deKoder | Whale Prints [WP]

deKoder | Whale Prints [WP] | Large Trade Orderflow Detection
This open-source indicator is a clean, precision tool for revealing hidden large-volume activity directly on your chart. By scanning ultra-low timeframes while you view higher ones, it projects statistically significant volume spikes as intuitive markers giving you a clear window into institutional orderflow without visually overwhelming the price action.
Key Features & Strengths

• True Intra-Bar Detection | Monitors lower timeframes down to 1-second bars, catching aggressive block trades and absorption that occur within a single higher-TF candle.
  
• Accurate Trade Levels | Markers are placed at the actual hl2 price of the aggressive lower-TF bar, providing a far more accurate estimate of where the large trade executed than typical mid-candle approximations.
  
• Multiple Trades Per Bar | If several significant volume spikes occur inside one higher-TF candle, all qualifying levels are displayed individually – offering greater granularity and context.
  
• Adaptive Thresholding | Uses higher-TF volume standard deviation (stable baseline) intelligently scaled to the lower timeframe, reducing noise in quiet markets while remaining sensitive to genuine outliers.
  
• Clean Visual Hierarchy | Three tiers (Small 🞉 / Medium ⏣ / Large 🞊) with dynamic symbol size, line thickness, transparency, and user-definable bullish/bearish coloring based on LTF candle direction.
  

How to Use It as an Orderflow Tool
Large volume spikes often mark the footprints of institutional players. This indicator helps you read those footprints in real time.

1. Small (🞉) | Moderate excess volume: early interest, probing, or building positions.
   
2. Medium (⏣) | Strong spike: increasing conviction, potential momentum shift.
   
3. Large (🞊) | Extreme outlier: frequently climactic volume signalling exhaustion or major absorption.
   

Why Price Often Reverses at These Levels
Large players frequently place limit orders in areas rich with liquidity – commonly just beyond recent highs/lows where retail stop-losses cluster. When price sweeps those zones:

• Stop hunts trigger a cascade of forced exits, creating liquidity for larger participants to fill their limit orders.
  
• Breakout traders who entered on the move are trapped offside and become forced buyers/sellers when price reverses.
  
• Institutions use this liquidity to execute large orders at favorable prices with minimal immediate market impact.
  

The result is aggressive volume at the extreme, followed by reversal as smart money finishes filling and price returns toward fair value. Clusters of medium/large markers at swing points are classic signs of this dynamic.

Practical Analysis Tips

• Reversals/Absorption | Clusters of large markers at swing highs/lows (especially opposing-color spikes) signal potential turns – buyers or sellers stepping in aggressively.
  
• Level Defense | Trades piling up at key support/resistance suggest institutions protecting or building positions.
  
• Trapped Traders | Large spikes beyond range pivots followed by reversal back into the range often highlight trapped breakout traders who add fuel to a move when they are forced to liquidate their positions.
  
• Use Offset (-3 to +3) to shift markers away from current price for clearer viewing.
  
• Pro tip: Zoom into the lower TF occasionally to see how these projected levels align exactly with aggressive candles.
  

Recommended Pairings
This is designed as a pure orderflow overlay to be layered with your existing setup:

• Support & Resistance (horizontals, pivots, Volume Profile POC/VAH/VAL)
  
• Market Structure tools (swing points, order blocks, fair value gaps)
  
• Trend filters (EMAs, SuperTrend, higher-TF bias)
  
• Momentum oscillators for timing confluence
  

Best Suited For

• Scalping & day trading (1–15 min charts with 5–30S lower TF)
  
• Swing trading entries (1H–4H charts with 1–5 min lower TF)
  
• High-liquidity markets: crypto perpetuals, forex majors, volatile stocks
  

Add this indicator to start seeing the hidden aggression driving price and expose the hidden edges beyond the noise.

☠ FR33FA11 | deKoder ☠

Released January 2025 | Open Source