输赢盘——观察分歧的新方法 (The Money Line - A new way to see diverg)

The Money Line - A new way to see divergence

The Money Line is an indicator I have created to use specifically on the 1 minute chart to see divergence in volatility vs price. It clearly shows the weakness in moves aimed at sweeping highs and lows.

Here are some recent examples:



You can see price made a high on the equities open, it then sweeped the high but the money line clearly shows weakness in the actual move.





Rules:

Timeframe = 1 minute
Best during high volume times of day. I use specifically from the equities open.
Price MUST sweep high or low
I like to enter on an engulf
Stop and TP are up to you, but the stops can be quite tight from my back testing.

I will publish the link to the indicator (TradingView) on here, but I believe it can be coded for mt4 as well.