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Fat and Slim

The Fat and Slim indicator tracks strong and weak money in the market.

It is derived from RSI, MFI and many similar indicators. Input values are closing prices and volumes.

  1. The RSI (yellow curve) is in the range -100 ... 100. It is additionally multiplied by a coefficient so that the curve is not compressed to the middle values at higher periods (a problem with the classic RSI with different periods).
  2. Strong/Fat red curve is RSI weighted by higher volumes.
  3. Weak/Slim blue curve is calculated so that lower volumes have more weight.
  4. Finally, a histogram is calculated from the difference (strong-weak).
The histogram can be turned off in the parameters. On the volume chart, look for what the blue and red lines show. There are two things you can watch:
  1. the spread between the lines - show whether there is a divergence between strong/weak money.
  2. which line, i.e. who is driving the price (high volumes or low liquidity?)

When the movement of the lines becomes clear to you, turn on the histogram - it will simplify the reading of the indicator.

The histogram shows clearly what is driving the price change. If the histogram has the same direction as the price, it is volume/high liquidity; if the histogram goes in the opposite direction than the price, it is low liquidity. Find extremes!
If you are not familiar with how liquidity affects price movement, do a quick study.


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The indicator enables very quick orientation in the market phase (re/accumulation, re/distribution, up/down trend). It is counted only from price data (without volume). It is based on the assumptions of Wyckoff's law of Causa and Effect. Oscillations are an expression of the level of market uncertainty and point to the presence of Big Money. Such a "storm" is followed by a calmer trend that needs to be exited. You need to use other tools or shorter period of the same indicator for that. I kee
This indicator shows the MACD line and the difference WMACD - MACD to it. that is, the divergence between price and weighted acceleration. Divergence is shown with a histogram. It took a bit of math to get a readable result. What does the histogram say? If the course is consistent with the price movement, then the price is driven by volumes. It is passing through an area of higher liquidity, the market is being manipulated by strong money. Within Wyckoff's theory, these are typically climax an
Market Profile, Volume Profile? Extra paid in TradingView, displayed for the last moment in time or discreetly, e.g. after 24 hours. Counting super-accurate values from a histogram...? None of these ways suited me. I was looking for an expression of the dynamics of the market, its liquidity, I just wanted to clearly see where the money was flowing. I thought I would calculate the volume weighted price percentiles for a certain period. To make the calculation more accurate, I calculate from a l
StochastiX
Pavel Milicka
StochastiX is an extension of a well-known indicator. 1) StochastiX is displayed in the range of -100 to 100. 2) A histogram is calculated from the difference of the main and signal curves - again as a stochastic, but without smoothing. The histogram gives the user a hint about the dynamics of oscillator changes. Patterns need to be studied from real graphs. I wish you successful trading.
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Versione 1.1 2024.05.11
web reference updated