The MTP VS Indicator is designed to identify high volume spikes, with the aim of finding “fake-outs”, where markets break out from previous swing highs or lows but then reverse at levels of MTP DP support/resistance. This is usually where the “professional money” enters the market to produce a sharp swing in the opposite direction. For more detail of the MTP DP support/resistance levels, please visit the publication of the MTP Decision Point (DP) script.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
Versionshinweise
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This new version has been rewritten from the ground up to take advantage of the new features that are available in Pine Script v5, as well as their new Library functions. This increases efficiency of the scripts and as such increased reliability.
Current users upgrade instructions: Please remove the old script and then add this new one onto all of your Charts, to update to the latest version.