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Updated Smart Money Concepts [Riz]
Smart Money Concepts [Riz] is a comprehensive technical analysis tool for identifying institutional trading patterns and market structure. This indicator combines Smart Money Concepts (SMC), ICT methodology, and Wyckoff principles into one professional tool.
✨ KEY FEATURES
📊 VOLUMETRIC ORDER BLOCKS
• Visual representation of supply/demand zones with volume distribution
• Horizontal volume bars showing buy/sell composition inside each Order Block
• Automatic mitigation tracking
• Breaker Block detection (invalidated OBs acting as reversal zones)
• Strength rating system: ★ Weak, ★★ Medium, ★★★ Strong
• ATR-based size filtering to show only significant zones
📈 MARKET STRUCTURE DETECTION
• Break of Structure (BOS) and Change of Character (CHoCH) identification
• Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), Lower Lows (LL) labels
• Internal structure pivots (iH/iL) for intraday analysis
• Auto-adjusting swing length based on timeframe
• Configurable confirmation methods (Close vs Wick-based)
💎 FAIR VALUE GAPS (FVG)
• Automatic detection of bullish and bearish imbalances
• Configurable mitigation percentage (default 50%)
• Visual tracking until gaps are filled
• Separate color schemes for clarity
💧 LIQUIDITY ANALYSIS
• Buy Side Liquidity (BSL) identification at swing highs
• Sell Side Liquidity (SSL) identification at swing lows
• Automatic sweep detection with visual confirmation
• Real-time alerts when liquidity is taken
⚖️ PREMIUM & DISCOUNT ZONES
• Dynamic range calculation based on configurable lookback period
• Equilibrium (EQ) level identification
• Previous Day High (PDH) and Previous Day Low (PDL) levels
• Helps identify favorable entry zones
📊 REAL-TIME DASHBOARD
• Live statistics on all detected patterns
• Active Order Blocks and FVGs count
• BOS/CHoCH occurrence tracking
• Liquidity sweep counters
• Recent market activity indicators
• Current trend bias display
• Fully customizable position and size
⚙️ CUSTOMIZATION OPTIONS
All aspects are fully customizable:
• Swing Length (1-50 bars) with auto-adjust for timeframe
• Max Active Order Blocks (10-100)
• Volume bar position (Left/Right) with mirror option
• Volume bar width percentage (10-50%)
• ATR size filter for Order Blocks
• Strength rating method (Touches/Age/Distance/Volume/Combined)
• All colors and transparency levels
• Dashboard position (9 locations available)
• Comprehensive alert system for all events
🎓 HOW IT WORKS
ORDER BLOCKS: Identified at the last candle before a Break of Structure. These represent institutional supply and demand zones. Volume is estimated based on candle characteristics and displayed as horizontal bars.
MARKET STRUCTURE: Tracks pivot highs and lows to determine if price is making Higher Highs/Higher Lows (bullish structure) or Lower Highs/Lower Lows (bearish structure). BOS indicates trend continuation, while CHoCH signals potential trend reversal.
LIQUIDITY: Swing highs represent Buy Side Liquidity where short positions have their stop losses. Swing lows represent Sell Side Liquidity where long positions have stop losses. The indicator tracks when these levels are "swept" by price.
FAIR VALUE GAPS: Three-candle patterns where the current candle's range doesn't overlap with the candle two bars ago, creating price imbalances that often get filled later.
📚 BEST PRACTICES
• Use on all timeframes - Auto-adjust feature optimizes settings automatically
• Look for confluence - Best setups occur when multiple concepts align (e.g., Order Block + liquidity sweep + discount zone)
• Consider risk/reward - Use Premium/Discount zones to identify favorable entry areas
• Respect market context - Order Blocks in the direction of overall trend tend to be more reliable
• Volume matters - Higher volume percentages in the expected direction may indicate stronger zones
⚠️ IMPORTANT NOTES
EDUCATIONAL TOOL: This indicator is designed for analysis and education, not as trading signals or investment advice.
VOLUME ESTIMATION: Buy/sell volume distribution is estimated based on candle characteristics since true buy/sell volume data is not available in Pine Script.
NO GUARANTEES: Past performance is not indicative of future results. All trading involves substantial risk.
RISK MANAGEMENT: Always use proper risk management and seek additional confirmation before making trading decisions.
OBJECT LIMITS: On very fast timeframes (1m, 5m) in highly volatile markets, the indicator may approach Pine Script's 500-object limit. Reduce max OBs/FVGs in settings if needed.
🔧 TECHNICAL SPECIFICATIONS
• Pine Script Version: v6
• Indicator Type: Overlay (displays on price chart)
• Maximum Objects: Optimized to stay within Pine Script limits
• Performance: Efficient rendering with configurable history management
• Updates: Real-time on every bar close
📖 METHODOLOGY
This indicator combines concepts from:
• Inner Circle Trader (ICT) methodology
• Smart Money Concepts (SMC) framework
• Wyckoff market analysis principles
• Order flow and volume spread analysis
⚖️ DISCLAIMER
This indicator is for educational and informational purposes only. It is not financial advice. Trading financial instruments carries substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author assumes no responsibility for any losses incurred from using this indicator.
