Prop Algo

# Prop Algo — MTF Trend + Signals + SMC Toolkit

**What it is**
Prop Algo is a multi-tool trading assistant that blends trend following, contrarian timing, and Smart Money Concepts (SMC). It plots clean buy/sell labels, paints candles by momentum state, maps TP/SL levels automatically, shows a compact **Smart Panel** (dashboard), and draws **auto-trendlines**, **trend clouds**, and **institutional zones** (OB/BB/MB). It’s built to help discretionary traders make faster, rules-based decisions without drowning in settings.

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Core Signals

* **Buy / Strong Buy** and **Sell / Strong Sell** labels driven by:

* **Supertrend** cross + confirmation stack (MACD slope, HMA(55) impulse, EMA150/EMA250 bias, channel direction).
* Optional **Contrarian Mode** via RSI “trend shifter” (fast/slow crossover with guardrails).
* Optional **High-Volume Filter** and **Consolidation Filter** (ADX).
* Optional **Trend Cloud Filter** (Smooth / Scalping / Scalping+ / Swing).
* **Trend Scalper preset** (5/9/21 EMA on HA-smoothed price) with color-filled momentum bands.

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Risk & Trade Management

* **Dynamic TP/SL** visuals: entry, stop, and **TP1/TP2/TP3** auto-projections.
* **ATR or %-based trailing stop** (toggle).
* **RSI-based TP markers** (cross levels for staged exits).
* Optional **market structure swings** (HH/HL/LH/LL labels).



Dashboard

A one-glance status block showing:

* **MTF bias:** 5m, 15m, 30m, 1h, 4h (green/red tiles based on 200-EMA state).
* **Market State:** Trending / Ranging / Inactive (TVR proxy).
* **Volatility %** (ATR/StdDev normalization).
* **Institutional Activity** (volume filter).
* **Current Session** (Sydney/Tokyo/London/New York).
* **Trend Pressure** (EMA9 slope: Bullish / Bearish / Flat).

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Smart Money Concepts

* **Automated BoS** (Break of Structure) labeling.
* **Order Blocks:** Bu-OB / Be-OB with extend-right boxes.
* **Break Blocks / Mitigation Blocks:** Bu-BB / Be-BB and Bu-MB / Be-MB.
* **Auto maintenance:** zones extend, alert when price enters, and optionally delete when invalidated.
* **Minimal ZigZag** backbone (length-driven pivots) with Fib-based confirmation logic.



Trend Cloud & Candle Heatmap

* **Trend Cloud:** Smooth / Scalping / Scalping+ / Swing; optional EMA150/EMA250 fill for higher-timeframe bias.
* **MACD heatmap candles:** multi-tier green/red/yellow body coloring based on MACD and histogram progression.



Auto Trendlines

* **Regression-style channel** from WMA/SMA blend with **±RMSE envelopes**, extended to the right for developing support/resistance rails.



Inputs

* **Signal Mode / Filters:** Trending, Contrarian, High Volume, Strong-only, and Cloud filters.
* **Sensitivity / Tuner:** Supertrend factor & length, Reversal Dot tuner.
* **Risk Management:** Use % or ATR, TP multipliers (TP1/2/3), Trailing SL toggle.
* **Market Structure:** Show swings, swing length.
* **Dashboard:** On/off, position, size.
* **Sessions:** Auto detection (Sydney/Tokyo/London/New York).

*(Default “Presets” is **All Signals**; you can still use the “Trend Scalper” subset by enabling the dedicated view inside the script.)*



Alerts

* **Normal Buy / Strong Buy**
* **Normal Sell / Strong Sell**
* **Stop-Loss Crossed**
* **Target 1 / Target 2 / Target 3 Crossed**
* **Cloud Turned Bullish / Bearish**
* **MSB (Market Structure Break)**

> Tip: set alerts on “Once Per Bar Close” for cleaner signals.


How to Use

1. **Pick a mode:** start with **Trending Signals [Mode]** + **Smooth Cloud** for swing/position, or **Scalping/Scalping+** for intraday.
2. **Confirm bias:** glance at the **MTF tiles** and **Trend Pressure**. Trade in alignment or deliberately fade (Contrarian Mode) with tight risk.
3. **Plan risk:** use the auto **Entry/SL/TP** lines; enable **Trailing SL** if you prefer dynamic exits.
4. **Watch zones:** when price enters **OB/BB/MB** boxes, expect reactions; combine with signal labels for confluence.
5. **Respect structure:** BoS prints are context—don’t fight fresh structure without a plan.



Best Practices

* Works on **crypto, indices, FX, commodities, stocks**.
* Timeframes: from **5m** up to **4H/1D**. Lower TFs benefit from Cloud filters or Strong-only mode.
* Avoid over-stacking filters at first; add filters only if you need fewer, higher-quality signals.



Notes & Limits

* This is **not** a standalone “autopilot.” It’s a **decision support** system.
* Past performance ≠ future results. Always test on **replay** and **paper** first.
* No financial advice. Manage risk like a professional.