Smart Money Concepts (Advanced)

6 Jan

Inspired and initially based on LuxAlgo's Smart Money Concepts Indicator I created a library lib_smc that started to convert every function and return objects. This allowed certain customizations like tracking the current fill level of FVGs or tracking the creation of Order Blocks, by monitoring consecutive bars against the current trend.

This indicator is provided as is, based on, but probably not always be up to date with my lib_smc that I am using for my projects.

WARNING: This indicator shows EXPERIMENTAL Order Blocks that are tracked LIVE. Unlike usual Order Blocks these are not just based on the last confirmed Swing Point (formed 50 bars before) but on consecutive candles opposing an unconfirmed trend. Blocks are confirmed by price movements relative to the unconfirmed block and unconfirmed swing points. This means that some Order Blocks will appear on pullbacks, as well as reversals.

Features

1. Swing Points (HH / LH / HL / LL), indicating support / resistance zones price might reject off of or want to push through
   
2. Market Structure (BOS / ChoCh), indicates confirmation for a continued / changing trend
   
3. live Order Blocks (OB), see warning above.
   
4. Fair Value Gaps (FVG), optional from higher timeframes
   
5. Equal Highs / Lows (EQH/EQL), indicates strong support / resistance zones, especially when the bars forming it have long wicks toward that zone
   
6. using my lib_no_delay all moving averages are working from bar 0, so it can be used on charts with limited bars
   

7 Jan

Nota Keluaran

updated to lib_smc v12 and lib_profile v35, fixed bug when chart has gaps in ltf data

8 Jan

Nota Keluaran

updated drawing of filled FVGs and broken Order Blocks

8 Jan

Nota Keluaran

updated drawing of filled FVGs and broken Order Blocks

8 Jan

Nota Keluaran

update to lib_profile v36 and lib_smc v14 for speed optimizations

8 Jan

Nota Keluaran

increased minimum size threshold for OBs and FVGs to, hiding broken/filled blocks by default, added tooltip for "use profiles", limit boxes displayed to last 3 in each direction, instead of 5

2 Feb

Nota Keluaran

fixed some display bugs with broken blocks. Added swing point confirmation right (min bars right of the pivot to confirm it).

2 Feb

Nota Keluaran

updated to lib_smc v20

• improved demo plotting performance
  
• fixed visual removal of discarded OB/FVG
  
• added OB soft confirmation by big candle body > 3xATR200 closing outside the tracking block
  
• fixed bug in real time swing structure
  

3 Feb

Nota Keluaran

fixed FVG show last x boxes setting not applied, improved performance for FVG/OB plotting

7 Feb

Nota Keluaran

• updated to latest lib_smc v23
  
• removed right confirmation for swing length, was interfering with live swing point detection
  
• improved plotting performance, fixed blips
  
• added separate HTF FVG plots
  

7 Feb

Nota Keluaran

cleaned up chart by reducing objects displayed by default

19 Mac

Nota Keluaran

fixed errors for instruments with sketchy volume data