Most traders want volatile price action that s how we make money. The blue line moves with the fast moving price.
A fast downward move of the price occurs the impulse move.
How to spot smart money movement. Especially if they have a strong opinion. Smart money index smi or smart money flow index is a technical analysis indicator demonstrating investors sentiment. If today s close previous close.
The indicator is based on intra day price patterns. Sports betting is the only one of those three where players. In skill based gambling verticals sports betting daily fantasy poker it s possible to win over the long run.
Find an online interactive charting service that displays on balance volume. The index was invented and popularized by money manager don hays. How to track smart money flow in the markets find a charting service.
So trading with smart money is about to go with smart money if they buying we will buy. Previous cumulative volume today s volume obv. It will appear as.
Where the volume happens is critical. When the smart money wants stock they can t hide. It is generally shown as obv.
Previous cumulative volume today s volume obv. It is a commonly. If the orange line isn t leading the price at the beginning of the pullback then it should at least get leading during the pullback.
On the chart it looks like the price and the blue line make exactly the same move. If today s close previous close. Activity how to trade with smart money.
They usually move the price at very low volume. That s the biggest move i ve ever seen on anything rodman says. The bottom line during times of market volatility and increasing levels of uncertainty one option for finding suitable investment candidates could be follow the smart money.
If you would to use this indicator on the es you should have intraday data 60min in your account. Nothing wrong with that but we also need to keep a tracking journal of future trades. It is a running aggregate of volume as shown.
Volume is the first step but not the only step. It s an extreme example of smart money outsmarting the books what is smart money. Choose the on balance volume chart overlay indicator.
Range of the price bar the close the point where the price closes on the current bar the volume i e. How to spot smart money sm. The indicator tells us that smart money knows best and leads the market.