OPEN-SOURCE SCRIPT
MM Wash Detector - Child Words
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 😯”
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 😯”
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.