Analyzes any and all financial markets looking for signs that denote the potential existence of Un-Filled Orders (to either buy or sell).
Plots buy and sell “UFOs” on price charts (shaped as round flying saucers). Traders use them to define entries, stops and targets with great precision. Traders often combine other techniques (Fibs, Support/Resistance, Technical Indicators, Moving Averages, Bollinger Bands®, Technical Analysis, Fundamental Analysis/Value Investing, etc.) and make sure their entries and exits coincide with a UFO on the chart to potentially add odds to their trade ideas.
Is also used by large commercial companies looking to hedge the currencies, commodities and more they use in such businesses. In case you haven’t guessed, UFO is the acronym for Un-Filled Orders.
Is available for the following platforms:
TradingView
Works with all TradingView Plans including Free Basic
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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Virtual Currency Disclosure: View CFTC advisories as they contain more information on the risks associated with trading virtual currencies.
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