Koncorde Big Players + DarkPool Index

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This code is an indicator composed by 2 pieces of code that have been combined.

  1. Big players by Konkorde that are buying (https://www.blai5.net/blai5-koncorde-la-importancia-del-volumen/)
  2. DarkPool Index when it’s over 35% (https://squeezemetrics.com/monitor/download/pdf/short_is_long.pdf?)

The individual goal of these indicators is to point to big player buying. So what if we combine the 2 indicators?

The code

study(title="Koncorde Big Players + DarkPool Index", shorttitle="P3-Koncorde-Big-Players+DPI", overlay=true)
// Konkorde by Blay5 https://www.blai5.net/

//We set the total Price as starting point
totalprice=ohlc4
//MONEY FLOW INDEX Y SU XMF

MoneyFlowIndex(periodo) =>

    valor = hlc3
    pos = sum(volume * (change(valor) < 0 ? 0 : valor), periodo)
    neg = sum(volume * (change(valor) >= 0 ? 0 : valor), periodo)
    rsi(pos, neg)
   
xmf = MoneyFlowIndex(14)

//ESTOCÁSTICO SUAVIZADO

esto(variable, periodo, suavizado ) =>
    ll = lowest(low, periodo)
    hh = highest(high, periodo)
    k = 100 * (variable - ll) / (hh - ll)
    sma(k, suavizado)

stoc = esto(totalprice, 21, 3)

VarPrecio = (close - close [1])/close[1]
VN = (volume < volume[1] ? VarPrecio : 0)
nvi = cum(VN)
nvim = ema(nvi, 15)
nvimax = highest(nvim, 90)
nvimin = lowest(nvim, 90)
azul = (nvi - nvim) * 100/ (nvimax - nvimin)

////////////////////////////////////
//   Dark Pool Index (DPI)
////////////////////////////////////
//pull, calculate, and smooth individual stock DPI for the selected symbol
//pull the NASDAQ and NYSE Short Volumes from Quandl FINRA.
NASDAQSHORT = security("QUANDL:FINRA/FNSQ_" + ticker + "|0", "D", close)
NYSESHORT = security("QUANDL:FINRA/FNYX_" + ticker + "|0", "D", close)
//combining the NASDAQ and NYSE Short Volumes from Quandl FINRA.
TOTALSHORT = NYSESHORT + NASDAQSHORT

//pulling the NASDAQ and NYSE Total Volumes from Quandl FINRA.
NASDAQTOTALV = security("QUANDL:FINRA/FNSQ_" + ticker + "|2", "D", close)
NYSETOTALV = security("QUANDL:FINRA/FNYX_" + ticker + "|2", "D", close)
//combining the NASDAQ and NYSE Total Volumes from Quandl FINRA.
TOTALV = NASDAQTOTALV + NYSETOTALV

//Individual DPI calculation
DPI = TOTALSHORT / TOTALV
arrowDPI = (DPI>0.35 and azul>0)  ? azul*-1 : na

//plot(azul, color=#00FFFF, style=area, title="azul")
//plot(azul, color=#000066, style=line, linewidth=1, title="lazul")

//plot(DPI, title="Individual Stock DPI", color=blue, linewidth = 2, style=line)
//plot(DPIarrow, title="DPI arrow", color=orange, linewidth = 1, style=line)
plotarrow(arrowDPI, colordown=black)

An example

Coca Cola, represented with the indicator

Note that the length of the arrow is linked to the konkorde big players volume: the longer the arrow is, the strong than Konkorde is pointing to the buy signal.

Right now I’m using it in test mode (that’s the reason you see a “P3” in the beginning of the name).

As usual, any feedback is welcome

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