Hot Money Indicator is an indicator based on specific formula to detect Institutional/Banker investor activities.. Red means Smart Money Flowing in Green means Retailer
Preferable to have RED more than GREEN to go long.
릴리즈 노트
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MCDX is an indicator based on specific formular to detect Buyer and Seller momentum Red means Buyer's momentum. Green means Seller's momentum
Height of RED bar > 50% means BUYER is in control. i.e. preferable to have RED more than GREEN to go long.
Green colour is Retailer (Avoid).. Yellow is HotMoney (Fast in Fast Out.. can make money but need to be cautious) Red is Banker (Solid stock with potentially strong institutional support)
Updated version to gives flexibility of change the setting
릴리즈 노트
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Include Base value for Retailer and Banker. Change default setting to original value as requested.
Hi kgiap123, thank you for sharing the MCDX smart money. I’m a user of homily chart and I compare your mcdx found almost 70% same. The big deferent in your mcdx will show some red bar when price moving sideways but homily chart did not. Due to this sometime will give wrong indication that it is accumulation.
I try to adjust your RSIHistomodify but unable to get same like homily chart. Anyway your mcdx really almost same hopefully can improve the H L C /3 to get better and can sell. Good job
kgiap123
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@goshawk78, thanks for you input.. I modify the indicator to increase variation of the input.
khleung2003
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@kgiap123, hello, Would you tell me where can I use your public version of mcdx ? Thanks
TORNADOF5
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@kgiap123, hi , what it means when i see a lot red on 15 min chart but on all hourly most are green ??? it means buyer are buying in selling on same day ?? thank you
kgiap123
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@TORNADOF5, Hourly Green - Hihger Timeframe Bearish, 15 Min Red - Low Timeframe Bullish.. If you are intraday, your focus should be SHORTING.. M15 RED is just simply mean pullback and you should get ready to short when M15 turning GREEN following higher timeframe trend.