Understanding Scales

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    • April 21, 2023 at 4:58 pm #68944
      ImpliedOdds
      Participant

      Hello. Can someone please help me understand the scales on the Y axis? I’ve heard bits and pieces in videos regarding these numbers. but i’ve never clearly understood them? As an example, if it was initially at say “85” and is now “65”, I don’t know how to interpret that? Should it be evaluated on a % basis? What numerical scale # is “small”? What is “large”? Do the numbers vary as far as relevance depending on the pair? Any help much appreciated. I’m confused. Thank you.

    • April 23, 2023 at 6:59 pm #69143
      Admin SME
      Keymaster

      Hi IO, did you watch the new video course videos?
      The new MK web version also shows you an “average PB” line. Whether a PB nest is “big” or “small” depends on the Net DM. However, also note that the upper histogram shows you the “current” PBs, so if they leave the scale drops, but the histogram below shows you all PBs that WERE on the market.
      So that way you can see which DM is still in there and which one left.
      In addition to the squeeze line slopes.
      Not complicated.
      Did you also watch the MK blog?

      SME FX

    • June 5, 2023 at 4:43 am #73593
      ImpliedOdds
      Participant

      Hi. Thank you. So, the scales simply provide context as to if the market is “full” or “thin” correct? In other words, the scales do not reflect a certain side of the market (longs or shorts), but the total quantity of positions, correct? I watched all of the video course videos, but maybe I missed where this is taught/discussed? Thanks for any help.

    • June 9, 2023 at 2:07 pm #74186
      Admin SME
      Keymaster

      Hi IO,

      always look at the Net DM indicator with the squeeze lines, these quickly tell you whether overall the market is “unbiased” or “empty”.

      SME FX

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