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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.