Intra SMC candle
- Göstergeler
- Teresinha Moraes Correia
- Sürüm: 1.0
- Etkinleştirmeler: 5
The *Intra SMC Candle* indicator analyzes *smart money concepts* (SMC) structures within the current candle. In other words, it identifies institutional action within the forming candle by tracking “footprints” of smart money through specific structures. At the start of the next candle, the indicator signals the direction in which an order should be opened.
The trade should be executed in the direction indicated by the arrow. The arrow appears at the opening of the candle, showing the direction for the trade.
The indicator settings include an option to define the distance at which the arrows appear relative to the candle.
It also allows you to set the start and end times for analysis, specifying when the indicator will begin emitting signals and when it should stop, thereby ceasing to generate new signals.
Additionally, the indicator provides an audible alert and displays a popup on the screen, indicating the action to take: either a buy or a sell.
When a signal appears, execute an order as in the examples below:
- A buy arrow appears, so execute a buy order of 0.01 lot.
- If the candle rises, close the order when the candle closes.
- If the candle falls, open a new order at the opening of the next candle and continue in this manner.
This method helps maintain the financial balance of the account while enabling significant growth of resources.
It is recommended to use the indicator on time frames starting from 1 hour.