The Player’s Activity shows you the relevance in the big player’s participation and activity in volume of the market. Using a statistic method and calculating the market’s volume average and variance the indicator determines the standard deviations to analyze the probability of a big player’s participation.
- DI Player’s Activity Histogram (Plotted as a Histogram in indicator’s área)
- DI Player’s Activity Candlestick (Painted over bars candle)
The indicator determines by using colour flags the “temperature” of the participation and activity of the player.
- No Player’s Activity: It’s mean that there’s no probability that big players are participating at that moment in the market.
- Low Player’s Activity: It’s mean that there’s a low probability that big players are participating at that moment in the market.
- Median Player’s Activity: It’s mean that there’s a median (above normal) probability that big players are participating at that moment in the market.
- High Player’s Activity: It’s mean that big players are participating at that moment in the market.
- Ultra Player’s Activity: It’s mean that big players are participating intensely at that moment in the market. Absorptions and aggressions.
This indicator has 3 parameters:
- Period: How many bars ago you want to analyze and calculate the player’s activity. (Recommended: 50)
- Calculation Mode: It is the average volume method calculation. (Recommended: LWMA or as desired)
- Factor: It is the deviation coefficient that defines the accuracy of the indicator. How much bigger it is, much accurate will be the probability analysis of the player’s activity. It is a lower band and higher band created from standard deviation calculation. (Recommended: 1.05)
DI PLAYERS ACTIVITY Histogram Indicator
The histogram version plotted the bars in the indicators area in cTrader. The bars indicate the player’s participation in the market according to the description results above.
DI PLAYERS ACTIVITY Candlestick Indicator
The version CANDLESTICK plotted the flag colours in the chart area like a candlestick. This is better to visualize and monitor the movements while observing the player’s activity in real-time. Both indicators work in the same way.
There are the default parameters from the Histogram version. In addition, there is a new parameter to select the colour of the player’s activity and a new parameter named “BACKGROUND COLOR TO BACKGROUND CANDLE”. This parameter defines the colour of the candles behind the bars painted by the indicator. When you set the same cor to background candles and the background chart colour the visualization of the indicator’s candle is better. So you can determinate if you want to change or not the colour.
Would You Like a 14-Day Trial?
If you would like to try this indicator first for 14-days, just send an email to firstname.lastname@example.org and we will arrange this for you.
How To Install The Indicator
First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.