Sypool’s Rebranding: Introducing “Mega Buying Force” in AI-TradeGenius
I. Basic Information
- Indicator Name: Mega Buying Force
- Indicator Type: Bottom Fishing Type
- Description: Through calculations involving trading volume and size distribution, employing AI algorithms, this approach distinguishes transaction amounts across various tiers. It segments trading volume into four dimensions: major players, institutions, whales, and retail traders. This effectively uncovers the trading trends of major players in the market.
- Bottom Fishing Signal:
- The “brown-yellow cone-shaped bar” represents the emergence of bottom fishing sentiment and intentions, suggesting a phase with potential support, which may lead to consolidation or rebound. The size of the cone-shaped bar indicates the strength of buying power.
III. Application Techniques
- Applicability: Suitable for downtrending markets or volatile downtrends, helping to identify phases with strong potential support at the market’s bottom.
- Support, Rebound, and Reversal: When a bottom fishing signal appears, it typically indicates that the short-term downtrend may pause, leading to consolidation, minor rebounds, or reversals. The strength of buying power should be considered, with higher buying power increasing the likelihood of a reversal.
- Phases: During a continuous downtrend, multiple signals may appear. These signals can be compared to assess the strength of buying power. However, if a new uptrend follows the signal, subsequent signals should be evaluated from the beginning of the new downtrend.
How to use the indicator:
- Go to charts on TradingView：https://www.tradingview.com/chart/pfvTsnMv/
2. Go to “Community Scripts” in the “Indicators” section.
3. Enter “Mega Buying Force” in the search bar.
4. Click it and you will see it on your chart.
Visit https://www.tradingview.com/u/Sypool/#published-scripts to see more scripts!
If you are interested in our invite-only scripts, learn more and apply for the free trials here:
The indicators discussed in this article are provided for informational purposes only. They should not be considered financial advice or guarantees of trading success.
Trading in the crypto markets involves inherent risks, and it is important to conduct thorough research and analysis before making any investment decisions. These indicators are tools that can assist in technical analysis and identifying potential trading opportunities, but they do not guarantee profits or protect against losses.
The interpretation and application of these indicators should be done with caution and in conjunction with other analysis methods. Market conditions can change rapidly, and individual trading strategies may yield different results. It is recommended to consult with a qualified financial professional or investment advisor before making any investment decisions.
Sypool and its affiliates do not accept any responsibility for losses or damages incurred as a result of using or relying on the information provided in this article. Users of these indicators are solely responsible for their own investment decisions and should carefully consider their financial situation, risk tolerance, and investment objectives. Past performance is not indicative of future results.