Whale Activity Indicator (WAI)

The Whale Activity Indicator (WAI) is a volume-based trading tool designed to detect large institutional trades and dark pool activities. It helps traders identify potential buying and selling pressure from major market participants by analyzing volume spikes, On-Balance Volume (OBV), and the Money Flow Index (MFI).

Key Features:
✔ Detects institutional and dark pool trades based on volume thresholds.
✔ Identifies volume spikes to highlight unusual trading activity.
✔ Uses OBV and MFI trends to confirm buying or selling pressure.
✔ Generates Buy & Sell signals with visual markers on the chart.

How It Works:
Volume Analysis: Determines whether a trade exceeds institutional or dark pool volume levels.
Volume Spike Detection: Compares the current volume against a moving average to spot unusual surges.
OBV & MFI Confirmation: Analyzes trends in OBV and MFI to validate whether the money flow supports a buy or sell signal.
Interpreting Signals:
🟢 Whale Buy (Green Arrow & Background) → Institutional buying detected.
🔴 Whale Sell (Red Arrow & Background) → Institutional selling detected.

The WAI helps traders spot accumulation and distribution phases and potential market reversals driven by large investors.

👉 Best used with other technical indicators to confirm trends and improve accuracy.