Crypto4light Money Power

The indicator has Red (overbought zone) and Green (oversold) edges by default.
This indicator, analysing the data, will show the inflow and outflow of money on different timeframes from big investors. The higher timeframe, the more clearly you can see the investment trend in the asset. Added RSI and MACD divergencies.

When the asset reaches one of the zones, it can serve as a good signal to close a part of the position or to start a gradual acquisition of the position according to your trading timeframe.

An almost ideal signal for deciding whether to enter or exit a position would be a divergence on the price chart and the curve on the Money Power indicator. If you are in a long position, for example, and you see that the price on the chart continues to rise, but in the overbought zone, the lines of the Money Power indicator show lower highs, this is a signal that a large player has almost completely sold out his position on this timeframe.

Of course, the price may continue to grow for some time depending on the timeframe, but such indicators usually indicate the outflow of money from large investors and small players will not be able to keep the asset from falling for a long time. Everything is the same but in a different direction in the oversold zone. When a big player gradually gains a position and we see that the money flow curve goes up, and the price on the chart and candles show lower minimums. This will be a great signal to enter a position. You can enter or close a position by analyzing older timeframes W, 3D 1D depending on your trading style.

In new version you also can find a new signals (explanation with default colors, but you can modify it to your tradingview theme)

Yellow block - Whales sell or close % of position
Yellow block with arrow down - Whales strong sell
Blue block - Whales buy
Blue block with arrow up - Whales strong buy
Triangle down - Bearish RSI divergency
Triangle Up - Bullish RSI divergency
Red Circle - Bearish MACD divergency
Green Circle - Bullish MACD divergency

You can add alerts for each position

https://www.tradingview.com/x/2EubdS8i