MCDX is an indicator based on mutilple relative strength index (RSI) with different period, then classify into 3 categories - Retailer, Hot Money and Banker
- Green - Retailer
- Yellow - Hot money
- Red - Banker
the higher and many reds are more preferable
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules.
You can favorite it to use it on a chart.
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