Institutional Smart Money Volume

Institutional Smart Money Volume (Inverse VWAP)
This custom Pine Script indicator helps identify institutional trading activity through Volume and the VWAP (Volume Weighted Average Price). It uses Volume Multiplier and Relative Volume (RVOL) to detect high-volume institutional trades and integrates VWAP analysis to generate long and short entry signals.

Key Features:
Volume Multiplier: Signals appear when the volume is significantly higher than the average, indicating institutional participation.

VWAP Analysis:

Long Signals: Triggered when price is above the VWAP, indicating bullish market conditions.

Short Signals: Triggered when price is below the VWAP, signaling potential short opportunities.

Volume Bar Coloring:

Soft Green Bars for bullish conditions (price above open).

Soft Red Bars for bearish conditions (price below open).

Entry Signals:

Yellow Circle for long (buy) signals when price is above VWAP.

Red Circle for short (sell) signals when price is below VWAP.

How to Use:
Look for yellow circles above the bars for potential long entries when the price is above the VWAP and there is strong volume.

Watch for red circles below the bars for potential short entries when the price is below the VWAP and there is strong volume.

Use the color-coded soft green and soft red bars to gauge market sentiment and price direction.

Perfect for:
Day traders who focus on high-volume trades and institutional activity.

Traders who utilize VWAP and volume-based strategies to find optimal entry points.

Traders seeking to track institutional smart money flows in real-time.

Disclaimer: This indicator is designed for educational purposes and should be used in conjunction with other technical analysis tools. Always manage risk when trading.