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.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。