The indicator uses market profile theory to show the auction level on user-specified time basis. The Auction level is a key level of market that gives a trend bias depends on the location of price.
Get one of the most important market maker levels, in which the price could react and show the real trend of a given financial asset.
The indicator uses market profile theory to show the auction level on a user specified time basis. The Auction level is a key market level, that gives a trend bias, depending on the location of an asset’s price, in relation to such market level.
How is this indicator useful?
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Carlos Forero, Member of Clever Trading Club, private organization with the purpose of design clever solutions to generate constant profits with adapted risk.
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The indicator shows the TDI indicator in a separate window, and with the RSI component, the indicator finds possible divergences with M or W patterns.
It shows the price trend direction and its strength. The indicator detects the trend since the beginning of the week. (Recommended timeframe H1)