Smart Money Concepts Probability (Expo)█ Overview
The Smart Money Concept Probability (Expo) is an indicator developed to track the actions of institutional investors, commonly known as "smart money." This tool calculates the likelihood of smart money being actively engaged in buying or selling within the market, referred to as the "smart money order flow."
The indicator measures the probability of three key events: Change of Character ( CHoCH ), Shift in Market Structure ( SMS ), and Break of Structure ( BMS ). These probabilities are displayed as percentages alongside their respective levels, providing a straightforward and immediate understanding of the likelihood of smart money order flow.
Finally, the backtested results are shown in a table, which gives traders an understanding of the historical performance of the current order flow direction.
█ Calculations
The algorithm individually computes the likelihood of the events ( CHoCH , SMS , and BMS ). A positive score is assigned for events where the price successfully breaks through the level with the highest probability, and a negative score when the price fails to do so. By doing so, the algorithm determines the probability of each event occurring and calculates the total profitability derived from all the events.
█ Example
In this case, we have an 85% probability that the price will break above the upper range and make a new Break Of Structure and only a 16.36% probability that the price will break below the lower range and make a Change Of Character.
█ Settings
The Structure Period sets the pivot period to use when calculating the market structure.
The Structure Response sets how responsive the market structure should be. A low value returns a more responsive structure. A high value returns a less responsive structure.
█ How to use
This indicator is a perfect tool for anyone that wants to understand the probability of a Change of Character ( CHoCH ), Shift in Market Structure ( SMS ), and Break of Structure ( BMS )
The insights provided by this tool help traders gain an understanding of the smart money order flow direction, which can be used to determine the market trend.
█ Any Alert function call
An alert is sent when the price breaks the upper or lower range, and you can select what should be included in the alert. You can enable the following options:
Ticker ID
Timeframe
Probability percentage
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Smcconcepts
Order Blocks GenieThe purpose of this Genie Algorithm Indicator is to identify Zones of institutional interest , including Order Blocks , while marking the Full Range Zones as well, with powerful smart tracking algorithm to mark and remove the appropriate levels to take for entries.
Order Blocks can be observed at the beginning of a strong, aggressive move, leaving behind a zone to be revisited later for "balance" the market. Therefore, these are interesting levels to place Limit/Market orders (Sell the Peaks or Buy the Valleys).
A Bullish Order Block is the last Bearish candle of a downtrend before a sequence of Bullish candles (thus forming a "Valley"). While a Bearish Order Block is the last Bullish candle of an uptrend before a sequence of Bearish candles (thus forming a "Peak").
Prices of the levels could be printed on the Price Scale, as well as many detailed configurations of what activates these Peak/Valleys (Zones) such as a Breakout, Close, Hard Close or Full Close. See the Tooltips in the Settings for all details of each option.
The strategy is to take the Untested Levels as long as the chart is maintaining the trend (ladder), preferably going with the trend for a higher win rate (or against it for a quick scalp). Be mindful of the breaking of a ladder or building of a new one. A ladder breaks with a hard close of a candle across the closest two levels; a ladder builds by not breaking back down across the levels it has tested. Strong ladders will have a few untested levels and come back to wick them but still retain the structure of the laddering direction (trending with Lower Lows + Lower High or Higher Lows + Higher Highs).
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Definitions:
1st Zone: The zone between the start of the initial candle of the Full Range (backside edge) to the 50% of Full Range Line (Average, aka. Equilibrium).
2nd Zone: The zone between 50% of Full Range Line (Average, aka. Equilibrium) to the 50% of Order Block (final candle left behind in the range before the aggressive move out).
Full Zone: 1st + 2nd Zones together.
Line: placed first at 50% of Full Range, and in specific cases gets moved to the 50% of Order Block.
Rules (in order):
- Wick Line: Mark Line Tested (light color)
- Close Beyond the Zone: Invalidate Full Zone (Remove Full Zone + Remove Line)
- Hard Close anywhere inside the Zone: Invalidate Full Zone (Remove Full Zone + Remove Line)
- Close inside 2nd Zone: Invalidate Full Zone (Remove Full Zone + Remove Line)
- Close inside 1st Zone: Shrink 1st Zone + Keep 2nd Zone + Move Line to 50% of Order Block
- Wick inside (or beyond) 2nd Zone before shrinking: Shrink 1st Zone + Keep 2nd Zone + Move Line to 50% of Order Block
Trade Entry Check list - Smart Money ConceptThe indicator you see is written to evaluate the input parameters for a trade. Since my own style is smart money, and I always used to write on paper or mentally calculate the necessary inputs for a trade, I wrote this indicator to prevent mental or paper calculations.
This indicator is made up of different sections that you can see in the table and make the necessary changes in the Options section.
The first section is your instrument, which is automatically displayed on every chart.
The next section is the current market, which is written based on smart money and divided into Asia Time, Frankfurt Time, London Time, Lunch Time, and New York Time sections. Depending on our style, we usually do not trade during the Frankfurt Time and Lunch Time sections.
The next section is about the ascending or descending structure of the 4-hour and 15-minute timeframes, which of course, you can change this structure to your desired one.
These two sections have both manual and automatic modes. I went through a lot of trouble for the automatic section, so don't easily skip it and be sure to test it.
The following sections relate to other reasons for entering a trade, which are divided into several sections. The first section is the entry reasons related to my personal strategy, which is completely defined and shows the input calculation in the Calculation section. The second section is your inputs without calculation in the Counter section, and the third section is your personal inputs including the Counter. You have deep access to customizing this table.
