Flat Tops/Bottoms aka Devil's Mark

How it works

The indicator tracks Flat Top/Bottom Candles, which are price candles lacking wicks at their top or bottom, representing market inefficiencies. It systematically identifies and monitors these unique candle formations from the beginning of available trading history.

As the market progresses, the indicator automatically removes mitigated Flat Top/Bottom Candles, ensuring only currently valid zones remain visible. This dynamic tracking allows traders to continuously observe potential price rebalancing opportunities with minimal computational overhead.

Why it may be useful

Flat Top/Bottom Candles reveal critical market inefficiencies that often serve as potential entry or exit points for traders. These zones represent moments where price delivery did not provide manipulation opportunities, creating natural magnets for future price movement.

By highlighting these inefficient zones, traders can gain insights into potential market rebalancing, making more informed trading decisions. The indicator helps identify areas where the market is likely to return, offering strategic advantages in understanding price dynamics.

When to explore it

This indicator is most effective in markets with clear price action and sufficient volatility, where price inefficiencies are more likely to manifest. Traders can utilize it across various timeframes, from scalping to swing trading, to identify potential entry and exit points.

The signal works best when combined with other technical analysis tools, providing additional confirmation of potential market movements. It is particularly useful in trending markets where price tends to seek out and rebalance around inefficient zones.

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