SMT + BOS + RR This indicator implements a Smart Money Theory (SMT) + Break of Structure (BOS) strategy with a fixed risk/reward ratio, synchronized between two assets. The main idea is to detect discrepancies in the movements of two symbols to identify potential accumulation and reversal zones driven by institutional activity.
Key Features:
SMT Signals:
Automatically identifies divergences between two assets (e.g., BTC and ETH), highlighting potential smart money activity.
Detects trend direction through sweeps of recent highs and lows.
BOS (Break of Structure):
Filters signals based on structure break: higher highs/lower lows.
Additional ATR-based candle size check to avoid false signals.
Entry & Position Management:
Supports long, short, or both directions.
Entry type selection: on candle close (bos_close) or retest (bos_retest).
Automatic calculation of Stop Loss at the last extreme and Take Profit based on the specified risk/reward ratio (RR).
Visualization:
Arrows displayed on the chart for buy and sell signals.
SL and TP lines for clear risk management.
SMT signals marked at the top and bottom of the chart.
Settings:
Symbol A / Symbol B โ choose assets for SMT analysis.
Side โ trading direction: long, short, or both.
Swing Size โ pivot size for detecting local highs and lows.
Risk/Reward โ RR ratio for automatic TP calculation.
Min BOS Body ATR โ minimum candle body size for BOS confirmation.
Best Suited For:
Traders following Smart Money concepts and looking for market structure-based signals with controlled risk.
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