. One other identify for TOP is "Peak". One other identify for BOTTOM is "Trough". Utilizing this indicator you'll be able to clearly see the "lifetimes" of TOPS and BOTTOMS.

A TOP (Peak) happens when the worth strikes downward. A BOTTOM (Trough) happens when the worth strikes upward. ਸੀਜ਼ ਘਾਟੇ ਮੁੱਲ ਲਾਈਨ ਦੇ ਉੱਪਰ ਅਤੇ ਹੇਠਾਂ ਇਕੱਠੇ ਹੁੰਦੇ ਹਨ. ਤੇਜ਼ ਵਪਾਰ ਦੇ ਮਾਮਲੇ ਦੇ ਅੰਦਰ (ਤਰੱਕੀ), ਸੀਜ਼ ਘਾਟੇ ਮੁੱਲ ਦੀ ਰੇਖਾ ਤੋਂ ਉੱਪਰ ਇਕੱਠੇ ਹੁੰਦੇ ਹਨ, ਅਤੇ ਲੰਬੇ ਵਪਾਰ ਦੇ ਮਾਮਲੇ ਦੇ ਅੰਦਰ (ਲਈ ਖਰੀਦਦਾਰੀ), ਮੁਕੱਦਮੇ ਦੇ ਨੁਕਸਾਨ ਮੁੱਲ ਲਾਈਨ ਦੇ ਹੇਠਾਂ ਇਕੱਠੇ ਹੁੰਦੇ ਹਨ. When the MMITS initiates a spike upward, ਤਤਕਾਲ ਵਪਾਰਾਂ ਤੋਂ ਹੋਣ ਵਾਲੇ ਨੁਕਸਾਨ ਨੂੰ ਖਤਮ ਕੀਤਾ ਜਾਂਦਾ ਹੈ. When the MMITS initiates a spike downward, ਲੰਬੇ ਵਪਾਰਾਂ ਤੋਂ ਘਾਟੇ ਨੂੰ ਖਤਮ ਕੀਤਾ ਜਾਂਦਾ ਹੈ. Beneath are examples of every:

The sample of ranging or trending costs adopted by a spike happen time and again -- each image and time-frame. ਇਸ ਤੋਂ ਇਲਾਵਾ the size of the spike could be very actual -- simply lengthy sufficient to take-out the focused Cease Losses -- no extra and no much less.

To summarize, this thread is ਨਹੀਂ a couple of methodology -- fairly, it is about utilizing the MMDetective indicator to show the "lifetimes" of TOP and BOTTOM costs in an effort to higher perceive value knowledge and present how it's manipulated. The indicator can be utilized stand-alone or mixed with different indicators to assist make higher buying and selling selections. In following posts I'll clarify a bit of bit extra in regards to the indicator's settings and in addition present examples the place it may be mixed with different indicators.

The MMDetective indicator is straightforward to make use of -- simply set up it within the ..MQL4Indicators folder and drag it onto a chart.

Big Thank's To : robots4me