Smart money pressure.

[Tigre3]

I need an indicator.

INPUT:
- Period of simple avg on volume.
- How many bars back the indicator will start.

The indicator use:
Close, volume, simple moving average of volume.

Step 1: Calculate the price change from the previous bar: CLOSE-CLOSE(-1)
Step 2: Calculate the movement of the istitutional:

IF volume>SMA(X PERIOD) THEN
SM= SM + price change
ELSE
SM= SM (no change, it use the last value)

The first value of SM (smart money) is the same of CLOSE (How many bars back the indicator starts it's defined by the input) the it change using the instructions above.

This is the result:

Step 3, this is the OUTPUT: SM-CLOSE

This is the final result:

The first value, obviously, will be 0 because the first value of SM line is the same of price as said before.

If you want control your result with my charts I've used Eur/Usd 4H.

Thank you in advance.

[Apprentice]

Requested can be found here.
viewtopic.php?f=17&t=60741

[Tigre3]

It's wrong! My request was an oscillator because the y-axis is different so It must be in a different area, I think that there is not the step 3: SMART MONEY - CLOSE.. Thank you!

[Apprentice]

Oscillator Version Added.

[Tigre3]

Good morning,

I'd like a similar indicator of "smart money pressure".

The steps are almost the same, the different thing is that:
- It's not calculated on price but on the indicator accumulation/distribution (A/D).
- There're two output: 1. Smart Money 2. Retails.

INPUT:
- Period of simple avg on volume.

The indicator use:
Accumulation/distribution, volume, simple moving average of volume.

Step 1: Calculate the price change from the previous A/D value: A/D - A/D(-1)
Step 2:
A. Calculate the movement of the smart money (first line in the oscillator):

IF volume>SMA(X PERIOD) THEN
SM= SM + A/D change.
ELSE
SM= SM (no change, it uses the last value)

B. Calculate the movement of the retails (second line in the oscillator)
IF volume<SMA(X PERIOD) THEN
Retail= Retail + A/D change.
ELSE
Retail= Retail. (no change, it uses the last value).

Please also add the option to show just SM or Retail or both of them.

Thank you in andvance.

[Thecity]

Any news?

[Apprentice]

Try this version.
viewtopic.php?f=17&t=62294