Description
This list outlines the advanced settings and features of a Smart Money Concepts (SMC) trading indicator. It is designed to automate the technical analysis of market structure, supply/demand, and liquidity.
Here is a straight-to-the-point breakdown of what these settings do:
🏗️ Market Structure & Price Action
- Mode (Historical/Present): Choose between seeing all past data (backtesting) or only the current live structure to keep your chart clean.
- Internal vs. Swing Structure: * Internal: Shows "minor" breaks (BOS/CHoCH) within a trend.
- Swing: Shows "major" trend changes using solid lines and larger labels.
- Swing Points: Automatically labels Highs and Lows (HH, HL, LH, LL) so you don't have to identify the trend manually.
- Equal Highs & Lows (EQH/EQL): Identifies potential "retail" support/resistance where institutional liquidity usually sits. The Bars Confirmation setting filters out "fake" equal highs/lows.
🧱 Supply, Demand & Imbalance
- Order Blocks (Internal & Swing): Highlights the "last candle" before a big move where institutions likely have resting orders. You can limit how many are shown to avoid "clutter."
- Fair Value Gaps (FVG): Highlights price imbalances (gaps).
- Auto Threshold: Filters out tiny, insignificant gaps.
- Timeframe: Lets you see FVGs from a higher timeframe while staying on your current chart.
- Extend FVG: Projects the gap forward so you can see when price eventually returns to it.
📊 Context & Confluence
- Highs & Lows MTF: Plots the previous Daily, Weekly, and Monthly highs/lows. These are "magnet" levels where price often reacts.
- Premium/Discount Zones: Divides a trading range into three parts:
- Premium: Price is expensive (look for Sells).
- Equilibrium: Fair value.
- Discount: Price is cheap (look for Buys).
- Confluence Filter: A "smart" toggle that hides weak structure breaks, only showing you moves that have high momentum or volume behind them.
Summary
AI summary
WeSmCPro is a Smart Money Concepts (SMC) trading indicator designed to automate technical analysis by identifying market structure, supply and demand zones, and liquidity areas. It offers two modes: Historical for backtesting and Present for live market structure visualization. The indicator distinguishes between internal (minor) and swing (major) trend structures, automatically labeling swing points such as higher highs, higher lows, lower highs, and lower lows.
Key features include detection of equal highs and lows to identify potential retail support and resistance zones, with filters to reduce false signals. It highlights order blocks—candles preceding significant moves where institutional orders may rest—and fair value gaps (price imbalances), with options to filter insignificant gaps, view higher timeframe gaps on the current chart, and extend gaps forward for tracking price return.
For broader context, WeSmCPro plots multi-timeframe daily, weekly, and monthly highs and lows, which often act as price magnets. It divides trading ranges into premium (expensive), equilibrium (fair value), and discount (cheap) zones to assist in identifying potential sell or buy areas. A confluence filter helps focus on strong structure breaks supported by momentum or volume. The indicator supports various markets including Forex, cryptocurrencies, indices, commodities, and stocks.
Key features include detection of equal highs and lows to identify potential retail support and resistance zones, with filters to reduce false signals. It highlights order blocks—candles preceding significant moves where institutional orders may rest—and fair value gaps (price imbalances), with options to filter insignificant gaps, view higher timeframe gaps on the current chart, and extend gaps forward for tracking price return.
For broader context, WeSmCPro plots multi-timeframe daily, weekly, and monthly highs and lows, which often act as price magnets. It divides trading ranges into premium (expensive), equilibrium (fair value), and discount (cheap) zones to assist in identifying potential sell or buy areas. A confluence filter helps focus on strong structure breaks supported by momentum or volume. The indicator supports various markets including Forex, cryptocurrencies, indices, commodities, and stocks.
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