Free Smart Money Concepts (SMC) indicator for cTrader replicates the TradingView SMC framework, focusing on institutional price action analysis. It identifies key market structure elements such as Break of Structure (BOS) and Change of Character (CHoCH) on both swing and internal levels to help establish trading bias. The indicator visually marks Order Blocks (OB) and Fair Value Gaps (FVG) as semi-transparent zones, highlighting potential entry and mitigation areas. It also detects Equal Highs/Lows (EQH/EQL) to indicate liquidity pools, and labels strong or weak highs and lows to assess market vulnerability.
Additional features include plotting premium, equilibrium, and discount zones within the current swing range for value-area context, and overlaying daily, weekly, and monthly highs and lows for multi-timeframe confluence. Users can customize drawing modes (present or historical), color schemes (monochrome or colored), and opacity levels for OB/FVG zones. The indicator supports flexible use across all symbols and timeframes available in cTrader, suitable for scalping to swing trading.
The workflow involves reading market structure, mapping imbalances and blocks, aligning with liquidity, adding confluence from premium/discount zones and multi-timeframe levels, and executing trades with defined entry, stop, and target rules. Visuals depend on broker data feeds. This tool is intended for analysis and does not provide financial advice.