This is a multicolore WMA 30 Period and not an iceberg orders detector as claimed by Mostafa Belkhayate. The colors will change based on the candles position towards the 30 period WMA .
Its free and open source for all the african youth, we never charge and lie to our beloved people.
We look for buy opportunities when the plot is green. We look for sell opportunities when the plot is red.
thanks Hamza for sharing ,have you used this in actual trades and how reliable do you find it .I am new in this whole world ,so trying to get my head around this .much appreciated :)
HenktheTank
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Hello Hamza, just discovered your indicator and giving fantastic indication when buying and selling opportunities occur, especially when used with close timeframes. Personally I wait for the 15 andn 5 min to get the same color to jump in on 1min as soon as also that timeframe changes to the same color. Would it be possible to add an alarm feature in the style it alerts when your indicator changes color ? thanks a lot for your comments.
substantialTou64009
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are you sure it's the same ? I saw his video on youtube this morning, there is white areas on the line in his indicators
and he explains that when it's green and then it's white, then you have to wait because it's the buyers that sell, but there are not yet new sellers in the game
hamzaxxx
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@substantialTou64009, 100% the colors doesnt matter, what matters is the position of the plot, and you can compare his examples with this indicator.. also its 100% not possible to detect iceberg orders on tradingview or mt4 simply because those are orders that are added to the orderbook in less than 0,1 ms and it requires access to times and sales data and fast data providers to achieve it. no need also to mention that iceberg orders are used by smart money in tops & bottoms to hide their intentions, and not within a moving average as he claims
substantialTou64009
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@hamzaxxx, Ok I'll compare tonight and I tell you what I see :) Now I just see that there are white areas in his line, and in your there are only green and red but maybe it means nothing, as you say
Very good indicator. How can i get the Belkhayate iceberg 3.0 and 2.0 and the vwap friends. 🙂🙏
Thanks