SPY - VPIN [VWAP] - 195min/Daily

Volume Synchronized Probability of INformed Trading (VPIN) modified with VWAP and extended to be applicable to higher timeframes (195min/daily).

The buy/sell signal theoretically based on the informed decisions of smart money. For individual stocks, there is too much noise as a large fund liquidating can create false signals on the longer timeframe.

Recommend to use on SPY to follow the movement of macro-based institutional funds. A sell signal here could mean, and this "could" is doing a lot of heavy lifting, a consensus among big players of impending systematic risk, and vice versa for buy signal. Institutions could be selling for whatever reason, and they usually sell over large periods. Also remember that this doesn't include dark pool data so it is half-baked.

Signal basically showing when smart money smarts to buy during crash, or starts to sell during melt-up phase.

This is not a complete buy/sell signal, it ONLY tries to show signals from the movement of large players so no red signal does not mean there isn't systematic risk and no green signal does not mean there is systematic risk. Combine this with other indicators.

***Remember that institutions also could be retarded, and their "informed" decision might just be them acting like a retard***

Best used on SPY on 195min timeframe. Use this signal on SPY on 195min timeframe to buy/sell high beta stocks indirectly.