Victory Trading Logic-Detecting Supply and Demand Imbalances
As pointed out in the article, detecting supply and demand imbalances is the most important key to making a profit in financial markets. Excessive Momentum Indicators is an automated tool for detecting these imbalances in transaction supply and demand. Excessive momentum on the chart makes it much easier to predict the timing and direction of new trends.
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This excess momentum zone can be considered either cumulative or distributed in volume spread analysis. You can use the Volume Spread Pattern Indicator (paid and advanced versions) or the Volume Spread Pattern Detector (free and light versions) to find more symptoms in your storage and distribution areas. Watch the YouTube video for more information on indicators of excessive momentum.
YouTube Video 1: https://youtu.be/oztARcXsAVA
YouTube Video 2: https://youtu.be/A4JcTcakOKw
Below are links to the excess momentum indicators available on the MetaTrader 4 and MetaTrader 5 platforms.
Victory Trading Logic-Detecting Supply and Demand Imbalances-Trading System-December 19, 2021
https://www.mql5.com/en/blogs/post/747208 Victory Trading Logic-Detecting Supply and Demand Imbalances-Trading System-December 19, 2021