GURIOA Stephane Smart Money Concepts[1.0.0]

vor 13 Stunden

Description of the Smart Money Concept Indicator + EMA/VWAP with SL/TP

1. General Principle: Smart Money Concept (SMC)
The SMC indicator is based on analyzing the cash flows of large financial institutions (“smart money”), identifying the areas where they accumulate or distribute their positions.

The main elements used are:

Order Blocks (OB): consolidation or reversal zones indicating areas of interest for these institutions.

Liquidity Zones: levels where individual traders' stop-loss orders are likely to be placed.

Break of Structure (BoS): a signal that the market is changing trend or confirming a move initiated by institutions.

The indicator analyzes these zones to generate entry and exit signals that are more reliable than simple, traditional indicators.

2. Integration of EMAs and VWAP
To refine SMC entries, the indicator includes:

20-period EMA: follows the short-term trend.

50-period EMA: follows the medium-term trend.

VWAP (Volume Weighted Average Price): Displays the volume-weighted average price, serving as a benchmark for the true market value.

Confirmation Rules:

Bull SMC signal validated if: Price > 20-day EMA and 20-day EMA > 50-day EMA and price > VWAP

Bear SMC signal validated if: Price < 20-day EMA and 20-day EMA < 50-day EMA and price < VWAP

These filters allow you to trade only in the direction of the main trend, according to the institutions.

3. Automatic Trade Management (SL/TP)
The indicator automatically calculates:

Stop Loss (SL): Generally placed below/above the key Order Block or the last swing structure.

Take Profit (TP): Based on a predefined ratio (e.g., 1:2 or 1:3), or on the next liquidity zone.

Advanced Features:

Visual display of SL/TP levels on the chart.

Alerts when the price reaches the Stop Loss (SL) or Take Profit (TP).

Option to configure a dynamic Stop Loss (SL) that follows the 20/50 EMA or VWAP to maximize profit.

4. Practical Uses

Identifies points where major market participants are active.

Combines traditional trends (EMA/VWAP) with the SMC for safer entries.

Facilitates risk management with predefined Stop Loss (SL) and Take Profit (TP) levels.

vor 13 Stunden

Versionshinweise

Add market openings to the OOh open

🟣Gaps

1. New Week Opening Gap (NWG): The NWG is the price difference between Friday's closing price and Sunday's opening price. This gap is particularly important for traders following weekly trends. Depending on its direction, the NWG often serves as a key support or resistance level.

2. New Day Opening Gap (NDG): The NWG indicates the price difference between the previous day's closing price and the current day's opening price. Like the NWG, the NWG is a crucial reference point for intraday traders.

Prices typically react to these levels, either reversing or continuing their upward movement beyond the gap after retesting. NWGs are essential for identifying short-term support and resistance levels, helping traders make informed decisions based on daily price movements.