Smart Money Tracker [Eˣ]

💰 Smart Money Tracker - Free Indicator

Overview
The Smart Money Tracker helps you identify when institutional traders (banks, hedge funds, and large players) are actively buying or selling. By analyzing unusual volume patterns and price action, this indicator reveals hidden accumulation and distribution zones that often precede major price moves.

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🎯 What This Indicator Does

Tracks Institutional Activity:
• Detects when "smart money" is accumulating (buying) at support levels
• Identifies when institutions are distributing (selling) at resistance levels
• Shows real-time buying and selling pressure through volume analysis
• Highlights bars where unusual institutional activity is detected

Visual Signals:
• 🟢 [color=green]Green Circles Below Bars[/color] = Accumulation Zone (institutions buying at lows)
• 🔴 [color=red]Red Circles Above Bars[/color] = Distribution Zone (institutions selling at highs)
• [color=green]Green Background Tint[/color] = Strong buying pressure detected
• [color=red]Red Background Tint[/color] = Strong selling pressure detected
• Dashed Lines = Key institutional levels to watch

Money Flow Histogram:
• Shows buying vs selling pressure in real-time
• Scale from -100 (extreme selling) to +100 (extreme buying)
• Green bars = Net buying pressure
• Red bars = Net selling pressure

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📊 How To Use This Indicator

Basic Usage

1. Look For Accumulation Signals (🟢)
• Green circles appear when institutions are buying at support
• These zones often mark the end of pullbacks
• Price typically bounces from these levels
• [color=green]Trading Signal:[/color] Consider long positions when accumulation appears at key support

2. Watch For Distribution Signals (🔴)
• Red circles appear when institutions are selling at resistance
• These zones often mark local tops
• Price typically reverses from these levels
• [color=red]Trading Signal:[/color] Consider taking profits or short positions when distribution appears at resistance

3. Monitor The Pressure Histogram
• Values above +20 = Strong buying pressure (bullish)
• Values above +5 = Moderate buying pressure
• Values between -5 and +5 = Neutral/ranging
• Values below -5 = Moderate selling pressure
• Values below -20 = Strong selling pressure (bearish)

4. Check The Info Panel (Top Right)
• Status: Quick summary of current market pressure
• Pressure: Numerical value of buying/selling force
• Volume: Current volume status (High/Normal)
• Accumulation Count: Number of accumulation signals in last 20 bars
• Distribution Count: Number of distribution signals in last 20 bars

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💡 Trading Strategies

Strategy 1: Accumulation Bounce
1. Wait for green accumulation circle at support level
2. Confirm with positive money flow histogram
3. Enter long when price bounces from accumulation zone
4. Set stop loss below the accumulation level

Strategy 2: Distribution Reversal
1. Watch for red distribution circle at resistance
2. Confirm with negative money flow histogram
3. Consider taking profits on longs or entering shorts
4. Set stop loss above the distribution level

Strategy 3: Pressure Divergence
1. Price making new highs but histogram declining = Bearish divergence
2. Price making new lows but histogram rising = Bullish divergence
3. These often signal trend exhaustion and reversals

Strategy 4: Zone Confluence
1. When accumulation zones align with major support = High probability long
2. When distribution zones align with major resistance = High probability short
3. Multiple signals at same level = Institutional interest confirmation

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⚙️ Settings Explained

Volume Analysis Length (Default: 20)
• Lookback period for calculating average volume
• Lower values = More sensitive to recent volume spikes
• Higher values = Smoother, less sensitive to noise
• Recommended: 14-20 for day trading, 20-30 for swing trading

Smart Money Threshold (Default: 1.5)
• Multiplier for detecting "unusual" volume
• Lower values = More signals (more sensitive)
• Higher values = Fewer signals (only extreme volume)
• Recommended: 1.3-1.5 for volatile markets, 1.5-2.0 for calmer markets

Show Accumulation/Distribution Zones
• Toggle ON/OFF the dashed zone lines
• Keep ON to track key institutional levels

Show Smart Money Labels
• Toggle ON/OFF the zone labels
• Turn OFF for cleaner chart appearance

Show Pressure Histogram
• Toggle ON/OFF the money flow histogram
• Keep ON to see real-time pressure gauge

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🎓 Understanding The Methodology

What Is "Smart Money"?
Smart money refers to institutional traders, banks, hedge funds, and large players who have significant capital and often move markets. These players:
• Buy during weakness (accumulation)
• Sell during strength (distribution)
• Create support and resistance zones
• Their activity precedes major moves

How The Indicator Detects Smart Money:

1. Volume Analysis: Compares current volume to average volume to detect unusual activity
2. Price Action: Analyzes candle closes, wicks, and position within the range
3. Context: Identifies if activity happens at key swing highs or lows
4. Flow Calculation: Measures directional volume flow (buying vs selling)

Why This Works:
• Institutions cannot hide large orders - they create volume spikes
• Accumulation at lows shows conviction in higher prices
• Distribution at highs shows institutions taking profits
• Following smart money increases probability of success

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📱 Alert Setup

This indicator includes 4 built-in alert types:

1. Accumulation Detected - Fires when institutions buy at support
2. Distribution Detected - Fires when institutions sell at resistance  
3. Strong Buying Pressure - Fires when pressure histogram exceeds +30
4. Strong Selling Pressure - Fires when pressure histogram drops below -30

To Set Up Alerts:
1. Click the "Alert" button (clock icon) in TradingView
2. Select "Smart Money Tracker" from the indicator dropdown
3. Choose your alert condition
4. Configure notification settings
5. Click "Create"

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💎 Pro Tips

✅ Best Timeframes: Works on all timeframes, but most effective on 15min, 1H, 4H, and Daily

✅ Combine With: Support/resistance levels, trend indicators, or your existing strategy

✅ Volume Matters: Signals are stronger on higher timeframes with significant volume

✅ Multiple Signals: Repeated accumulation/distribution at same level = Strong institutional interest

✅ Market Context: Use alongside broader market trend analysis for best results

⚠️ Avoid: Low volume periods, major news events (false signals possible), and over-relying on single indicator

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🚀 What Makes This Different?

Unlike basic volume indicators, Smart Money Tracker:
• Contextual Analysis - Doesn't just measure volume, but WHERE and HOW it occurs
• Visual Clarity - Instant visual feedback on institutional activity
• Multi-Layered - Combines volume, price action, and flow analysis
• Actionable - Clear zones and signals for trading decisions
• Professional Grade - Uses techniques from institutional trading desks

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📝 Notes

• This indicator works best as part of a complete trading system
• Always use proper risk management and position sizing
• Past performance does not guarantee future results
• Consider combining with other forms of analysis
• Test thoroughly on demo accounts before live trading

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🙏 Support This Work

If you find this indicator helpful:
• ⭐ Give it a thumbs up
• 💬 Leave a comment with your experience
• 🔔 Follow for more free tools and updates
• 🚀 Share with fellow traders

Questions? Drop a comment below and I'll help you out!

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Developed with ❤️ for the TradingView community

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Version History
• v1.0 - Initial release with core smart money detection features