OPEN-SOURCE SCRIPT
Retail SMFI _ StrategicVault-999
Alright, real talk: this is my Retail SMFI — a mashup of volume and price action designed to sniff out when retail traders might be crowding in or out (overbought or oversold zones).
Just kidding… or am I? 😉
What’s going on here?
I took a simple idea: if price and volume move together, the trend might be strong; if they’re out of sync, maybe a reversal’s brewing.
So, I smoothed the price and volume with a 21-period EMA each, then checked how closely they correlate over the last 14 bars. Multiply that by 100 and boom — you get SMFI, a handy signal telling you when the crowd might be pushing too far.
What to expect on your chart:
SMFI line in green when price and volume agree (bullish vibes)
SMFI line in red when they disagree (watch out!)
Clear overbought (default 50) and oversold (-50) lines, so you know when things are getting spicy.
Background flashes red or green in those extreme zones — can’t miss ‘em!
Alerts ready to ping you when SMFI hits those levels. Perfect if you don’t want to stare at the screen all day.
Should you trust it?
Well… it’s a simple but solid tool to catch when retail crowd behavior might be peaking or bottoming out. Not magic, but it’s got your back when combined with other indicators or your own smarts.
If you like this kind of no-nonsense volume+price combo, you’re gonna love it. If not, hey, blame me — but maybe give it a try first? 😄
In short:
I made this for fun — but it’s surprisingly useful.
Use it wisely, don’t blindly follow it, and maybe you’ll catch some juicy reversals.
Need it tweaked? Hit me up!
And hey, if you find a bug, that’s on me too. Just kidding, mostly. 😅
Just kidding… or am I? 😉
What’s going on here?
I took a simple idea: if price and volume move together, the trend might be strong; if they’re out of sync, maybe a reversal’s brewing.
So, I smoothed the price and volume with a 21-period EMA each, then checked how closely they correlate over the last 14 bars. Multiply that by 100 and boom — you get SMFI, a handy signal telling you when the crowd might be pushing too far.
What to expect on your chart:
SMFI line in green when price and volume agree (bullish vibes)
SMFI line in red when they disagree (watch out!)
Clear overbought (default 50) and oversold (-50) lines, so you know when things are getting spicy.
Background flashes red or green in those extreme zones — can’t miss ‘em!
Alerts ready to ping you when SMFI hits those levels. Perfect if you don’t want to stare at the screen all day.
Should you trust it?
Well… it’s a simple but solid tool to catch when retail crowd behavior might be peaking or bottoming out. Not magic, but it’s got your back when combined with other indicators or your own smarts.
If you like this kind of no-nonsense volume+price combo, you’re gonna love it. If not, hey, blame me — but maybe give it a try first? 😄
In short:
I made this for fun — but it’s surprisingly useful.
Use it wisely, don’t blindly follow it, and maybe you’ll catch some juicy reversals.
Need it tweaked? Hit me up!
And hey, if you find a bug, that’s on me too. Just kidding, mostly. 😅
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.