Smart Money Indicator (Leading Indicator)

[superbliss]

I have been trading for a few years. Awhile back, I came across one of the most informative indicators I've ever seen. I can't find it for NinjaTrader though. I've looked through the entire Indicators section of the support forum but have had no luck finding it. I don't know how to program indicators.

Would it be possible for someone in the forum to code it?

I believe the indicator was called the 'large trader indicator' or 'smart money indicator'. It simply plotted a line over the chart, it could also have its own panel though.

The line graphed the activity of traders who traded large amounts of contracts (smart money). The line increased as 'smart money' traders were buying and decreased as they were selling. The indicator allowed the number of contracts per trade to be adjusted. So by making the number-of-contracts-per-trade number small the indicator could also plot the 'dumb money'.

It is very interesting to see how the indicator shows that the 'smart money' traders buy at lows and sell at highs, and how 'dumb money' buys at highs and sells at lows.

It was very effective and informative because it also behaved as a leading indicator. One of the few that I have seen.

Thank You and Best Wishes with your trading!
Bryan

[NinjaTrader_Bertrand]

Welcome to our forums Brian, I'm unfortunately not aware of the Smart Money Index already being created in NinjaScript, but have you taken a look at our Power Volume indicators available per default with NinjaTrader?

http://www.ninjatrader-support.com/HelpGuideV6/PowerVolumeIndicators.html

[PTE97]

superbliss, have you looked at NVI(negative Volume Indicator) on page 11 of Indicators?