🎯 MMPD #1 Pro - Premium/Discount Market Position Detector
A comprehensive market analysis tool designed to identify premium and discount zones, helping traders navigate market positioning with precision and confidence.
📈 Core Features: Premium Zone Analysis: - Extreme Premium Line (Upper Boundary) marks peak market valuation - Premium Box serves as a confirmation zone for strong bullish momentum - Strong Bullish trend area point a trending bullish market when open/close happen inside - Green candles confirm trend strength - Pink candles signal potential reversals or retracement - Red candles with bullish closes indicate sustained buying pressure
📉 Discount Zone Dynamics: - Extreme Discount Line (Lower Boundary) identifies oversold conditions - Discount Box highlights potential accumulation areas - Strong Bearish trend area point a trending bearish market when open/close happen inside - Red candles confirm bearish momentum - Pale green candles suggest potential reversal or retracement - Green candles with bearish closes indicate sustained selling pressure https://www.tradingview.com/x/4YpPN7DB/ 📊 Momentum Analysis Table: Displays real-time percentage measurements: - CC: Current candle strength with trend multiplier (1.3x in-trend, 0.7x counter-trend) - PC1: Previous candle's strength with same multipliers for momentum comparison - PC2: Two bars back measurement for trend development validation