🎉Another Must-Have Technical Indicator! MCDX 3-Color Bricks (👀visualizing PCD's Trend!)

Hey Mooers! 🐰🐣 How was your Easter weekend? 🌷🐰 The markets are back in action and it's time to put your trading skills to the test!

before we dive into the new indicator, let's talk about the Market Position Overview/Position Cost Distribution (MPO/PCD) 💪💪💪. So, MPO/PCD basically assumes that all free float shares have been scooped up by investors and looks at the cost prices at which those shares were purchased 💰. It also analyzes how these different price points are distributed at a given time and how they change on a daily basis 📊. This can be super helpful in understanding what the market is up to and maybe even spotting some investment opportunities 🔍.

But！The problem with the PCD is that you cannot see the trend!! So here comes MCDX 3-Color Bricks Indicator!

🟢 Green Bricks= profitable positions; position cost < current stock price
🟡 Color Yellow Bricks=neutral positions; position cost = current stock price
🔴 Red Bricks = loss-making positions; position cost > current stock price

Based on the intensity of the colors, traders can judge the current market situation.
(The color matches the MPO/PCD color if you r using "Green Up / Red Down")

How to use MCDX indicator in Moomoo? Here is a 3 min guide for you (it would be nice if you smashed that like button now 🥰🥰🥰)

🔸 Step 1: Open Moo on PC and choose a stock (here I take Nvidia as an example）
🔸 Step 2: Enter the lower right corner of the stock page-Indicator Management
🔸 Step 3: Go to the metrics management page and directly reference the picture to add an MCDX indicator
🔸 Step 4: Commet below, let me konw weather this indicator works or not. If you have any other indicaoters wanna share with me, you r also welcomed🥰🥰🥰.

Code（just copy and paste😎, easy~~~😎😎😎）(‼️note: before copying the code, u need to close your auto translate, if u r using it)

MM_BASE:=50;
MM_PERIOD:=50;
MM_SENS:=1.5;

HOT_BASE:=30;
HOT_PERIOD:=40;
HOT_SENS:=0.7;

LC:=REF(CLOSE,1);
TEMP1:=MAX(CLOSE-LC,0);
TEMP2:=ABS(CLOSE-LC);
RSI1:=SMA(TEMP1,MM_PERIOD,1)/SMA(TEMP2,MM_PERIOD,1)*100;
RSI_B:=MM_SENS*(RSI1-MM_BASE);
MM_RSI:=IF(RSI_B>20,20, IF(RSI_B<0,0,RSI_B));

RSI2:=SMA(TEMP1,HOT_PERIOD,1)/SMA(TEMP2,HOT_PERIOD,1)*100;
RSI_M:=HOT_SENS*(RSI2-HOT_BASE);
HOT_RSI:=IF(RSI_M>20,20,IF(RSI_M<0,0,RSI_M));

STICKLINE(1,0,20,1,0),COLORRED;
STICKLINE(1,0,HOT_RSI,1,0),COLORD8C200;
STICKLINE(1,0,MM_RSI,1,0),COLORGREEN;

That's all for today. By the way, I am updating my MJ indicator😎😎😎, so if u r interested, please remeber to folow~  #StayTuned❤️ ~~

Remember to ❤️ & 💬 + follow 🔔, gonna share more in the future~

Peace out, y'all!

🚀🚀🚀🚀🚀🚀

Disclaimer: This article is for informational purposes only and is not intended to provide any investment advice or recommendation. Remember, investing comes with risks, so be cautious when entering the market.