THE KEY THINGS TO LOOK FOR IN CANDLES : (Thread) (Execution Strategy) >>>>
In This Thread the Following Will be Discussed:
1⃣ Volume Discrepancies - Noticing changes in volume
2⃣ Delta Extensions - Uncovering the max and min delta in candles.
3⃣ Net OI locations - Distinguishing majority position entries.
VOLUME DISCREPANCIES - Pt 1 (How to apply)
🎯 Exocharts Adaptive settings can be used to acknowledge spikes in Volume.
1⃣ By applying Volume Clusters to your candles, settings can be adjusted to visualise volume spikes.
VOLUME DISCREPANCIES - Pt 2 (The Concept)
📖 Larger Spikes in Volumes at a level of interest can be indicative of the following, prompting an opportunity to buy/sell:
> Positions forced closed via SL
> An interest of new buyers and/or sellers
> More aggressive/market orders
DELTA RANGE:
📖 Referring to the range of values for delta in a candle.
> When delta ranges are of larger values it enables us to see the maximum strength for aggro orders in either bids or asks to be trapped.
> Significant to show potential for a shift in price.
NET OI LOCATIONS:
📖 Referring to where New positions have entered in a candle.
> Net OI values are significant as they allow us to see strength in moves as well as reversal moves when the OI becomes trapped.
🔑 Better used in lower volatility environments.
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