WS TikPip

Indicator WS Tik Size It evaluates both the size and direction of price ticks. WS Tik Size allows you to accurately determine the turning point when triggered large orders established major market makers. The goal - to maximize profit and close the position when a "big tick" (Large Tick).

• Blue histogram represents bovine pulse


• Red histogram represents bearish momentum


• Yellow Cross denotes a current pulse

The interpretation is quite simple

• You can buy when the bearish momentum is greater than average volatility (red histogram > average volatility)


• You can sell when the bullish momentum is greater than average volatility (blue histogram > average volatility)

WS Tik Size algorithm reacts to the following events

• Unexpectedly large size of the tick is likely to result in an immediate reversal of the price


• Another use of the indicator - the analysis and follow up of market volatility

Recommended support tools

Filtering trades can be performed with the following tools:

• Detection of Spread (Spread Detection)


• Support and resistance zone (Support and Resistance Zones)


• Divergence moving averages (Moving Average Divergences)

Author

Shaarrand William (William Schaarrand), a private investor, developer of software and forex trader.