OPEN-SOURCE SCRIPT
SMC Support/Resistance BOS RBS Strategy
This strategy combines Smart Money Concepts (SMC) with Support & Resistance trading to capture high-probability reversal and continuation setups.
Key features:
Break of Structure (BOS): Confirms market direction before entering trades.
Role Reversal (RBS): Trades levels that have flipped roles (Support → Resistance or Resistance → Support).
Support & Resistance: Uses pivot-based levels to identify key reaction zones.
Risk Management: Fixed 10% stop loss and 50% take profit, giving a strong 1:5 reward-to-risk ratio.
Long & Short Entries: Trades both bullish and bearish setups with clear confirmation rules.
✅ Works best on Forex, Crypto, and Indices
✅ Suitable for 1H, 4H, and Daily timeframes
✅ Focused on trend and reversal opportunities
Key features:
Break of Structure (BOS): Confirms market direction before entering trades.
Role Reversal (RBS): Trades levels that have flipped roles (Support → Resistance or Resistance → Support).
Support & Resistance: Uses pivot-based levels to identify key reaction zones.
Risk Management: Fixed 10% stop loss and 50% take profit, giving a strong 1:5 reward-to-risk ratio.
Long & Short Entries: Trades both bullish and bearish setups with clear confirmation rules.
✅ Works best on Forex, Crypto, and Indices
✅ Suitable for 1H, 4H, and Daily timeframes
✅ Focused on trend and reversal opportunities
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
📊 Full-Time Trader | TradingView Contributor
I share high-quality setups, breakdowns & learning resources.
Join my Telegram community for signals + mentorship.
t.me/+TVeqvp1L0WgyNjY0
BEST FOREX BROKER👇👇
vigco.co/la-com/HD0FxU8G
I share high-quality setups, breakdowns & learning resources.
Join my Telegram community for signals + mentorship.
t.me/+TVeqvp1L0WgyNjY0
BEST FOREX BROKER👇👇
vigco.co/la-com/HD0FxU8G
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
📊 Full-Time Trader | TradingView Contributor
I share high-quality setups, breakdowns & learning resources.
Join my Telegram community for signals + mentorship.
t.me/+TVeqvp1L0WgyNjY0
BEST FOREX BROKER👇👇
vigco.co/la-com/HD0FxU8G
I share high-quality setups, breakdowns & learning resources.
Join my Telegram community for signals + mentorship.
t.me/+TVeqvp1L0WgyNjY0
BEST FOREX BROKER👇👇
vigco.co/la-com/HD0FxU8G
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.