Investment analysis for MIP analysts is different from regular IVA . The indicator shall need to be used with base MIP analysis methods and techniques.
What it does? It analyses the volume accumulation and distribution Keeps batch on base price levels Reference price control line that can be used for decision making
Blue colored 2 solid lines indicate volume wise strength Red colored 2 solid lines indicate volume wise weakness Red dotted like is reference price control level for safe guarding against fake movements Base level refers to price strength levels
When accumulation is on, it is seen as good opportunity for investment. When distribution is on, it is seen as opportunity to either exit or to start booking profit.
Release Notes
⋅
How to get access to this script? Use the link below in the signature to obtain access to this indicator.