Ultimate SMC [smart-money-indicators]

4 thg 11, 2024

This indicator is a tool to support the "SMC" strategy.

This indicator does not provide entry or exit signals.
This indicator is a tool to mark key price areas.
This indicator is a tool to mark key time areas.
This indicator is particularly distinguished by its high customizability of tools,
setting it apart from the indicators currently available on the TradingView platform.

Moreover, unlike other "SMC indicators," this one does NOT use pivot points to identify Change of Character (ChoCh) or Break of Structure (BoS).

The following key areas are marked with lines or boxes:

Structure Breaks:
- Bearish Change of Character
- Bearish Break of Structure
- Bullish Change of Character
- Bullish Break of Structure

Premium/Discount Zone:
- Premium/Discount area of the current range, since the last ChoCh or BoS

Potential Buy/Sell Zones (including historical or mitigated):
- Bullish orderblocks
- Bearish orderblocks

Momentum Indicators:
- Bullish Fair Value Gaps
- Bearish Fair Value Gaps


How can I use or interpret these areas?

Structure Breaks:
- If the indicator shows bullish structure breaks in the form of ChoCh or BoS, it indicates a bullish trend.
- If the indicator shows bearish structure breaks in the form of ChoCh or BoS, it indicates a bearish trend.

Premium/Discount Zone:
- If the price is in the premium zone, it indicates that the current price is "expensive," and you should look for sell signals.
- If the price is in the discount zone, it indicates that the current price is "cheap," and you should look for buy signals.

Order Blocks:
- Bearish order blocks indicate strong selling pressure in that area, and you can look for sell signals.
- Bullish order blocks indicate strong buying pressure in that area, and you can look for buy signals.

Momentum Indicators:
- Bullish Fair Value Gaps that form after the creation of an order block may indicate strong buying pressure and confirm a bullish trend.
- Bearish Fair Value Gaps that form after the creation of an order block may indicate strong selling pressure and confirm a bearish trend.

6 thg 12, 2024

Phát hành các Ghi chú

Changed default color of current high/low, bos and choch lines