Comments for https://ctrader.com/products/2367

Based on the code provided, the Institutional Flow Radar is a sophisticated Volume Analysis tool designed to profile market participants. It doesn't just look at how much volume is traded, but how the price reacts to that volume to distinguish between "Smart Money" (Capital) and "Retail/Aggressive" (Public) flow.

Here is the breakdown of its core signal logic:

1. Volume Anomalies (The "Radar") 📡
   The foundation of the indicator is statistical volume analysis. It does not care about standard volume; it looks for outliers.

Logic: It calculates the Z-Score (Standard Deviation) of the current volume relative to the last PeriodBars (default 50).

The Signal: If the volume Z-Score exceeds the Threshold (default 2.0—meaning volume is 2 standard deviations above the mean), the bar is flagged as a Significant Event. This filters out noise and highlights bars where heavy liquidity exchange occurred.

1. Participant Classification (The "Who") 🏦 vs 🏃
   Once a high-volume event is detected, the indicator classifies who likely drove that move based on the Candle Structure (Body-to-Range Ratio).

Capital (Institutional / Smart Money):

Logic: Body / Range < 0.4 (Small Body, Long Wicks).

Interpretation: High volume but little price progress suggests Absorption. Institutions are often using limit orders to absorb selling pressure (or buying pressure) without moving the price too much. This is a classic "hidden" footprint.

Public (Retail / Momentum):

Logic: Body / Range >= 0.4 (Large Body, Small Wicks).

Interpretation: High volume with significant price movement suggests Aggression. This is typical of market-order driven flow, momentum chasing, or "herd" behavior.

1. Dynamic Support/Resistance (The Levels) 🧱
   The indicator marks the Close Price of these high-volume events as key levels.

Creation: A line is drawn extending forward from the event bar.

Mitigation (Removal): The code includes a "mitigation" logic. If future price action fully engulfs the level (Price crosses and closes beyond it), the level is considered "consumed" or invalid and is removed from the chart. This keeps the chart clean, showing only active unmitigated supply/demand zones.

1. Flow Bias (The Sentiment) ⚖️
   The indicator exposes a hidden Bias data series (useful for cBots) and a visible P/L Summary panel.

Logic: It tracks how much volume is currently "In Profit" vs. "In Loss" for both Capital and Public classes.

The Signal:

Bias = 1: Capital flow is performing better (Smart Money is winning).

Bias = -1: Public flow is performing better.

This helps you align your trades with the side that is currently dominating the P/L equation.
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