Trader Set - Buy Sell PowerThis is an original oscillator I Developed for my methodology, the Idea and base thought of formula came from MACD, we all know that momentum, if being set correctly, is a leading indicator and actually, it's one of few real leading indicators, keeping that in mind a heavy R&D was done and the result is a formula that can show the momentum of buyers or sellers in the market, for buying momentum, the formula is totally different than selling momentum, but knowing that the correlation is there, I added both formulas into one oscillator that would be easy to understand and use in my methodology.
Please don't contact me for the access, access is given only to my students, the English version of the website and learning material is under development. As soon as they are ready, I will announce it under every related script in comment section.
Smartmoney
Smart Money Index (SMI) Backtest Attention:
If you would to use this indicator on the ES, you should have intraday data 60min in your account.
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. The indicator is based on intra-day price patterns.
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 a lot of buying on market orders and short covering at the opening.
Smart, experienced investors start trading closer to the end of the day having the opportunity to evaluate market performance.
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, DJIA, etc.)
The SMI sends no clear signal whether the market is bullish or bearish. There are also no fixed absolute or relative readings signaling
about the trend. Traders need to look at the SMI dynamics relative to that of the market. If, for example, SMI rises sharply when the
market falls, this fact would mean that smart money is buying, and the market is to revert to an uptrend soon. The opposite situation
is also true. A rapidly falling SMI during a bullish market means that smart money is selling and that market is to revert to a downtrend
soon. The SMI is, therefore, a trend-based indicator.
Some analysts use the smart money index to claim that precious metals such as gold will continually maintain value in the future.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
BullTrading Market StructureThere are many paths for profitability in the markets, but understanding the framework in which Smart Money operates is one valuable way to simplify the process, no matter if you are a scalper or a swing trader, by applying this concepts in your trading you will dramatically improve your performance (BullTrading will publish a book very soon).
BullTrading Market Structure is a background indicator that will display in your charts a Weekly Envelope, Daily Highs and Lows, end of Weeks and Days.
In order to properly visualize the indicator you will need to adjust the preferred colors and Format of your Chart Layout, simply click the small gear located at the top left corner from your charts, select "Background" and set the Vertical and Horizontal Grid transparency to 100%, also you must set and verify your individual timezone settings.
Best Regards
The BullTrading Team
