MCDX Pro — Indicator by Trader_Cenonet

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MCDX Pro

Detail Explanation:

This indicator shows the status of operators and how the bankers shake out the locked chips.

Green Bar - Locked Chips
Yellow Bar - Floating Chips
Red Bar - Profitable Chips

How to use the indicators?

There are two bars that need to be focused on this indicator which is the Green Bar and Red Bar.
Green Bar means the market share still in loss and many shareholders that stuck are ready to cut loss. This caused the price of the market shares harder to increase and becoming uptrend again until it breaks certain resistance.
Red Bar means the market share is in profit and many shareholders still want to push the price. The higher the Red Bar, the stronger the momentum of the market shares.

This indicators best to be used in timeframe 5minutes(tf5m), timeframe 30minutes(tf30m), and timeframe 1hour(tf60m).

Contact me if you want to try this indicator.

Contact me if you want to try other indicators like TAD Systems, MCDX, and many more. (t.me/afehakmal)

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Trader_Cenonet for more information, or follow the author's instructions below.

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