TJ Smart Money Index (May 2012)

Description

imagine the indicator was referred to as the ‘large trader indicator’ or ‘smart money indicator’. It merely plotted a line over the chart, it might even have its personal panel although.

The line graphed the exercise of merchants who traded giant quantities of contracts (sensible cash). The line elevated as ‘smart money’ merchants had been shopping for and decreased as they had been promoting. The indicator allowed the variety of contracts per commerce to be adjusted. So by making the number-of-contracts-per-trade quantity small the indicator might additionally plot the ‘dumb money’.

It could be very fascinating to see how the indicator exhibits that the ‘smart money’ merchants purchase at lows and promote at highs, and the way ‘dumb money’ buys at highs and sells at lows.

It was very efficient and informative as a result of it additionally behaved as a number one indicator. One of the few that I’ve seen.