Smart Money Oscillator [Nic]

21 thg 11, 2020

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.[1] The indicator is based on intra-day price patterns.[2]

The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day because of the overnight news and economic data. There is also much buying on market orders and short covering at the opening. Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated for many markets and market indices (S&P 500, Dow Jones, etc.)

This script turns the smart money index into an oscillator so you can determine the relative strength of the smart money.

23 thg 11, 2020

Phát hành các Ghi chú

Fixed a variable.

23 thg 11, 2020

Phát hành các Ghi chú

Fixed image

23 thg 11, 2020

Phát hành các Ghi chú

Fixed image2

23 thg 11, 2020

Phát hành các Ghi chú

Fixed image

23 thg 11, 2020

Phát hành các Ghi chú

fixing image, why wont you update

23 thg 11, 2020

Phát hành các Ghi chú

- Bug Fix
- special thanks to tradingview.com/u/ragnarok628/ for code review