NOTE: CLICK ON CHARTS FOR FULL SIZE IMAGE

THE SMART MONEY INDICATOR HAS 2 MAIN FUNCTIONS…
1. IDENTIFICATION OF THE MAJOR PLAYERS IN AN INDIVIDUAL PRICE CANDLE
2. IDENTIFICATION OF REVERSAL BAR SIGNALS
THIS PAGE IS DEDICATED TO THE APPLICATION OF FUNCTION #1. FUNCTION # 2 WILL BE EXPLAINED IN AN UPCOMING EXPLANATION. FOR NOW, DON’T FIDDLE WITH THE INPUTS BECAUSE YOU RISK FREEZING UP YOUR METATRADER PLATFORM BECAUSE THERE WILL BE TOO MANY REVERSAL BAR SIGNALS TO PROCESS.
I’VE PROVIDED SOME TEMPLATES FOR YOU TO DOWNLOAD. USE THE TEMPLATES AND STAY WITHIN THE INSTRUCTION PARAMETERS ON THIS PAGE.
LICENSE KEY

LICENSE KEY – The first thing you want to do is copy and paste your license key into the license key box. Otherwise, the indicator will not show up on your chart.
CANDLE COLOR ACTIVATION BOX

TO ACTIVATE PAINT BAR CANDLES – LOOK TO THE BLUE BOX IN THE UPPER LEFT HAND CORNER OF THE CHART ABOVE. The letters represent the color to activate. Click the letter to activate and click again to deactivate.
SMART MONEY CANDLES

LIGHT BLUE CANDLE –A light blue candle means the participants in that price candle are predominately comprised of the smart money buyers.
DARK BLUE CANDLE – A dark blue candle means the participants in that price candle are predominately comprised of the smart money sellers
WHO IS THE SMART MONEY – The smart money players are participants that trade in sizes that are large enough to influence market direction. Banks, market makers, hedge funds, Multi-national corporations and billionaire individuals are examples of the smart money. It is assumed that the smart money knows which direction the market will move in advance and therefore take positions ahead of the herd ( retail traders ) in advance of a coming directional move.
RETAIL MONEY CANDLES

LIGHT GREEN CANDLE – A light green candle means the participants in that price candle are predominately comprised of retail buyers.
DARK GREEN CANDLE – A dark green candle means the participants in that price candle are predominately comprised of retail sellers
RETAIL TRADERS – Retail traders are small traders who’s trading size is not large enough to influence the market. This is the direct opposite of the smart money. More times than not, a market will flow against the direction of retail traders. Retail traders are known as the herd. The most profitable traders are know as contrarian traders. Contrarian traders make it a point to trade in the opposite direction of the retail trade. It has been said that contrarian traders are the most successful traders over time because markets are designed to move against the direction of the herd.
TORSION ( SPRING ) CANDLES

YELLOW CANDLE – A yellow candle means the participants in that price candle are equal between buyers and sellers, the candle closed with momentum on the side of the buyers.
ORANGE CANDLE – An orange candle means the participants in that price candle are equal between buyers and sellers, the candle closed with momentum on the side of the sellers.
TORSION CANDLE – Regardless of the direction of the candle, the closing price of a torsion candle signals equal forces between buyers and sellers in that particular price candle however, momentum is in the direction of the candle close.
BULLISH CLOSE – if the price candle closed to the upside, the best play would be in the direction of the upward momentum. Therefore, the bias would be for a buy long entry when price breaks above the high price of the Bullish Torsion Candle… When initiating trades our bias should be in the direction of momentum and trend.
BEARISH CLOSE – if the price candle closed to the downside, the best play would be in the direction of the downward momentum. Therefore, the bias would be for a short sell entry when price breaks below the low price of the Bullish Torsion Candle… When initiating trades our bias should be in the direction of momentum and trend.
LOW PARTICIPATION CANDLES

RED CANDLE – A light green candle means the participants in that price candle are predominately comprised of buyers but not enough buyers to push price upward. This means that price drifted up as a follow through of bullish momentum and the bias is that the upward move will not be sustained unless new buyers come into the market.
DARK RED CANDLE – A dark green candle means the participants in that price candle are predominately comprised of sellers but not enough sellers to push price downward. This means that price drifted down as a follow through of bearish momentum and the bias is that the downward move will not be sustained unless new sellers come into the market.
LOW PARTICIPATION CANDLES – Are most important when they occur at a support level below or a resistance level above.
SUPPORT – If a low participation candle forms at support it means that the odds are higher that price is not carrying enough downward force to break down through the support level unless new sellers come into the market..
RESISTANCE – If a low participation candle forms at resistance it means that the odds are higher that price is not carrying enough upward force to break up through the resistance level unless new buyers come into the market..