Indicator Notes｜$IOST ｜Failure to hold the 0.001 level
Definition: There are often plenty of stop-loss orders clustered near key levels. If the price moves past one, those stops may all be triggered at once, causing volatility to spike.
How to read it: The first rebound after a break is often seen as a litmus test. If the price is turned back near the key level, that lends more weight to the idea that support has turned into resistance.
The same reading can mean very different things in different market conditions, so don’t apply a rule blindly.
#IOST
Definition: There are often plenty of stop-loss orders clustered near key levels. If the price moves past one, those stops may all be triggered at once, causing volatility to spike.
How to read it: The first rebound after a break is often seen as a litmus test. If the price is turned back near the key level, that lends more weight to the idea that support has turned into resistance.
The same reading can mean very different things in different market conditions, so don’t apply a rule blindly.
#IOST