Whale Trade Finder
Whale Trade Finder Product Guide | Invader Inc.
Last updated
Whale Trade Finder Product Guide | Invader Inc.
Last updated
Whale Trade Finder searches for unusual order activity in the market and is designed to identify large trades that have a significant impact on the market. The indicator plots a box around the candle printed at the time it detects possible whale activity, creating a visual representation of possible price support/resistance levels.
The color of the box indicates whether it's a buy/sell zone and whether it is active/inactive. When a candle is highlighted, it signifies that there was a significant amount of order activity to trigger the algorithm, and these candles tend to indicate trend reversals once confirmed.
Traders should not only focus on the trigger candle but also on the following candles to get a clearer picture of whether the trigger candle marks a true trend reversal. Invalidations can work as a confirmation of continuation in the opposite direction, and while high-risk traders may use them as a reverse signal, it is not advised for beginners.
Whales can have a significant impact on the supply and demand of an asset and can cause imbalances in the market. These imbalances can create opportunities for traders who are able to detect them and take advantage of them.
The Whale Trade Finder indicator is designed to detect these imbalances. When the indicator identifies an order large enough to possibly strengthen or reverse the current price trend, it plots a box around the candle at that time.
The Whale Trade Finder indicator can be particularly useful when combined with the current trend, for example, a buy trigger candle is most useful following a downward price movement. Conversely, a sell trigger candle is most useful following upward price movement.
The trades made by retail traders are too small to move the market on their own. However, using a tool like Whale Trade Finder, retail traders can identify relatively unusual order activity in the market.
By piggybacking on these trades, retail traders can potentially profit from the price movements that result from the increased buying or selling pressure generated by these large trades. It's important to note that piggybacking on the trades of larger traders is not without risk.
It's worth noting that piggybacking off whale trades can be risky, one reason being you're essentially relying on someone else's expertise rather than your own analysis. More importantly, whales may have access to information and resources that retail traders don't, so it's possible that you may not have the full picture when making your trading decisions.
However, if done carefully and correctly, piggybacking off whale trades can be a way to potentially profit from the actions of more knowledgeable and better-resourced traders. While retail traders may not have the capital or resources to significantly move prices in financial markets on their own, they can potentially profit from the actions of whales by using tools like Whale Trade Finder to identify and piggyback on unusual order activity in the market.
