Here is the new and improved Market Maker Balance.
First off, I inverted the scales because it caused some confusion for others... I must admit, even I prefer it this way.
I removed the goofy rising vs climax balance lines and crosses. They were useless in the end.
I added a local high and low line per cycle (cycle changes are noted by the orange and cyan dots, where a cycle flips primarily bullish or bearish -- not a buy/sell indicator on its own).
I added MACD-like fading for falling and rising MMB either side of the 0 line. This indicates a tapering off of MM interest in that direction.
The big piece de resistance, though, are buy and sell signals as I have been using this indicator.
It's really simple. You build on circles and close on crosses, blue is long and pink is short. To maximise profit, these signals are lined up with climax candles as calculated in Traders Reality style PVSRA.
You should always use the build signals with 1x leverage or lower. You can opt to increase leverage, if you're using it, as the MMB definitively curves away from its high/low and brings you into profit.
I also added a bit of hidden code too that can be enabled if you hide the other plots and show the spike counts. Spikes are any pin that's 2x the 200-period average and the delta is which side MMs are screwing over more.
IMPORTANT: Bear in mind this is just a glorified calculator for me to trade faster on 1m, 5m, 15m timeframes. It helps, it speeds things up, it is not something you trade on its own. It's there to help me favour the right bias, in order to stay on the side of MM's and not retail. The key thing to keep in mind is that bullish candles are bearish indicators; the MM has taken on the short side of a buy market order, which means they are going to bring price back down to that point to realise their profit. When, we don't know, but with the MMB you can at least get a sense of how overstretched the price is vis-a-vis the market maker's position.
Enjoy and trade light, trade often!