Smart Money PRO v2

5월 30일

Smart Money Concepts PRO v2

WHY THESE COMPONENTS ARE COMBINED (mashup rationale)
This is deliberately not a folder of independent indicators stacked together.
Each component answers exactly one question in a single top-down Smart Money
workflow, and the whole point of the script is to make those answers agree
before anything is flagged:
- Direction - which side should I favour? -> HTF bias (higher-timeframe EMA read)
- Timing - has the working timeframe shifted? -> Market structure (BOS / CHoCH)
- Fuel - where is the liquidity a move runs? -> Liquidity sweeps + Equal Highs/Lows
- Entry zone - where will price react afterwards? -> Order Blocks, Breaker Blocks, FVG
- Location - is that zone in a good part of range? -> Premium / Discount (auto-equilibrium)
The Confluence Engine is what ties them together: it marks a LONG/SHORT only
when a FRESH Order Block retest lines up with the correct Premium/Discount half
AND (optionally) the higher-timeframe bias. The added value is the agreement
rule across these layers, not the individual drawings - that is what this
publication contributes over plotting OBs, FVGs and structure separately.

HOW EACH COMPONENT IS CALCULATED
- Market structure: swing pivots (configurable lookback) feed a trend state
machine. A close beyond the last protected swing in the trend direction is a
BOS (continuation); the first close beyond structure against the trend is a
CHoCH (change of character / early reversal).
- Order Blocks: on a structure break, the last opposite-colour candle before the
impulse is captured as the OB. Optional volume validation requires the
formation candle volume to exceed SMA(volume,20) x multiplier. OBs auto-delete
on mitigation (by wick or by close, your choice).
- Breaker Blocks: a mitigated OB flips polarity and is redrawn as a Breaker of
the opposite side, modelling the "failed order block becomes a barrier" idea.
- Fair Value Gaps: the classic 3-candle imbalance, filtered by a minimum size in
ATR and an optional displacement test (central candle body >= multiplier x ATR)
so only impulsive gaps remain; each FVG is removed when filled.
- Liquidity Sweeps: a wick that exceeds a prior swing while the candle closes
back inside it (stop-hunt), optionally requiring elevated volume.
- Equal Highs / Lows: swing clusters within an ATR-based tolerance, marking
resting liquidity pools.
- Premium / Discount: an auto-Fibonacci equilibrium from the most recent swing
range; above 50% is Premium (favour shorts), below 50% is Discount (favour longs).
- HTF bias: a dual-EMA read from a higher timeframe, requested using the
confirmed value of the previous HTF bar so it does not repaint.

HOW TO USE
- Set Swing length for your style (5-10 scalping, 20-50 swing) and pick an HTF
roughly 4-6x your chart timeframe.
- Read top-down: check the HTF bias and current Premium/Discount zone in the
dashboard, then wait for a confluence LONG/SHORT where a fresh OB is retested
in the right half of the range.
- Treat the marks as a filtered context for your own entries, not as automatic
buy/sell orders. Structure-based invalidation (beyond the OB or the sweep
extreme) gives a natural stop level.
- Every event (BOS, CHoCH, new/touch OB, FVG, sweep, EQH/EQL, breaker,
confluence) has its own toggle and its own alert() condition.

WHAT IT DOES NOT DO / LIMITATIONS
- Pivots need swingLen bars to confirm, so structure, OBs and FVGs print after
confirmation on closed bars. This is by design to avoid repainting; levels are
reactive, not predictive.
- It does not forecast price, and past behaviour does not guarantee future
results. This is a decision-support tool, not a signal service.

Open-source under MPL 2.0 - study, fork and improve it freely.

6월 2일

릴리즈 노트

Smart Money Concepts PRO v2

WHY THESE COMPONENTS ARE COMBINED (mashup rationale)
This is deliberately not a folder of independent indicators stacked together.
Each component answers exactly one question in a single top-down Smart Money
workflow, and the whole point of the script is to make those answers agree
before anything is flagged:
- Direction - which side should I favour? -> HTF bias (higher-timeframe EMA read)
- Timing - has the working timeframe shifted? -> Market structure (BOS / CHoCH)
- Fuel - where is the liquidity a move runs? -> Liquidity sweeps + Equal Highs/Lows
- Entry zone - where will price react afterwards? -> Order Blocks, Breaker Blocks, FVG
- Location - is that zone in a good part of range? -> Premium / Discount (auto-equilibrium)
The Confluence Engine is what ties them together: it marks a LONG/SHORT only
when a FRESH Order Block retest lines up with the correct Premium/Discount half
AND (optionally) the higher-timeframe bias. The added value is the agreement
rule across these layers, not the individual drawings - that is what this
publication contributes over plotting OBs, FVGs and structure separately.

HOW EACH COMPONENT IS CALCULATED
- Market structure: swing pivots (configurable lookback) feed a trend state
machine. A close beyond the last protected swing in the trend direction is a
BOS (continuation); the first close beyond structure against the trend is a
CHoCH (change of character / early reversal).
- Order Blocks: on a structure break, the last opposite-colour candle before the
impulse is captured as the OB. Optional volume validation requires the
formation candle volume to exceed SMA(volume,20) x multiplier. OBs auto-delete
on mitigation (by wick or by close, your choice).
- Breaker Blocks: a mitigated OB flips polarity and is redrawn as a Breaker of
the opposite side, modelling the "failed order block becomes a barrier" idea.
- Fair Value Gaps: the classic 3-candle imbalance, filtered by a minimum size in
ATR and an optional displacement test (central candle body >= multiplier x ATR)
so only impulsive gaps remain; each FVG is removed when filled.
- Liquidity Sweeps: a wick that exceeds a prior swing while the candle closes
back inside it (stop-hunt), optionally requiring elevated volume.
- Equal Highs / Lows: swing clusters within an ATR-based tolerance, marking
resting liquidity pools.
- Premium / Discount: an auto-Fibonacci equilibrium from the most recent swing
range; above 50% is Premium (favour shorts), below 50% is Discount (favour longs).
- HTF bias: a dual-EMA read from a higher timeframe, requested using the
confirmed value of the previous HTF bar so it does not repaint.

HOW TO USE
- Set Swing length for your style (5-10 scalping, 20-50 swing) and pick an HTF
roughly 4-6x your chart timeframe.
- Read top-down: check the HTF bias and current Premium/Discount zone in the
dashboard, then wait for a confluence LONG/SHORT where a fresh OB is retested
in the right half of the range.
- Treat the marks as a filtered context for your own entries, not as automatic
buy/sell orders. Structure-based invalidation (beyond the OB or the sweep
extreme) gives a natural stop level.
- Every drawing and event (BOS, CHoCH, new/touch OB, FVG, sweep, EQH/EQL,
breaker, confluence) has its own toggle and its own alert() condition, and the
top-right info table (dashboard) can be shown or hidden in settings.

WHAT IT DOES NOT DO / LIMITATIONS
- Pivots need swingLen bars to confirm, so structure, OBs and FVGs print after
confirmation on closed bars. This is by design to avoid repainting; levels are
reactive, not predictive.
- It does not forecast price, and past behaviour does not guarantee future
results. This is a decision-support tool, not a signal service.

Open-source under MPL 2.0 - study, fork and improve it freely.

6월 4일

릴리즈 노트

v2.1 adds two optional, display-only tools (off by default): Smart Visibility, which keeps only the order blocks nearest to price and hides the rest to declutter the chart; and an Asia/London/New York session background. Detection and signals are unchanged.