Banker Chips Turnover & Divergence Index💱
The "Banker's Chip Turnover Indicator" is telling you 'Banker chips' or 'Market maker' activities.
The following is a description of the function of this indicator:
1. Track Unusual Trading Activity In The Market 👺
The Banker Chips Turnover & Divergence Index(MYTRIC) indicator used to measure the divergence index of current trend and prices, a way to measure the potential accumulation or distribution of chips by banker or main force.
This indicator are calculation according to the relationship between volume and price, this is one of the methods to quantify "volume & price analysis". Volume & price analysis can provide insight the behavior of banker.
How to Use⚙️
1️⃣Banker Appear at High Price Level
When the index appears at the high of the price, it mean banker may be distributing / disposing, the price is very soon to retracement(if retailer have a big support) or downtrend📉.
2️⃣Banker Appear at Low Price Level
When the index appears at the low of the price, it mean banker may be accumulating / acquiring, if it break-out, the upward trend will be considerable📈.
*Before case study, you must know every color intention.
Histogram Bar = Market divergence index or Banker Chips Turnover Index
White Step Line Above Bar = High probability of Banker Chips activity
Red line is only mark up the peak of index above high turnover
Must pay attention when the higher histogram bar appears in higher level price, the price may fall or plunge after breaking support📉.
Must pay attention when the higher histogram bar appears in lower level price, the price may rise or skyrocket after breaking resistant📈.