SMC Market Structure Analysis Indicator v1.0

SMC Market Structure Analysis Indicator v1.0

OVERVIEW

A Pine Script v6 indicator implementing Smart Money Concepts (SMC) for automated market structure analysis. Designed to identify institutional trading patterns through systematic detection of structure breaks, inducement sweeps, and price imbalances.


CORE FEATURES

Market Structure Detection
- BOS (Break of Structure): Trend continuation signal triggered when close price breaks confirmed structure points
- CHoCH (Change of Character): Trend reversal signal triggered when close price breaks protection levels
- Swing Point Labels: Automatic labeling of HH, HL, LL, LH

Inducement (IDM)
- Detects liquidity sweeps to confirm valid structure points

SMC Structure Lines
- Connects confirmed swing points to visualize market waves

Fair Value Gap (FVG)
- Detects price imbalances with Inside Bar filtering
- Tracks fill status with automatic extension stop

Potential Levels
- Displays pending BOS/CHoCH trigger levels as dashed lines


TECHNICAL SPECIFICATIONS

Pine Script Version: v6
Confirmation Method: Close-based (No Repainting)
Inside Bar Filtering: Global


ADVANTAGES

- No Repainting: All confirmations based on close prices
- Noise Filtering: Inside Bars globally ignored
- Fully Configurable: Every visual element can be customized