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MM Wash Detector - Child Words

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Name: MM Wash Detector – Child Words

MM = Market Maker (the big players who can push the price around to grab other people’s money/liquidity).

What it looks at:

This indicator looks at weekly candles (big picture, not tiny intraday moves) and checks for two things:

Bear Wash (BW) – “Price got pushed down”:

The candle had a long lower wick (price went down a lot)

The body of the candle is small (not much net movement down)

Volume is okay (not too low)

Interpretation: The big players tried to push the price down to make people sell, but the price recovered.

Child-friendly label: “Price went down, maybe now it goes up 🙂”

Bull Wash (SW) – “Price got pushed up”:

The candle had a long upper wick (price went up a lot)

The body of the candle is small (not much net movement up)

Volume is okay (not too low)

Interpretation: The big players tried to push the price up to make people buy, but the price fell back.

Child-friendly label: “Price went up, maybe now it goes down 😯”

Thông báo miễn trừ trách nhiệm

Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.