Re: EURCHF spike: There was a comment on Forexlive about hedge funds being killed by the move.... I was long as you since two months ago, and could manage a good profit on the spike!!, I closed everything just in case instability leads to SNB losing control of the situation.
check out Market Facillitation Index (MFI) it's a standard MT4 indicator... Market Facilitation Index (MFI) | Forex Indicators Guide
Basically a squat bar or a pink one indicates that the volume is high but the Price Action doesn't match it (a bit like dynamic pressure) and they usually occur at the end of a trend...i have a squat bar on 4h; however i suspect it's due to people taking profit rather than entering long
they don't always indicate the end of a trend but more so high volume with buyers and sellers matched, one side eventually wins and once PA breaks the high/low of the squat bar it can shoot off in that direction...which in itself is a strategy
Triantus, in our Forex Military school, there is an example of squat and explanation, but I"ve used Crude Oil chart as example. Unfortunately I do not remember exactly in what chapter I talked about it