SMM - Smart Money Indicator

2022年8月30日

Hello Traders,

SMM – Smart Money Indicator is a Smart Money Concepts indicator that is meant to make your trading a bit easier and take the guess work away. Our mission is to save your time with already marking up the chart for you (all automatic). This indicator will help you spot the point of interests a.k.a. Order Blocks, Supply and Demand zones and Fair Value Gaps. Our mission is to create the best Smart Money Concepts indicator on the market. For that we would like to receive your guy’s feedback on it.

Smart Money refers to the capital that institutional investors, central banks, and other professionals or financial institutions control. Market Structure is the foundation of price action trading, understanding price action is fundamental to SMC .

Market Structure based of fractals – We are using fractal-based market structure since it’s way stronger than for example an Eliot wave. So, we only get the clearest break of structure (BoS- Trend continuation) and Change of Character (CHoCH- Possible change of trend)

Features
- Changing the break type to either only the body or body and the wick
- Period of looking back to determine structure (combined with the supply and demand zones)

Multiple Time frame Supply and Demand – Displayed typically as the last up/down candle before a big move in the opposite direction. Great zones to entry from on the lower time frame, also you can target previous demand/supply zones as potential take profit areas.

Features
- Multiple time frame
- Changing the amount of candles to calculate the zones.
- Option to remove mitigated zones / change color
- Extending the HTF Box to current time. (If not mitigated)



Order Blocks – What we use for our lower time frame zones to enter from. It’s basically the same as supply and demand but then on a lower time frame. Most likely once prices come into your higher time frame Supply and Demand zones, we would scale down to the lower time frames and then wait for our pattern to entry.

Features
- Extending the LTF Box to current time. (If not mitigated)
- Options to remove mitigated zones / change color



Fair Value Gaps - Is also known as an imbalance. An FVG is an imbalance of orders for instance, for sellers to complete their trades, there must be buyers and vice versa so when a market receives to many of one kind of order buys or sells, and not enough of the order’s counterpart. When the amount is not balanced and to many orders are put in for one direction, it creates an imbalance where price likes to get back too. We have 2 different options that shows you all the imbalances but also one that only shows the structure breaking imbalances which we see as the most important one.

Features
- Plotting all Fair Value Gaps
- Plotting only structure breaking Fair Value Gaps

Previous Day High and Low – Will mark up the previous day high and low what could indicate that if price breaks out of the previous day high that it will most likely trend upwards. If it breaks below, it will most likely trend down for the upcoming time.

- Showing only the recent previous day high and low
- Showing all the previous high and lows
- Show nothing



Alerts – We’ve made possible that you can also choose to receive an alert on your device once price comes in to one of the supply and demand zones. (Must place the alerts function into your alert management tab on trading view) Only works if you add the alert on when you are on the same time frame as your supply and demand zones.

You can also choose to receive alerts when a supply or demand zone has been created.

2022年8月31日

版本注释

Added a limit of 30 boxes on the higher time frame supply and demand zones.

So the chart won't look that messy when zoomed out.

2022年9月12日

版本注释

Version 1.1
-----------

- Added 50% mitigation line for both Order Blocks and Supply and Demand zones. These can be enabled/disabled individually.
- Added custom mitigation colours for both Supply and Demand zones.
- Moved the time-frame mark below the 50% mitigation line (Supply and Demand zones).
- Added text on Order Blocks for clarification if it's a Buy Order Block or Sell Order Block.

2022年9月25日

版本注释

Version 1.2
-----------
Minor update.
- Option to remove the “CHoCH” and “BoS” text on the structure lines.

For our dark theme users:
- You can now change the Previous Day High and Low color.
- Text color on the orderblock and Supply/Demand zones are now synced with the border color.

2022年11月16日

版本注释

Version 1.3 -----------
Extendable FVG Update. The easiest way to see imbalances on the chart.

- Option to extend FVG Boxes.
- Options when the FVG is tapped and/or fully mitigated.
- Do Nothing
- Disappear
- Change color

2023年1月19日

版本注释

Version 1.4 -----------
Option to enable and disable the different modules. (For example to plot only Supply and Demand zones)

- Enable/Disable all modules of the following modules:
- HTF Supply & Demand
- LTF Orderblocks
- Fair Value Gaps
- Previous High and Low

2023年2月26日

版本注释

Version 1.5 -----------
Introducing our indicator update, including the latest addition of FU Candles.

- FU Candles
- Option to show FU Candles on your chart.

2023年3月12日

版本注释

Version 1.5 -----------
Filtered FU Candles.

- Option to only show FU Candles when price is touching a Supply/Demand zone.

2023年3月31日

版本注释

Version 1.6
-----------
FU Candles.
Drop-down menu for larger/smaller icons for fu candles.

2023年4月3日

版本注释

SMM - Smart Money Concepts Indicator
Version 1.7
-----------
- Added alert option when FU Candle is created inside a Supply/Demand Zone.

Setup the alert in the alert management section on the specific lower time frame that you want.

2023年4月4日

版本注释

SMM - Smart Money Concepts Indicator
Version 1.8
-----------
More clarification inside the Alert management section.
- Added alert for Sell/Buy Order Block Created
- Added alert if price taps inside a Buy/Sell Order Block

2023年5月15日

版本注释

SMM - Smart Money Concepts Indicator
Version 1.9
-----------
Update on the LTF Module.
- Added the option to independently enable or disable the LTF OBs and Structure.

2024年3月27日

版本注释

Version 1.10
-----------
Update on the FVG Module:

• Added a "50% Mitigation Line" option for FVG boxes, allowing users to visualize and strategize around the 50% retracement level more effectively.
  
• Introduced the option to remove text from FVG boxes for a cleaner and more streamlined visual experience.
  
• New interaction options for the FVG when mitigated:
  - Disappear: The FVG box will disappear once the 50% mitigation level is reached.
  - Change Color: The FVG box changes color to indicate that the 50% mitigation level has been reached, enhancing visibility and decision-making.
  - Do Nothing: The FVG box remains unchanged even after the 50% mitigation level is reached, allowing for continuous observation.