The “Smart Volume” developed by apozdnyakov is one of genius way to use multi time frame tool for a beneficiary purpose to improve resolution of value data instead of faking the backtest result. The standard volume data does not give detail information about seller or buyer dominance in the certain periods, so it is just sum of all trades. To improve it, the Smart...
The last tool in my methodology set, another one of those tools that has unique unpublished formulas, this one purely for following volume and reading smart money's hand, YES it's possible. This indicator has few Alerts built in that you can use, will update the rest of the scripts for additional alerts. You can easily set the alert to play a sound that is not...
- Plot a series of Smart Money Trend Lines to indicate Different Periods of Support & Resistance:] Red : Very Short Term Trend Lime : Short Term Trend (Swing Life Line) Blue : Mid Term Trend Black : Long Term Trend (Bull Bear Life Line) - Plot a series of Smart Money Signal to indicate Buying/Holding/Selling Alerts: Bottom Arrow Up : Temporary...
Out of beta! This script distinguishes up/down volume based on lower resolution. It's important to set correct input "Detailed Resolution" — it affects detalization/loading speed. If equal to chart resolution, should match builtin "volume". The lower it is, the more detalized up/down border.
PRO SINEWAVE IS BASED ON ADVANCED CYCLE ANALYSIS : It watches the prices movements and see if there is cyclical components in it or not (a market that is not cyclical is basically in trend (either buyers or sellers are predominant). The indicator then studies those price cycles and process them through a sophisticated algorithm ( 3 years of day by day...
This script distinguishes up/down volume based on lower resolution. It's important to set correct inputs. Second - affects detalisation/loading speed. Third one needs to be set according to your chart resolution. 1440 for 'D', 30 for '30'.
Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment. The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns. The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day because...