OPEN-SOURCE SCRIPT
Pipstocrat Market Participant Analysis
Pipstocrat Market Participant Analysis (PMPA) , analyzes the behavior of different types of traders in the market: Hot Money (short-term traders), Smart Money (institutional or professional traders), and Retail Traders . It uses RSI-based calculations to measure their activity and displays the results as colored bars on a chart.
Customizable Colors: Users can change the colors for each type of trader and other visual elements like reference lines.
Reference Lines: Horizontal lines at levels 5 (Support), 10 (Neutral), and 15 (Resistance) help interpret the data.
Focus on RSI: The script simplifies analysis by focusing solely on RSI-based signals.
This tool helps traders quickly identify trends and sentiment in the market, making it easier to spot potential opportunities.
Customizable Colors: Users can change the colors for each type of trader and other visual elements like reference lines.
Reference Lines: Horizontal lines at levels 5 (Support), 10 (Neutral), and 15 (Resistance) help interpret the data.
Focus on RSI: The script simplifies analysis by focusing solely on RSI-based signals.
This tool helps traders quickly identify trends and sentiment in the market, making it easier to spot potential opportunities.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.