Smart Money Concepts (SMC) [Iridio Capital]
Indicator
Version 1.0, Feb 2026
Windows, Mac
"Smart Money Concepts (SMC) [Iridio Capital]" uploaded image"Smart Money Concepts (SMC) [Iridio Capital]" uploaded image"Smart Money Concepts (SMC) [Iridio Capital]" uploaded image"Smart Money Concepts (SMC) [Iridio Capital]" uploaded image"Smart Money Concepts (SMC) [Iridio Capital]" uploaded image"Smart Money Concepts (SMC) [Iridio Capital]" uploaded image"Smart Money Concepts (SMC) [Iridio Capital]" uploaded image
Since 17/03/2025
1
Sales
3.41K
Free installs

No manual drawing required.

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FEATURES OVERVIEW

1. Market Structure Detection (BOS & CHoCH)

The indicator identifies two levels of market structure simultaneously:

- Internal Structure — Uses a short lookback (5 bars) to detect fast, intraday-level structural shifts. Ideal for precision entries and scalping setups. Displays Break of Structure (BOS) when the trend continues, and Change of Character (CHoCH) when a reversal occurs.

- Swing Structure — Uses a configurable lookback (default: 50 bars) to capture higher-timeframe structural shifts. Perfect for identifying the dominant trend and major reversal points.

Each structure level is drawn as a horizontal line from the pivot point to the breakout bar, with a label (BOS or CHoCH) placed at the center of the line. You can filter each direction (bullish/bearish) independently to show All, BOS only, or CHoCH only.

A Confluence Filter option is available for internal structure, which only triggers signals when the candle body confirms the direction — reducing noise in ranging markets.

2. Order Blocks (Internal & Swing)

Order Blocks represent the last opposing candle before a significant move — zones where institutional orders are likely concentrated.

- Internal Order Blocks — Generated from internal structure breaks. These are smaller, more frequent zones ideal for scalping and intraday entries.
- Swing Order Blocks — Generated from swing structure breaks. These are larger, higher-probability zones suitable for swing trading.

Each Order Block is drawn as a filled rectangle extending to the right of the chart. Blocks are automatically mitigated (removed) when price closes through them or when the high/low penetrates the zone, depending on your chosen mitigation method (Close or High/Low).

You can control how many Order Blocks are displayed at once (up to 20 per type) and filter them by a volatility threshold using either ATR or Cumulative Mean Range.

3. Fair Value Gaps (FVG)

Fair Value Gaps are three-candle patterns where a gap exists between the first and third candle, indicating an imbalance in price. The indicator automatically detects both bullish and bearish FVGs and draws them as shaded rectangles on the chart.

- Auto Threshold mode filters out insignificant FVGs by comparing the middle candle's body size against the cumulative average — only meaningful gaps are displayed.
- FVGs are automatically mitigated when price fills the gap.
- Extend FVG parameter lets you control how many bars the FVG rectangle extends to the right for better visibility.


4. Strong/Weak High & Low

Automatically labels the current swing high and swing low as either "Strong" or "Weak" based on the prevailing trend direction:

- In a bearish trend, the swing high is labeled "Strong High" (unlikely to be broken) and the swing low is labeled "Weak Low" (likely to be taken).
- In a bullish trend, the swing low is labeled "Strong Low" and the swing high is labeled "Weak High."

These labels update dynamically as the structure evolves, giving you a real-time read on which levels are protected and which are vulnerable.

5. Premium / Discount Zones

Visualizes the market's current position relative to the active trading

range:

- Premium Zone — The upper portion of the range (near the swing high), where selling is statistically favorable.
- Discount Zone — The lower portion of the range (near the swing low), where buying is statistically favorable.
- Equilibrium — The midpoint of the range, acting as a neutral zone.

Each zone is drawn as a semi-transparent filled rectangle with a label. This helps you instantly assess whether the current price offers value for your trade direction.

6. Trend-Colored Candles

Optionally color all candles based on the current internal market structure trend. Bullish trend candles use the swing bull color; bearish trend candles use the swing bear color. This provides an instant visual overview of the prevailing directional bias without cluttering your chart with additional indicators.

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CUSTOMIZATION OPTIONS

Every feature can be individually toggled on or off. The indicator offers extensive color customization:

- Style Modes: Choose between "Colored" (full color palette) or "Monochrome" (grayscale) for a cleaner look.
- Display Modes: "Historical" shows all past signals, "Present" shows only the most recent signal per category to keep your chart clean.
- All structure colors, Order Block colors, and FVG colors can be customized via hex color codes with alpha transparency support.

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HOW TO USE THIS INDICATOR

For Trend Traders:
Enable Swing Structure and Strong/Weak High/Low. Trade in the direction of BOS signals, using CHoCH as early reversal warnings. Enter at Discount zones in bullish trends and Premium zones in bearish trends.

For Scalpers:
Enable Internal Structure and Internal Order Blocks. Look for CHoCH signals on the internal level as entry triggers, then target the nearest Order Block or FVG for entries with tight stops.

For Swing Traders:
Enable Swing Structure, Swing Order Blocks, and Premium/Discount Zones. Wait for CHoCH at swing level for reversal entries, or BOS for trend continuation. Use Swing Order Blocks as high-probability entry zones.

For Liquidity Hunters:
Enable Equal Highs/Lows to spot liquidity pools. Combine with Order Blocks to identify where price is likely heading after a liquidity sweep.


#DISCLAIMER

This indicator is a technical analysis tool designed to assist with chart reading and trade planning. It does not generate buy/sell signals and should not be used as the sole basis for trading decisions. Always use proper risk management and combine with your own analysis. Past performance of any strategy using this tool does not guarantee future results. Trading involves significant risk of loss.

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XAUUSD
FVG
ATR
Commodities
Forex
Supertrend
EURUSD
Scalping

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Since 17/03/2025
1
Sales
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Free installs