SMC Advanced Indicator v2.2

vor 4 Tagen

This TradingView indicator is a feature-rich, multi-dimensional tool designed for professional traders and enthusiasts who want to master Smart Money Concepts (SMC), ICT (Inner Circle Trader) principles, and advanced price action strategies. This indicator brings together powerful tools that simplify market analysis and help traders make precise, informed decisions.

By combining state-of-the-art tools and methodologies with our proprietary enhancements, this script provides a seamless trading experience, integrating market structure, liquidity dynamics, and price action insights into one powerful tool.

Key features

1. Smart Money Concepts (SMC) Features

1. Market Structure Analysis

Break of Structure (BOS):
The indicator automatically detects when price breaks critical structural levels, signaling trend continuation. For example:

In an uptrend, it identifies higher highs (HH) that indicate bullish momentum.

In a downtrend, it highlights lower lows (LL) that signify bearish continuation.
Utility: Helps traders confirm trends and enter trades with confidence during trend continuation phases.


Change of Character (CHOCH):
Detects shifts in market direction by identifying breaks in the previous high/low and invalidating the current structure.
Utility: Offers early signals for potential reversals, allowing traders to prepare for new trends and adjust strategies accordingly.

Inducement (IDM):
Pinpoints areas where retail traders are likely trapped before major moves occur. Examples include stop hunts or liquidity sweeps.
Utility: Protects traders from entering the market prematurely by providing insights into institutional strategies.



2. Order Blocks

Differentiates between breaker blocks, mitigation blocks, and single-candle order blocks.

Breaker Blocks: Areas where price retraces before continuing a trend.

Mitigation Blocks: Institutional zones where unfilled orders may still exist.

Single-Candle Order Blocks: High-probability zones based on a single price action candle.
Utility: Identifies institutional footprints to predict price reversals and continuations.




3. Demand and Supply Zones

Automatically maps demand and supply areas where price shows strong reactions.
Utility: Assists traders in spotting key entry and exit zones, providing clear levels to manage trades.



4. Liquidity Analysis

Tracks buy-side and sell-side liquidity to identify zones where stops or entries are likely clustered.

Detects liquidity pools and their potential targets, such as equal highs and lows.
Utility: Helps traders avoid liquidity traps and align strategies with institutional intentions.



5. Fair Value Gaps (FVG)

Highlights gaps between candlesticks that indicate inefficiencies in price action.
Utility: Provides traders with clear targets for retracements or reversals.



6. Candlestick Patterns

Recognizes inside bars, outside bars, and other key candlestick formations.
Utility: Validates market moves and adds confidence to trading setups.



7. Pullback Analysis

Differentiates between minor pullbacks (within trend) and major pullbacks (potential reversals).
Utility: Helps traders determine whether to hold positions or exit.



8. High-Low Markers

Marks significant levels such as:

SMC Highs and Lows

PDH (Previous Day High) and PDL (Previous Day Low)

Equilibrium Levels (midpoints of price ranges)
Utility: Provides a roadmap for analyzing market structure.




9. Symbolic Sweep Lines

Uses symbols (e.g., "X") to denote areas where price sweeps highs or lows, representing stop-hunts.
Utility: Alerts traders to potential reversals after liquidity grabs.





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2. ICT (Inner Circle Trader) Features

1. Fractal Market Structure

Analyzes micro-market structures within larger trends, highlighting detailed movements on lower timeframes.
Utility: Allows for precision entries and exits, especially for scalpers.



2. True ICT Order Blocks

Identifies ICT-defined order blocks that meet strict criteria for reliability.
Utility: Ensures accuracy in marking institutional zones.



3. True Fair Value Gaps (FVGs)

Detects gaps aligned with ICT methodology to signify unbalanced price zones.
Utility: Provides reliable levels for retracements or continuation trades.



4. Liquidity Zones

Highlights buy-side and sell-side liquidity, as well as equal highs and lows often targeted by institutional players.
Utility: Enables traders to predict market moves and avoid liquidity traps.



5. Session-Based Liquidity Levels

Maps liquidity during key sessions:

London Session

New York Session

Tokyo Session
Utility: Helps traders align strategies with session-based market activity.




