Simple Smart Mney Concepts
- Indicadores
- Cao Minh Quang
- Versão: 1.5
- Atualizado: 14 fevereiro 2025
- Ativações: 5
"Smart Money Concepts" (SMC) is used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. Trying to determine where institutional market participants have orders placed can be a very reasonable approach to finding more practical entries & exits based on price action.
Key Features
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Internal and Swing market structure in real-time:
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Internal Structures: These elements refer to the price formations and patterns that occur within a smaller scope or a specific trading session. The suite can detect intricate details like minor support/resistance levels or short-term trend reversals.
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External Structures: These involve larger, more significant market patterns and trends spanning multiple sessions or time frames. This capability helps traders understand overarching market directions.
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- HH/LH/LL/LH Areas:
- Identifying Higher Highs (HH), Lower Highs (LH), Lower Lows (LL), and Lower Highs (LH) helps in understanding the trend and market structure, aiding in predictive analysis.
- Break of Structure (BOS):
- This feature identifies points where the price breaks a significant structure, potentially indicating a new trend or a trend reversal.
- Change of Character (CHoCH):
- Detects subtle shifts in the market's behavior, which could suggest the early stages of a trend change before they become apparent to the broader market.
- Order Blocks:
- These are essentially price levels or zones where significant trading activities previously occurred, likely pointing to the positions of smart money.
- Equal Highs and Lows
- Displays EQH/EQL labels on chart for detecting equal highs & lows.
- Fair Value Gaps:
- Fair Value Gaps: A three candle formation where the candle shadows adjacent to the central candle do not overlap, this highlights a gap area.
- Previous Highs & Lows:
- Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels.
- Premium & Discount Zones as a range:
- Allows the user to display Premium, Discount, and Equilibrium zones on the chart
- EA Integration:
- Using Global Variables.
- Update the global variables on every bar close.
- Always add the lastest price value of the elements as following struct:
- Order Block Internal Structures
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_IS_OB_TOP (Lastest Internal OB Top price. Ex: XAUUSD_16385_CMQ_SMC_IS_BULL_OB_TOP )
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_IS_OB_BOTTOM (Lastest Internal OB Bottom price. Ex: XAUUSD_16385_CMQ_SMC_IS_BULL_OB_BOTTOM )
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_IS_OB_TIME (Lastest Internal OB Time Created. Ex: XAUUSD_16385_CMQ_SMC_IS_BULL_OB_TIME )
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_IS_OB_TOUCHED_TIME (Lastest Internal OB First touched time. Ex: XAUUSD_16385_CMQ_SMC_IS_BULL_OB_TOUCHED_TIME)
- Order Block Swing Structures
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_SW_OB_TOP (Lastest Swing OB Top price. Ex: XAUUSD_16385_CMQ_SMC_SW_BULL_OB_TOP )
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_SW_OB_BOTTOM (Lastest Swing OB Bottom price. Ex: XAUUSD_16385_CMQ_SMC_SW_BULL_OB_BOTTOM )
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_SW_OB_TIME (Lastest Swing OB Time Created. Ex: XAUUSD_16385_CMQ_SMC_SW_BULL_OB_TIME )
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_SW_OB_TOUCHED_TIME (Lastest Swing OB First touched time. Ex: XAUUSD_16385_CMQ_SMC_SW_BULL_OB_TOUCHED_TIME)
- Fair value gaps
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_FVG_TOP (Lastest FVG Top price. Ex: XAUUSD_16385_CMQ_SMC_BULL_FVG_TOP )
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_FVG_BOTTOM (Lastest FVG Bottom price. Ex: XAUUSD_16385_CMQ_SMC_BULL_FVG_ BOTTOM )
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_FVG_MID (Lastest FVG Middle price. Ex: XAUUSD_16385_CMQ_SMC_BULL_FVG_MID )
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_FVG_TIME (Lastest FVG Time Created. Ex: XAUUSD_16385_CMQ_SMC_BULL_FVG_TIME )
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_FVG_TOUCHED_TIME (Lastest FVG First touched time. Ex: XAUUSD_16385_CMQ_SMC_BULL_FVG_TOUCHED_TIME)
- BOS/CHOCH Internal Structures
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_CHOCH (Lastest CHOCH price. Ex: XAUUSD_16385_CMQ_SMC_BULL_CHOCH)
