Description
SMC Ultimate Signals is a Smart Money Concepts indicator for cTrader that automatically identifies key market structure elements directly on your chart.
It detects Break of Structure (BOS) and Change of Character (CHoCH) by tracking confirmed swing highs and lows β a swing is only valid when a configurable number of bars on both sides confirm the pivot. A bullish BOS or CHoCH occurs when price breaks above the last swing high; bearish when it breaks below the last swing low. The difference between BOS and CHoCH depends on the current trend state: a break in the trend direction is a BOS, a break against it signals a CHoCH (trend reversal).
The indicator also marks Equal Highs (EQH) and Equal Lows (EQL) when two consecutive swing points fall within a configurable pip tolerance, hinting at liquidity pools.
Supply and Demand Zones are automatically drawn around the swing high or low that triggered a structure break. You can choose to display only the most recent supply and/or demand zone to keep the chart clean, and optionally extend all zones to the right edge of the chart.
Key parameters:
- Swing Length β confirmation bars on each side
- EQ Tolerance β pip distance for EQH/EQL detection
- Max Bars β limit processing to the last N bars for performance
- Zone Opacity & Extension β fine-tune visual appearance
- Toggle BOS, CHoCH, EQH/EQL, zones, and swing markers independently
Summary
Additionally, it marks Equal Highs (EQH) and Equal Lows (EQL) when consecutive swing points fall within a configurable pip tolerance, indicating potential liquidity pools. The indicator also automatically draws supply and demand zones around swing points that triggered structure breaks, with options to display only the most recent zones and extend them visually across the chart.
Key configurable parameters include swing length for pivot confirmation, equal high/low tolerance, maximum bars processed for performance, zone opacity and extension, and independent toggles for BOS, CHoCH, EQH/EQL, zones, and swing markers. The indicator provides visual signals to assist traders in analyzing market structure shifts and key levels.
