kgiap123

MCDX Plus

INTRODUCTION
Upgraded version of MCDX (Add Moving Average) PROTECTED VERSION
This indicator is similar to original MCDX to detect Buyer and Seller momentum based on Price and Volume to detect Buyer and Seller momentum
This indicator helps to detect “Strong Buyer Activities a.k.a Bankers” based on volume and price movement.


HOW TO USE THE INDICATOR?
There are 2 parts . BARs & Moving Average Lines

BARs
  • RED BAR = POSSIBILITY of BANKER VOLUME
  • YELLOW BAR = POSSIBILITY of HOT MONEY VOLUME
  • GREEN BAR = POSSIBILITY of RETAILER VOLUME

Red Bar Increase means Buyer's momentum increases.
Green Increase means Seller's momentum increases.
We focus on RED Bar to buy. i.e PREFERABLY we buy when RED bar increase.

Example:-
  • If Banker’s Bar (Red Bar) crosses above 5 (25%) = Banker begins to build position
  • If Banker’s Bar > 10 (50%) = Banker already built positions. Price will start accelerate
  • If Banker’s Bar > 15 (75%) = Banker in control. Price will rocket
  • If Green colour is Retailer (Avoid)..


MCDX Plus comes with Moving Average
DEAD CROSS (shares down)
  • Banker’s MA cross below Retail’s MA
  • Banker’s MA cross below Hot Money’s MA
  • Hot Money’s MA cross below Retail’s MA

GOLDEN CROSS (shares up)
  • Banker’s MA cross above Retail’s MA
  • Banker’s MA cross above Hot Money’s MA
  • Hot Money’s MA cross above Retail’s MA


Contact me to find out more about Turtle Trading System and indicators
Release Notes: Minor Bug Fix on Retailer Moving Average.
Release Notes: ver 57.0 : Change minimum offset setting to 2 to increase sensitivity for Intraday trade.
Release Notes: Version 61.0 Change Offset data type to float with 0.5 step change (Intraday trade setup)
Release Notes: Enhancement:-
1) Differentiate type of RED BAR
DARKER RED COLOR - STRONG BULL FORCE
LIGHTER RED COLOR - WEAK BULL FORCE

example of usage :- Potential Buy if Banker's Chip bar change from LIGHTER to DARKER RED

2) Enable Alert Notification of Banker's Bar color changing.
DARKER RED COLOR - STRONGER BULL Alert Notification
LIGHTER RED COLOR - WEAKER BULL Alert Notification
Release Notes:
  • Set Highlight Weak Banker as Default Setting
  • Add Oversold (OS) signal for Sell at Peak setup
  • Add Overbought (OB) signal for Buy on Dip setup

Detail usage of MCDX+ is shown below.
Release Notes: 1) Publish with Clean Chart.
2) Change offset default setting to 10
Release Notes: Change scale from 20 to 100 to represent percentage.
Release Notes: Remove dormant input and cleanup code.
Release Notes: Implement Golden & Dead Cross Alert.
Alert Conditions:-

Banker's MA > 25%
BANKER MA CROSSES HOTMONEY/RETAILER MA
Release Notes: Implement BANKER SPIKE ALERT
Spike up with +ve Delta % will trigger Spike Up Alert
Spike Down with -ve Delta % will trigger Spike Down Alert
The alert is determined by Banker Delta Alert setting.
Release Notes: Add Banker spike label onto the indicator to indicator further buy or further sell.
Release Notes: Release V1.31 :-
(Previous Released V1.08)
V1.15 Detect Banker Momentum for FIFO trade. (Measure relative strength of Banker's momentum versus Retailer momentum)
V1.16 Include SmartMCDX feature to enable analysis without volume data.
V1.16 Code cleanUp
Release Notes: Cosmetic update : Change HotMoney color to WHITE when Offset is not in default setting.
Release Notes: Add option in MCDX setting to allow user to choose Manual or Auto Offset setting

For Auto Offset setting, MCDX will automatically change the offset when Timeframe change based on the following :
M, W, D, 4H => Offset 10
2H, 1H => Offset 5
30min , 15min => Offset 2.5
5min down to 1min => Offset 0.5
Release Notes: update script to follow latest TV function call color.new()
No change to user experience.
Release Notes: Cosmetic change.
1. User able to customize color
2. MCDX value displayed as legend
3. Min Moving Average reduced to 1
4. Add Tooltip to explain functionality
Release Notes: Minor change
Add input to change legend width
Release Notes: Allow table to auto adjust the width based on content.
Release Notes: Version 172.0 - Reduce Minimum offset to 0.01 for scalping.
Release Notes: Ver177 : Integrate Momentum Indicator with Turtle Trend
Release Notes: V198 - Include Strong and Weak Retailer highlights, similar to Strong and Weak Banker higher.
---- How to Read ----
Strong Retailer (Dark Green) is when selling starts to make a move.
Weak Retailer (Light Green) is when selling is slowing down.
Strong Banker (Dark Red) is when buying start to rally.
Weak Banker (Pink) is when buying slowing down.

Example of usage (Best if use with Turtle Signal):-
Buy/LONG :
Turtle Signal / Trend Buy Signal on UPTREND and BULLISH
MCDX Retailer become weak (light green) and Banker become Strong (Dark Red)

Sell/SHORT:
Turtle Signal / Trend Sell Signal on DOWNTREND and BEARISH
MCDX Banker become weak (pink) and Retailer become Strong (Dark Green)

AVOID Sideway
Ignore Turtle Sell/Buy signal if
HotMoney (Yellow or Grey) dominate the %
Both Banker and Retailer are weak.

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 kgiap123 for more information, or follow the author's instructions below.

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Author's instructions

Please contact me privately to request for access. After subscription, this indicator will appear under "Invite-Only" script

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Warning: please read before requesting access.