Profit Loss Fund Template ( PLFT / MCDX ) — Indicator by SmartYoloPro

oscillator volatility volumestudies mcdx institutional_trading fundmanager profit

Profit Loss Fund Template indicator shows Buyer / Seller activity by calculating series of daily Price & Volume data, over a certain period of time.
It helps to analyse Institution fund's possible behavior with pool of data derived from price volume movement.

RED bar represents percentage of stock holders are currently in profit.
Purple line is RED bar's moving average.
BLUE bar represents percentage of stock holders are currently in loss.
Green line is BLUE 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

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact SmartYoloPro for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

The author of this script can no longer grant access to it. Please don't request access.

Want to use this script on a chart?

Warning: please read before requesting access.