OPEN-SOURCE SCRIPT
rixler
The SMC (Smart Money Concepts) indicator is a technical analysis tool used by traders to analyze market structures, trends, and potential reversals based on principles of institutional trading behavior. It is rooted in the idea that large financial institutions, or "smart money," control substantial portions of the market and leave behind patterns that retail traders can follow. Here’s a breakdown of the indicator's primary components and functions
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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