Candle Wick Patterns Alerts & Liquidity TargetsCandle wicks provide incredibly useful confluence and confirmation of price action and technical analysis.
Quite simply a wick is formed by price being moved to an extreme by one side, then price being pushed back by the other side.
This can show increased pressure by one side, reduced or increased momentum, or exhaustion by another side.
This indicator while simple, is extremely powerful and versatile and can be set up to recognize numerous types of candle wick and therefore suit numerous trading styles.
The settings as to how wicks are highlighted are:
- Timeframe - view wicks on a higher timeframe while trading on a lower timeframe
- Minimum Wick to Body Ratio - increasing this value will look for wicks who are at least n times larger than the candle body. The most obvious examples here are Doji's - hammer, gravestone, dragonfly, etc. These can indicate trend reversals, indecision and changing momentum.
- Minimum Candle Body as percent of price - this value makes sure that any wick highlighted, belongs to a candle with a body that is at least n% of the price. A higher value is likely to show price momentum is stronger in a particular direction, good for confirming a trend.
- Minimum Candle Wick as percent of price - similar to candle bodies, this value will make sure the candle wick is at least n% of the price. This will identify large fluctuations in price, and if you are familiar with smart money concepts, an increasingly popular strategy is to target 50% of the wick being filled (liquidity).
- Show half fill level of wick - As above, this can provide a good target, which price will be drawn to, depending on the wick.
Finally, the indicator can be used to create alerts when a new wick that meets your settings criteria, is formed.
And don't forget you can add the indicator multiple times, with different settings to cover multiple scenarios and timeframes!
SMC RulesThis script allowes you to have a plan always shown on the chart.
You know how it is, sometimes you miss things and if you dont see your plan then you miss maybe an important part... so for this i wrote that simple script here.
So far it has 5 Sections you can edit in the settings to your liking.
On top you can also edit the swing structure you are seeing, so you dont have to always swap timeframes.
Also implemented are the Session times for Frankfurt, London, New York and Asia.
Its not enabled on default, but i find it quiet handy to have..
(including alerts)
I will update it from time to time, if you wish for something just let me know.
Institutional FVG & Liquidity Range Candle (Expo)█ Institutional FVG with predicted SR levels & Liquidity Range Candle is an indicator that uses Smart Money Concepts to give you the insights needed to make informed decisions based on the theory in SMC. This premium toolkit work in any market and timeframe.
█ Institutional Fair Value Gap , also known as imbalance, inefficiencies, and Liquidity void, identifies the most significant FVG within the lookback period. This is often referred to as Institutional Fair Value Gap since only big players can cause these liquidity voids.
Fair Value Gap, Liquidity voids are sudden price changes without enough liquidity at a stable price, and the price jumps from the originating price level to the final price level, creating an imbalance in price.
The price tends to fill or retest the FVG area, and traders understand at which price level institutional players have been active. FVG is a valuable concept in trading, as they provide insights about where many orders were injected, creating this inefficiency in the market. The price tends to restore the balance.
This indicator highlights the most significant Fair Value Gap on the chart and plots predicted future support and resistance levels based on the price action created at the FVG. A super simple and yet effective way to get solid market levels that acts as a magnet for the price.
█ Liquidity Range Candle is another trading concept used by large market players where they manipulate the price to stay inside a specific market area, creating a tight consolidation zone. Once the price breaks the liquidity range, liquidity flows into the market. It's an easy way to grab liquidity from retail traders. Stop losses are triggers, breakout traders jump into the market, and institutional traders absorb the liquidity.
If you don't see the liquidity, you become the liquidity!
A break of a liquidity range is a sign of a breakout, potential continuation, retracement, or reversal. Use it together with an overall market analysis. It's common that traders also mark the previous 1-3 liquidity ranges and plot them into the future. These zones can act as a future magnet for the price, and we can get a retest of the zones, or if we break above/below a previous range can be a sign of a trend change. We also know that these liquidity ranges have been important levels for institutional players, who may be willing to accumulate or distribute more orders at these levels.
█ HOW TO USE
Use the indicator to identify several important and commonly used trading concepts taught within the SMC.
Find Significant FVG
Find Significant liquidity ranges
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Disclaimer
Copyright by Zeiierman.
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Sonarlab - Smart Money ConceptsSupply and Demand is one of the core strategies used in trading. It focuses on the ancient laws of supply and demand and how price moves in a free-flowing market. Supply and demand zones are a popular analysis technique used in all kinds of trading styles. The zones are the periods of sideways price action that come before explosive price moves, and are typically marked out using a box. We wanted to make these squares drawn automatically for you - so it will save you time spotting the zones.
Green Box
The green box defines demand - in these areas you will look for long opportunities. You can also use these zones for take profit levels when you are in a sell trade.
Blue Box
The blue box defines supply - in these areas you will look for short opportunities. You can also use these zones for take profit levels when you are in a buy trade.
Break of structure
For markets to move up and down a break in market structure must occur. A break in market structure occurs when the market begins to shift direction and break the previous HH and HL or HL and LL of the market. We also integrated the feature that you can see the BOS lines. In the indicator settings you can adjust the values:
1) Sensitivity
2) Min. candles in structure
3) BOS type: close or wick
Warning Never blindly take a position on each box - wait for a proper signal to occur before considering a position.
