OPEN-SOURCE SCRIPT
Mis à jour

Smart Money Oscillator [Nic]

38587
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.[1] The indicator is based on intra-day price patterns.[2]

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 much buying on market orders and short covering at the opening. 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, Dow Jones, etc.)

This script turns the smart money index into an oscillator so you can determine the relative strength of the smart money.
Notes de version
Fixed a variable.
Notes de version
Fixed image
Notes de version
Fixed image2
Notes de version
Fixed image
Notes de version
fixing image, why wont you update
Notes de version
- Bug Fix
- special thanks to tradingview.com/u/ragnarok628/ for code review

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.