Pipstocrat Market Participant Analysis

Pipstocrat Market Participant Analysis (PMPA) , analyzes the behavior of different types of traders in the market: Hot Money (short-term traders), Smart Money (institutional or professional traders), and Retail Traders . It uses RSI-based calculations to measure their activity and displays the results as colored bars on a chart.

Customizable Colors: Users can change the colors for each type of trader and other visual elements like reference lines.

Reference Lines: Horizontal lines at levels 5 (Support), 10 (Neutral), and 15 (Resistance) help interpret the data.

Focus on RSI: The script simplifies analysis by focusing solely on RSI-based signals.

This tool helps traders quickly identify trends and sentiment in the market, making it easier to spot potential opportunities.