Smart Money Flow Pro (MI02b) indicator shows Buyer / Seller activities by calculating series of Price & Volume data, over a certain period of time. It analyses Institutional fund possible behavior from the pool of data derived from price volume movement every trading day.
RED bar represents percentage of stock holders are currently in profit. Purple line is RED bar's moving average. Green bar represents percentage of stock holders are currently in loss. Lime Green line is Green bar's moving average. Yellow bar represents percentage of daily traders (buy & sell at the same day). Pink line is Yellow bar's moving average.
RED bar > 50% shows institution fund has in control, uptrend is likely easier to continue. BLUE bar > 50% shows retailer fund is stucked inside, downtrend is likely easier to continue.
Crossing of moving average lines indicates changing of trend (reversal sign): 1) Purple line up-crossed Green line - UPTREND 2) Green line up-crossed Purple line - DOWNTREND
Smart Money Flow Pro includes 6 Long/Buy signals (🔺, ⭕️, 👍, 😊, 📈, 🔷) Each signals comes with individual alert setting.
Disclaimer: This script indicator is solely for the purpose of education / opinion sharing only, and should not be construed as investment advice or recommendations to buy or sell any security. Get your trade advise from a legit broker, you are responsible on your own trade. Thank you.
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