OPEN-SOURCE SCRIPT

Smart Money Concepts (SMC) Indicator for Altcoin Scalping

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quent movement. It implements filtering mechanisms to display only relevant order blocks and differentiates between premium and discount zones.
2. Multi-timeframe Analysis
Order blocks are detected across three timeframes (1-minute, 5-minute, and 15-minute), with visual differentiation between zones from different timeframes. The indicator includes a confluence detector that identifies when zones from multiple timeframes overlap, highlighting these high-probability areas.
3. Liquidity Analysis
The indicator detects areas of high liquidation activity, identifies stop hunts and liquidity sweeps, and monitors the formation of fresh order blocks that indicate smart money activity.
4. Entry, Stop-Loss, and Take-Profit Signals
Clear entry signals are generated when price approaches validated order blocks, with adaptive stop-loss placement based on market volatility and zone strength. Take-profit targets are calculated using risk-to-reward multipliers, and the risk-to-reward ratio is displayed for each potential trade.
5. Volume Profile Integration
Volume analysis is integrated to confirm order block validity, with anomalous volume spikes highlighted and a volume-weighted effectiveness score assigned to each zone.
6. Technical Indicator Integration
The indicator incorporates customizable momentum oscillators (RSI and MACD) to confirm zone strength, with divergence detection to enhance entry accuracy.
7. Performance Metrics
Historical performance tracking is included, calculating win rate, average risk-to-reward ratio, and expectancy for generated signals, with a performance index score for each trading opportunity.
8. Alert System
Comprehensive alerts are implemented for approaches to order blocks, entries, take-profits, and stop-losses, with priority alerts based on zone strength and multi-timeframe confluence.
9. Visual Design
The indicator uses distinct color schemes for bearish and bullish order blocks, with transparency options to maintain chart clarity. Features can be toggled on/off for customization, and clear visual indicators are provided for entry, stop-loss, and take-profit levels.
10. Automatic Detection and Optimization
The indicator provides fully automated identification of all zones and signals, with adaptive parameters that adjust to different market conditions and optimization capabilities based on recent market behavior.
Implementation Details
The code is thoroughly documented with clear sections for:

User configuration parameters (fully customizable)
Data structure definitions for order blocks, entry signals, and liquidity zones
Core detection algorithms for order blocks and liquidity zones
Multi-timeframe analysis with higher timeframe data integration
Entry signal generation with adaptive risk management
Performance tracking and metrics calculation
Visual elements for clear chart representation

Using the Indicator
To use this indicator:
Compile and add to your chart
Adjust the settings via the indicator parameters panel to optimize for your trading style
Focus on trading from the order blocks with highest strength and multi-timeframe confluence

The indicator is specifically optimized for 1-minute timeframe altcoin cryptocurrency scalping but incorporates data from higher timeframes to identify high-probability trading opportunities.

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