SPG Fx Volume Indicator
The "SPG - FOREX BINARY INTRA" indicator is a companion for this one. It will give confirmation of the entry signals that this will show you.
This script is broken up into 4 parts
Confidence Cloud/Background Color
This will indicate the current bull/bear trend and if your entering a position - the strength of the direction of that bar will be reflected by the background color behind that bar.
Green - Bull Trend
Red - Bear Trend
Yellow - Transition/unsure
Small BUY/SELL arrows and Green/Red triangles
On the bottom of the chat are the main entry indicators
Green/Red Triangles are a strong entry signal
Green/Red Tringles and a Buy/Sell arrow is a very strong entry signal
Buy/Sell Pressure
The histogram indicated the buy/sell pressure for the bar – This indicated in which direction the bar moved the most – This is mostly for a future “rating” on a position that was taken and perhaps can drive an indication when to Hold or exit the contract.
Green/Red arrows and Xs labeled OS, OB or X
These are located on the top of this indicator and aren’t necessarily actionable indicators but are meant to indicate overbought or oversold conditions and transitions when prices are moving out of those states.
The indicators may correlate with entry signals but watch for the Xs and do not enter a trade on a transition.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact mightystrong directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact mightystrong directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.