To find a dark pool trades indicator on TradingView, search the indicator library for terms like "Dark Pool", "Institutional Volume", or "DIX", which is a common acronym for Dark Pool Imbalance Index. Popular scripts include Moby Tick Prints by Mobytick and the DIX / Dark Pool Oscillator by NicTheMajestic, which provide data on institutional block trades and overall dark pool activity to help identify potential shifts in smart money positioning.
How to find and use dark pool indicators on TradingView:
- Open a chart: on TradingView.
- Click the "Indicators": button.
- Search for relevant terms: in the search bar, such as:
- Dark Pool
- Institutional Volume
- DIX
- Moby Tick
- Dark Pool Oscillator
- Select a script: from the search results that fits your needs.
- Add the indicator: to your chart to begin analyzing dark pool data.
Popular indicators and what they do:
- This indicator provides an oscillator to identify and read dark pool flows, helping to see institutional activity.
- This script aggregates institutional block trades (typically large orders), showing high-volume prints and helping traders identify where "smart money" is positioning itself ahead of major price moves, according to Mobytick's script description.
- This script highlights institutional volume, which can signal strategic positioning by institutional investors, notes this TradingView script.
Key considerations:
- Dark pool data doesn't provide a complete picture; it requires interpretation and should be used in conjunction with other indicators like volume trends and moving averages for a more comprehensive strategy.
- Understanding the market context is crucial, as dark pool activity is more significant in certain situations, such as institutional accumulation or divestment of large positions.
- No indicator guarantees profits; always use proper risk management when using any trading tools, according to TradingView's educational resources.
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