MCDX SmartMoney

Hot Money Indicator is an indicator based on specific formula to detect Institutional/Banker investor activities..
Red means Smart Money Flowing in
Green means Retailer

Preferable to have RED more than GREEN to go long.

Versionshinweise:

MCDX is an indicator based on specific formular to detect Buyer and Seller momentum
Red means Buyer's momentum.
Green means Seller's momentum

Height of RED bar > 50% means BUYER is in control. i.e. preferable to have RED more than GREEN to go long.

Green colour is Retailer (Avoid)..
Yellow is HotMoney (Fast in Fast Out.. can make money but need to be cautious)
Red is Banker (Solid stock with potentially strong institutional support)


Updated version to gives flexibility of change the setting

Versionshinweise:

Include Base value for Retailer and Banker.
Change default setting to original value as requested.

Versionshinweise:

Set minimum value for RSIBase1 to 10.


*** Default Settings
RSIBase0 = 50
RSIPeriod0 = 50
RSIBase1 = 30
RSIPeriod1 = 40
RSIBanker = 1.5
RSIRetailer = 0.7


*** Sensitive Settings
RSIBase0 = 30
RSIPeriod0 = 20
RSIBase1 = 10
RSIPeriod1 = 20
RSIBanker = 0.4
RSIRetailer = 0.4

Versionshinweise:

Add 25% and 75% level
Add meaningful title in the SETTINGs

Versionshinweise:

Upgrade to Pincescript Version4
Add Banker Moving Average