OPEN-SOURCE SCRIPT
Smart Money Prints [Cartel Console]
The Smart Money Prints [Cartel Console] is a volume-based oscillator designed to analyze market sentiment by comparing "informed" and "uninformed" volume flows. By utilizing modified versions of the Positive Volume Index (PVI) and Negative Volume Index (NVI), this tool helps traders identify where volume interest lies relative to price action.
How it Works:
1. Volume Segmentation: The script calculates PVI (tracking price action on high-volume bars) and NVI (tracking price action on low-volume bars). Theoretically, NVI often represents "informed" positioning during quiet periods, while PVI can represent "uninformed" or retail activity during high-volatility spikes.
2. Normalization: These indices are processed through an RSI-based calculation and normalized to a scale of -100 to 100, allowing for consistent overbought and oversold analysis across different assets.
3. Market Structure Shifts (MSS): The indicator includes a built-in structure detection logic. It identifies swing highs and lows and plots "MSS" labels when a structural break occurs, provided the volume sentiment (Net Index) aligns with the direction of the break.
### Visual Modes:
- Net Mode: Displays a central histogram showing the net difference between buy and sell volume interest.
- Compare Mode: Overlays two separate lines to visualize the independent trajectories of buying vs. selling pressure.
Key Settings:
- Index Period: Adjusts the summation lookback for volume interest.
- MSS Swing Length: Controls the sensitivity of the market structure detection.
- Normalization Period: Sets the lookback for the peak value calculation to keep the oscillator scaled.
How it Works:
1. Volume Segmentation: The script calculates PVI (tracking price action on high-volume bars) and NVI (tracking price action on low-volume bars). Theoretically, NVI often represents "informed" positioning during quiet periods, while PVI can represent "uninformed" or retail activity during high-volatility spikes.
2. Normalization: These indices are processed through an RSI-based calculation and normalized to a scale of -100 to 100, allowing for consistent overbought and oversold analysis across different assets.
3. Market Structure Shifts (MSS): The indicator includes a built-in structure detection logic. It identifies swing highs and lows and plots "MSS" labels when a structural break occurs, provided the volume sentiment (Net Index) aligns with the direction of the break.
### Visual Modes:
- Net Mode: Displays a central histogram showing the net difference between buy and sell volume interest.
- Compare Mode: Overlays two separate lines to visualize the independent trajectories of buying vs. selling pressure.
Key Settings:
- Index Period: Adjusts the summation lookback for volume interest.
- MSS Swing Length: Controls the sensitivity of the market structure detection.
- Normalization Period: Sets the lookback for the peak value calculation to keep the oscillator scaled.
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。