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Earthquake Effect by DGT

Institutional investors have a profound impact on financial instruments prices because of the large volume , and their trading activities can greatly impact the price of financial instruments. They sometimes may split trades over time in order to not make a material impact and of course not to decrease liquidity to the point where there may be no one to take the other side of the trade.
Institutional investors (Smart Money) may create an Elephant Effect on the prices of financial instruments, and this study aims to display by emphasizing high volume changes

In the memory of the North Anatolian Earthquake that struck on August 17, 1999, that we remember with pain today, and similarities of plotting outcomes to seismograph plotting I preferred to name this study as Earthquake Effect (SEISMOGRAPH)


Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely

The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Phát hành các Ghi chú: forget to mention
the background cloud reflects 17-period moving average of volume
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Bình luận

Thank you about that. have this indicator relation with lppl(Log Periodic Powar Law) ?
+1 Phản hồi
dgtrd nonox30
hello @nonox30,

no it is not, but now i have some thing to research, thanks :)
Phản hồi
Very good idea! Thanks!! Probably best 3 line indicator haha
Phản hồi
dgtrd Pratik_4Clover
Thank you very much @Pratik_4Clover, yeah quite simple and hope it has huge positive effects :-)
+1 Phản hồi