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_CHOCH_TIME (Lastest CHOCH Time Created. Ex: XAUUSD_16385_CMQ_SMC_BULL_CHOCH_TIME)
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_BOS (Lastest BOS price. Ex: XAUUSD_16385_CMQ_SMC_BULL_BOS)
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_BOS_TIME (Lastest BOS Time Created. Ex: XAUUSD_16385_CMQ_SMC_BULL_BOS_TIME)
- BOS/CHOCH Swing Structures
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_SW_CHOCH (Lastest swing CHOCH price. Ex: XAUUSD_16385_CMQ_SMC_SW_BULL_CHOCH)
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_SW_CHOCH_TIME (Lastest swing CHOCH Time Created. Ex: XAUUSD_16385_CMQ_SMC_SW_BULL_CHOCH_TIME)
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_SW_BOS (Lastest swing BOS price. Ex: XAUUSD_16385_CMQ_SMC_SW_BULL_BOS)
- (Symbol)_(Period)_(Prefix Global input)_(BULL or BEAR)_SW_BOS_TIME (Lastest swing BOS Time Created. Ex: XAUUSD_16385_CMQ_SMC_SW_BULL_BOS_TIME)
- Swing point
- (Symbol)_(Period)_(Prefix Global input)_HH (Lastest HH price. Ex: XAUUSD_16385_CMQ_SMC_HH)
- (Symbol)_(Period)_(Prefix Global input)_LH (Lastest LH price. Ex: XAUUSD_16385_CMQ_SMC_LH)
- (Symbol)_(Period)_(Prefix Global input)_HL (Lastest HL price. Ex: XAUUSD_16385_CMQ_SMC_HL)
- (Symbol)_(Period)_(Prefix Global input)_LL (Lastest LL price. Ex: XAUUSD_16385_CMQ_SMC_LL)
- Swing High/Low
- (Symbol)_(Period)_(Prefix Global input)_SWING_HIGH (Swing high price. Ex: XAUUSD_16385_CMQ_SMC_SWING_HIGH )
- (Symbol)_(Period)_(Prefix Global input)_SWING_HIGH_TIME (Swing high time. Ex: XAUUSD_16385_CMQ_SMC_SWING_HIGH_TIME )
- (Symbol)_(Period)_(Prefix Global input)_SWING_LOW (Swing low price. Ex: XAUUSD_16385_CMQ_SMC_SWING_LOW )
- (Symbol)_(Period)_(Prefix Global input)_SWING_LOW_TIME (Swing low time. Ex: XAUUSD_16385_CMQ_SMC_SWING_LOW_TIME )
- Previous Highs and Lows
- (Symbol)_(Period)_(Prefix Global input)_DAILY_HIGH (Daily high price. Ex: XAUUSD_16385_CMQ_SMC_DAILY_HIGH )
- (Symbol)_(Period)_(Prefix Global input)_DAILY_LOW (Daily low price. Ex: XAUUSD_16385_CMQ_SMC_DAILY_LOW )
- (Symbol)_(Period)_(Prefix Global input)_WEEKLY_HIGH (Weekly high price. Ex: XAUUSD_16385_CMQ_SMC_WEEKLY_HIGH )
- (Symbol)_(Period)_(Prefix Global input)_WEEKLY_LOW (Weekly low price. Ex: XAUUSD_16385_CMQ_SMC_WEEKLY_LOW )
- (Symbol)_(Period)_(Prefix Global input)_MONTHLY_HIGH (Monthly high price. Ex: XAUUSD_16385_CMQ_SMC_MONTHLY_HIGH )
- (Symbol)_(Period)_(Prefix Global input)_MONTHLY_LOW ( Monthly low price. Ex: XAUUSD_16385_CMQ_SMC_MONTHLY_LOW )
- Premium, Discount, and Equilibrium Zones
- (Symbol)_(Period)_(Prefix Global input)_PREMIUM_HIGH (Premium top price. Ex: XAUUSD_16385_CMQ_SMC_PREMIUM_HIGH )
- (Symbol)_(Period)_(Prefix Global input)_PREMIUM_LOW (Premium bottom price. Ex: XAUUSD_16385_CMQ_SMC_PREMIUM_LOW )
- (Symbol)_(Period)_(Prefix Global input)_DISCOUNT_HIGH (Discount top price. Ex: XAUUSD_16385_CMQ_SMC_DISCOUNT_HIGH )
- (Symbol)_(Period)_(Prefix Global input)_DISCOUNT_LOW (Discount bottom price. Ex: XAUUSD_16385_CMQ_SMC_DISCOUNT_LOW )
- (Symbol)_(Period)_(Prefix Global input)_EQUILIBRIUM_HIGH (Equilibrium top price. Ex: XAUUSD_16385_CMQ_SMC_EQUILIBRIUM_HIGH )
- (Symbol)_(Period)_(Prefix Global input)_EQUILIBRIUM_LOW (Equilibrium bottom price. Ex: XAUUSD_16385_CMQ_SMC_EQUILIBRIUM_LOW )
- Equal Highs and Lows
- (Symbol)_(Period)_(Prefix Global input)_EQH_FIRST (Equal high first price. Ex: XAUUSD_16385_CMQ_SMC_EQH_FIRST)
- (Symbol)_(Period)_(Prefix Global input)_EQH_SECOND (Equal high second price. Ex: XAUUSD_16385_CMQ_SMC_EQH_SECOND)
- (Symbol)_(Period)_(Prefix Global input)_EQH_TIME (Equal high time. Ex: XAUUSD_16385_CMQ_SMC_EQH_TIME)
- (Symbol)_(Period)_(Prefix Global input)_EQL_FIRST (Equal low first price. Ex: XAUUSD_16385_CMQ_SMC_EQL_FIRST)
- (Symbol)_(Period)_(Prefix Global input)_EQL_SECOND ( Equal low second price. Ex: XAUUSD_16385_CMQ_SMC_EQL_SECOND)
- (Symbol)_(Period)_(Prefix Global input)_EQL_TIME (Equal low time . Ex: XAUUSD_16385_CMQ_SMC_EQL_TIME )
Customizable Features
- Users can adjust settings like data length, colors, and display styles to match their trading preferences.
Benefits for Traders
- Saves time on manual analysis, enhancing trading efficiency.
- Helps make quick and informed decisions during volatile market conditions.
- Easy to use for both beginners and experienced traders.
Conclusion
The Simple Smart Money Concepts Indicator is not just a tool but a comprehensive solution for traders looking to effectively implement ICT strategies. It’s a robust choice for enhancing market analysis and executing precise trades.