by vtnhqw· code credited to MCDX Smart Money Indicator - Pine Script v6 Recreation
MCDX Smart Money is a separate pane momentum oscillator that calculates and categorizes momentum components into Banker, Hot Money, and Retailer profiles using modified RSI calculations.
1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
131 lines of Pine Script v6 from indicators/MCDX-SmartMoney.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
The values are computed using configurable RSI periods, bases, and sensitivity multipliers, clamped within fixed boundaries. It offers optional moving average smoothing lines, background signal highlights, and percentage labels. Designed as a proxy for momentum strength, it visually reflects dominant underlying momentum drivers.
RSI-derived momentum components for Banker, Hot Money, and Retailer
Configurable base, period, and sensitivity settings for RSI calculations
Optional moving averages for component smoothing
Visual background signal highlights and percentage labels
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Banker RSI Base
int
50
bankerBase
Banker RSI Period
int
50
bankerPeriod
Banker Sensitivity
float
1.5
bankerSens
Hot Money RSI Base
int
30
hotBase
Hot Money RSI Period
int
40
hotPeriod
Hot Money Sensitivity
float
0.7
hotSens
Show Moving Averages
bool
true
showMA
MA Period
int
10
maPeriod
Show Background Signal
bool
true
showBg
Show % Labels
bool
true
showLabels
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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