✨ KEY FEATURES
📊 VOLUMETRIC ORDER BLOCKS
• Visual representation of supply/demand zones with volume distribution
• Horizontal volume bars showing buy/sell composition inside each Order Block
• Automatic mitigation tracking
• Breaker Block detection (invalidated OBs acting as reversal zones)
• Strength rating system: ★ Weak, ★★ Medium, ★★★ Strong
• ATR-based size filtering to show only significant zones
📈 MARKET STRUCTURE DETECTION
• Break of Structure (BOS) and Change of Character (CHoCH) identification
• Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), Lower Lows (LL) labels
• Internal structure pivots (iH/iL) for intraday analysis
• Auto-adjusting swing length based on timeframe
• Configurable confirmation methods (Close vs Wick-based)
💎 FAIR VALUE GAPS (FVG)
• Automatic detection of bullish and bearish imbalances
• Configurable mitigation percentage (default 50%)
• Visual tracking until gaps are filled
• Separate color schemes for clarity
💧 LIQUIDITY ANALYSIS
• Buy Side Liquidity (BSL) identification at swing highs
• Sell Side Liquidity (SSL) identification at swing lows
• Automatic sweep detection with visual confirmation
• Real-time alerts when liquidity is taken
⚖️ PREMIUM & DISCOUNT ZONES
• Dynamic range calculation based on configurable lookback period
• Equilibrium (EQ) level identification
• Previous Day High (PDH) and Previous Day Low (PDL) levels
• Helps identify favorable entry zones
📊 REAL-TIME DASHBOARD
• Live statistics on all detected patterns
• Active Order Blocks and FVGs count
• BOS/CHoCH occurrence tracking
• Liquidity sweep counters
• Recent market activity indicators
• Current trend bias display
• Fully customizable position and size
⚙️ CUSTOMIZATION OPTIONS
All aspects are fully customizable:
• Swing Length (1-50 bars) with auto-adjust for timeframe
• Max Active Order Blocks (10-100)
• Volume bar position (Left/Right) with mirror option
• Volume bar width percentage (10-50%)
• ATR size filter for Order Blocks
• Strength rating method (Touches/Age/Distance/Volume/Combined)
• All colors and transparency levels
• Dashboard position (9 locations available)
• Comprehensive alert system for all events
🎓 HOW IT WORKS
ORDER BLOCKS: Identified at the last candle before a Break of Structure. These represent institutional supply and demand zones. Volume is estimated based on candle characteristics and displayed as horizontal bars.
MARKET STRUCTURE: Tracks pivot highs and lows to determine if price is making Higher Highs/Higher Lows (bullish structure) or Lower Highs/Lower Lows (bearish structure). BOS indicates trend continuation, while CHoCH signals potential trend reversal.
LIQUIDITY: Swing highs represent Buy Side Liquidity where short positions have their stop losses. Swing lows represent Sell Side Liquidity where long positions have stop losses. The indicator tracks when these levels are "swept" by price.
FAIR VALUE GAPS: Three-candle patterns where the current candle's range doesn't overlap with the candle two bars ago, creating price imbalances that often get filled later.
📚 BEST PRACTICES
• Use on all timeframes - Auto-adjust feature optimizes settings automatically
• Look for confluence - Best setups occur when multiple concepts align (e.g., Order Block + liquidity sweep + discount zone)
• Consider risk/reward - Use Premium/Discount zones to identify favorable entry areas
• Respect market context - Order Blocks in the direction of overall trend tend to be more reliable
• Volume matters - Higher volume percentages in the expected direction may indicate stronger zones
⚠️ IMPORTANT NOTES
EDUCATIONAL TOOL: This indicator is designed for analysis and education, not as trading signals or investment advice.
VOLUME ESTIMATION: Buy/sell volume distribution is estimated based on candle characteristics since true buy/sell volume data is not available in Pine Script.
NO GUARANTEES: Past performance is not indicative of future results. All trading involves substantial risk.
RISK MANAGEMENT: Always use proper risk management and seek additional confirmation before making trading decisions.
OBJECT LIMITS: On very fast timeframes (1m, 5m) in highly volatile markets, the indicator may approach Pine Script's 500-object limit. Reduce max OBs/FVGs in settings if needed.
🔧 TECHNICAL SPECIFICATIONS
• Pine Script Version: v6
• Indicator Type: Overlay (displays on price chart)
• Maximum Objects: Optimized to stay within Pine Script limits
• Performance: Efficient rendering with configurable history management
• Updates: Real-time on every bar close
📖 METHODOLOGY
This indicator combines concepts from:
• Inner Circle Trader (ICT) methodology
• Smart Money Concepts (SMC) framework
• Wyckoff market analysis principles
• Order flow and volume spread analysis
⚖️ DISCLAIMER
This indicator is for educational and informational purposes only. It is not financial advice. Trading financial instruments carries substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author assumes no responsibility for any losses incurred from using this indicator.
Release Notes
SMC v2.0 UpdateAdded Volumetric FVGs with buy/sell volume bars, Advanced Liquidity Grabs with WBR strength grading , and full OTE Fibonacci levels with 0.618-0.79 entry zone highlighting. All features include ATR filtering for cleaner charts.
Release Notes
Update : OTE now syncs with HH/HL swings instantly; ATR filter applies only on trend reversal.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.