Absorption indicator setting propose
Posted: Tue Nov 22, 2022 2:40 pm
In my opinion I think it would be very great having the possibility
to setting up the absorption indicator based on ticks even.
Setting the indicator for example based on 1 tick, we could able to know the aggressor's action was stopped in 1 tick maximum and also, how many contracts have been absorbed. This would demonstrate greater conviction of passive traders to stop the price.
Instead if the indicator absorption works only based on time, as you can see in the image below, it's not in my opinion a real absorption, because the price goes over about 6/7 ticks, even if it's happened in 0.01 sec maximum.
Hope to have proposed a good thing.
PS: Sorry for my english
to setting up the absorption indicator based on ticks even.
Setting the indicator for example based on 1 tick, we could able to know the aggressor's action was stopped in 1 tick maximum and also, how many contracts have been absorbed. This would demonstrate greater conviction of passive traders to stop the price.
Instead if the indicator absorption works only based on time, as you can see in the image below, it's not in my opinion a real absorption, because the price goes over about 6/7 ticks, even if it's happened in 0.01 sec maximum.
Hope to have proposed a good thing.
PS: Sorry for my english