6. Timeframe-Specific Liquidity Levels

Identifies liquidity levels on critical timeframes:

4-Hour, Daily, Weekly, Monthly, and Monday-specific highs and lows
Utility: Enables multi-timeframe analysis for broader market context.




7. Multi-Timeframe Order Blocks

Displays order blocks across different timeframes simultaneously.
Utility: Offers a complete institutional perspective, ensuring no key zones are missed.





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3. Price Action Features

1. High-Probability Trade Lines

Identifies optimal levels for entering or exiting trades based on historical price data.
Utility: Helps traders maximize profitability.



2. Support and Resistance Zones

Plots strong support and resistance areas that price is likely to respect.
Utility: Facilitates breakout and retest strategies.



3. Breakout and Retest Detection

Detects and marks breakouts, as well as retests of trendlines and support/resistance levels.
Utility: Provides actionable signals for trend-following strategies.



4. Liquidity Sweeps

Highlights zones where liquidity is collected before price reverses.
Utility: Protects traders from entering during false moves.



5. ATR Range Analysis

Calculates the Average True Range (ATR) to gauge market volatility.
Utility: Assists in setting realistic stop-loss levels and profit targets.





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Why the Combination Matters

Synergy of Tools
Combining these methodologies creates a powerful framework for decision-making. For instance:

SMC + ICT: Order blocks (SMC) and liquidity sweeps (ICT) together help traders identify key reversal zones with greater accuracy.

SMC + Price Action: Marking breakouts and retests on order block levels validates trades with price confirmation.

ICT + Price Action: Time-based liquidity zones (ICT) combined with price action sweep setups can refine entry timing.


Holistic Market View
The blend of these concepts provides:

Strategic Planning: Traders can map the macro market structure while trading the micro.

Risk Mitigation: By understanding liquidity and manipulation, traders avoid common traps like fake breakouts.

Scalability: Multi-timeframe tools make it easier for both scalpers and swing traders to adapt strategies.



Benefits for Traders

1. Improved Accuracy: Combines institutional knowledge (SMC/ICT) with real-time action (Price Action).

2. Consistency: A structured approach ensures repeatable results.

3. Flexibility: Applicable across timeframes and market types (Forex, stocks, crypto).

4. Edge in the Market: Provides tools to think and trade like institutional players.


In summary, this combination of features creates an all-encompassing system that empowers traders to analyze, execute, and manage trades with confidence and precision. It bridges the gap between retail trading limitations and institutional strategies, giving traders a competitive edge in the financial markets."
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Innovative Enhancements and Proprietary Features

This indicator combines the best elements of SMC, ICT, and price action techniques while introducing several proprietary features, including:

1. Custom Alerts: Configurable alerts for BOS, CHOCH, IDM, liquidity sweeps, and more.


2. Advanced Visualization: Simplified chart interface for clutter-free analysis.


3. Multi-Timeframe Compatibility: Seamlessly integrates insights across multiple timeframes and trading sessions.


4. Highly Customizable: Adjustable settings to cater to different trading styles and strategies.




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Open-Source Compliance

This indicator leverages the open-source work of Alba Therium, whose contributions have been significantly enhanced to create an original tool that offers unmatched value. The reused code represents only a minimal portion of the script and has been improved to meet TradingView’s originality and usefulness standards. Alba Therium has been credited here and in the code comments.


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Why This Indicator Stands Out

1. Comprehensive: Combines multiple trading methodologies in a single tool.


2. Accurate: Reduces false signals with proprietary enhancements.


3. Practical: Saves time by automating complex analyses.


4. Versatile: Suitable for all trading styles, from scalping to swing trading.

Why It’s Worth Paying For

This indicator provides substantial value to traders by offering:

Comprehensive Market Analysis: Combines SMC, ICT, and price action tools into a single, all-in-one solution.

Enhanced Accuracy: Proprietary logic reduces noise and false signals.

Customizability: Tailored settings allow traders to adapt the indicator to their trading strategies.

Unique Features: Includes session-based liquidity zones, true ICT order blocks, and automated pattern recognition, which are rarely available in free tools.


This script is an indispensable asset for traders seeking precision, efficiency, and a deeper understanding of market dynamics.


This indicator isn’t just a tool; it’s a complete trading solution designed to empower traders at all skill levels.