Banker Chips Turnover & Divergence Index💱
Overview💬
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 👺
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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.
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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
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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
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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📈.
Case Study📚
*Before case study, you must know every color intention.
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Histogram Bar = Market divergence index or Banker Chips Turnover Index
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White Step Line Above Bar = High probability of Banker Chips activity
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Red line is only mark up the peak of index above high turnover
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Must pay attention when the higher histogram bar appears in higher level price, the price may fall or plunge after breaking support📉.
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Must pay attention when the higher histogram bar appears in lower level price, the price may rise or skyrocket after breaking resistant📈.
➡️ Color Description
Case Study
Scam Stock 1 - HKEX：1343
Scam Stock 2 - HKEX：3893
Scam Stock 3 - MYX：VINVEST
VINVEST 1, before pump activity
VINVEST 1, after pump activity
Case Study 4 - BINANCE: BTCUSDT
Other Relevant News：
English News
Case Study 5 - MYX: SCIB
