Smart Money Essentials [TFO]

2023년 2월 8일

This indicator utilizes “Smart Money Concepts” like liquidity, order blocks, premium & discount, and more to analyze price action.

What’s included in the initial release:

• Market Structure
  
• Liquidity
  
• Displacement
  
• Order Blocks
  
• Premium / Discount
  
• Confluence Table
  
• Alerts
  

Market structure logic objectively identifies whether the current trend is bullish or bearish, based on swing highs and lows. Liquidity levels offer insight into major pivots where we can assume many traders may place their stop loss, which can also serve as areas where “Smart Money” may be accumulating or distributing positions.

Displacement adds to this by spotting rapid price movement, often accompanied by imbalances where price may come back to before continuing in the direction of the displacement. These can be filtered based on whether the imbalance is accompanied by a Break of Structure (BOS) or Market Structure Shift (MSS), which may give additional insight into the draw on liquidity.



Order blocks (OB’s) are detected and treated as areas that may offer support for price in an uptrend or resistance in a downtrend. Premium and discount zones are essentially fitted by an “auto-fib” retracement that looks at recent liquidity levels, and optionally offers areas to look for an Optimal Trade Entry (OTE) where price retraces between 62-79% of the preceding displacement leg.



The confluence table provides an organized place to visualize and identify where any of the above concepts may be present at or around the same time. We can implement a threshold where, if the number of selected factors meets or exceeds this threshold, we can potentially identify bullish and bearish opportunities where multiple layers of confluence are overlapping.



And of course, alerts are built in for all significant events related to the above concepts, for example: runs on liquidity, BOS and MSS, rejections from OB and OTE, etc.

2023년 2월 17일

릴리즈 노트

- Improved OB logic
- Added an option for OB mitigation via the mean threshold
- Improved Breaker Block logic
- Removed option to force alert session (can simply set to 00:00-00:00 to include all times of day)

2023년 2월 27일

릴리즈 노트

- Initial implementation of Propulsion Blocks
- Added option to show when old OB's have been mitigated
- Breaker Blocks: tweaked logic, added alerts, and added to the Confluence Table

2023년 3월 14일

릴리즈 노트

v1.3
- Added option to show OB's only using candle bodies (omitting wicks)
- Improved efficiency of Market Structure and Breaker Block logic to reduce load times
- Updated instructions to access private indicators

2023년 3월 14일

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v1.3.1
- Minor fix to the option to show nearby liquidity

2023년 3월 14일

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v1.3.2
- Increased selectivity and improved efficiency of the logic for Relative Equal Highs / Lows

2023년 3월 27일

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v1.4
- Added Multi-Time Frame (MTF) Structure, which can be viewed historically and/or through a summarized table, as well the ability to use MTF Structure in the confluence section in combination with all other major features

2023년 3월 28일

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v1.5
- Added options to MTF Structure to highlight trending and neutral price action
- Added alerts for when MTF Structure changes

2023년 3월 28일

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v1.5.1
- Bug fixes regarding the Confluence Table

2023년 4월 4일

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v1.5.2
- Bug fixes regarding MTF Structure in the Confluence section

2023년 4월 15일

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v1.6.0
- Added alerts for displacement
- Added FVG rejections
- Added a Killzone option to the Confluence section
- Improved how FVG's are utilized in the Confluence section

2023년 4월 20일

릴리즈 노트

v1.7.0
- Added FVG Rejection alerts
- Added table text size options to both the MTF and Confluence tables
- Added "Strict" options to FVG and OB rejections. When turned on, rejections must occur strictly within the respective area. When turned off, price is allowed to slightly exceed the area (allows for more flexibility in the Confluence section)
- Fixed Breaker Block alerts (only bearish BB's were being alerted)

2023년 6월 23일

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v1.8.0
- Added Standard Deviation Projections with filters to check if the projection levels align with points of interest such as Liquidity pivots, FVG CE/midpoint, and OB MT/midpoint

2023년 7월 7일

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v1.9.0
- Added Premium & Discount to the confluence section, in addition to OTE

2023년 7월 28일

릴리즈 노트

v1.10.0
- Breaker Blocks have been updated to act similarly to Order Blocks, with their boxes being extended until mitigated, rejections that can be filtered by the current trend, etc. The confluence section and alerts for Breaker Blocks have been updated to reflect these changes
- Standard Deviation Projections can now be filtered by Breaker Block mean thresholds, in addition to FVG, OB, and Liquidity

