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eSignal Indicators & Trading Tools
MCT SmartKam Paintbar
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From the swing low on the left, we have drawn a zig-zag in black forming a M-pattern (Bearish), where the “Smart money" and "Kamikaze" bars occurred near or at bottoms and tops. This clearly illustrates where the “Smart money” or "Crowd activity" was more active, causing a swing effect up or down.
The trade location of the bars is very important and more emphasis should be put on these bars occuring at or near highs or lows (swing points). It is a very useful tool, especially if used with the Wyckoff Wave Volume (swing) tool.