2023년 8월 8일

릴리즈 노트

v1.11.0
- Added MTF Structure Statistics that describes how often MTF Structure experiences continuations (after neutral/conflicting structure), reversals, and the average trend streak before MTF MSS
- Added a color gradient view to MTF Structure, which visually describes how extended price is from its nearest invalidation point (MSS)
- Added an option to require that Breaker Blocks must take Liquidity pivots in order to be validated (versus only taking smaller, structural pivots)
- Improved Liquidity pivot detection (longer lookback)
- Added BSL and SSL labels when Show Nearby Liquidity is enabled

2023년 9월 16일

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Updates to Author's Instructions for access. No version change

2023년 10월 6일

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v1.12.0
- Added a Confluence option to Wait for Rejections. With this enabled, price must form a local swing high/low in the selected POI (if any) in order to meet the Confluence criteria. This can serve as additional confirmation to see if price is potentially respecting said POI
- Removed the Confluence threshold to avoid confusion. It is now automatically calculated based on the selected Confluence factors
- Bug fixes

2023년 10월 20일

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v1.12.1
- Bug fixes

2023년 11월 17일

릴리즈 노트

v1.13.0
- Added Timeframe Continuity (TFC) as a major feature and a Confluence option that may be used in conjunction with all other major indicator features

2023년 11월 17일

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v1.13.1
- Minor bug fixes regarding MTF Structure and TFC

2023년 11월 22일

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SME v1.13.2
- Redesigned the Confluence Table for improved readability
- Removed Liquidity's dependency on Pivot Strength
- Improved FVG logic and Displacement Strength sensitivity
- Added the option to extend FVG boxes to the right until invalidated, like other POI
- Added the option to override the style of POI midlines and borders

2023년 11월 29일

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v1.13.3
- Bug fixes regarding the Confluence Table

2023년 11월 30일

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v1.13.4
- Bug fixes regarding MTF Structure

2023년 12월 7일

릴리즈 노트

v1.13.5
- Slight visual changes to Order Block Mitigation and MTF Structure History (Gradient)

2023년 12월 15일

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v1.13.6
- Added alerts for the detection of a new FVG/OB/BB

2월 2일

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v1.14.0
- Added the ability to use External Confluence Factors from other indicators
- Improved Order Block logic when using grouped candles

4월 3일

릴리즈 노트

v1.15.0
- Added Liquidity as a confluence factor (where price is trading relative to recently-raided BSL/SSL)
- Changed Standard Deviation Projection logic to use swing points instead of consecutive candle closes
- Bug fixes regarding FVG rejections
- General performance improvements

4월 19일

릴리즈 노트

v1.16.0
- Added new Indicator Preset options
- Added back the option to manually extend FVGs
- Added an option to distinguish how Liquidity is used as confluence

6월 18일

릴리즈 노트

v1.17.0
- Added Dynamic bar coloring option that uses intermediate colors after MSS, and full colors after BOS
- Added color options to differentiate FVGs that broke structure

6월 18일

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v1.17.1
- Bug fixes regarding table positioning

6월 19일

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v1.17.2
- Bug fixes regarding FVG mitigation

8월 7일

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v1.18.0
- Added the option to show FVG inversions
- Added FVG inversions and OB mitigations as optional confluence factors

8월 12일

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v1.18.1
- Added alerts for FVG Inversions and OB Mitigations

8월 12일

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v1.18.2
- Bug fixes regarding output series limitations

9월 30일

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v1.18.3
- Updated MTF Structure History to show when a majority of selected timeframes have bull/bear market structure
- Fixed issue regarding manual FVG extension

12월 9일

릴리즈 노트

v2.0.0
- Timeframe selection for all major POI (Fair Value Gaps, Order Blocks, and Breaker Blocks)
- Logic synced with the Premium Dashboard indicator for consistent scanning across all assets and timeframes
- Customizable, step-by-step Confluence setups with increased flexibility
- General performance enhancements

12월 16일

릴리즈 노트

v2.0.1
- Bug fixes regarding Liquidity settings in the Confluence section