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Smartmoneytrading

SMART MONEY - Trade OverviewThe fundamental idea behind the strategy that this indicator is used to trade, is that when a move in the market is larger than other recent moves, a move in the opposite direction to a degree of teh first move will often follow. Use this indicator with the "Smart Money - Trade Entry indicator" to show on the chart where Take Profit 1 (White), Take Profit 2 (Pink), Stop Loss (Grey) and Long & Short Entries (Blue and Red) are located. Adjusting the Entry and Take Profit settings allows for either an agressive, or reserved entry and take profit strategy. The stop loos can also be adjusted. All adjustemnts are in terms of a factor of the range of the bar in which they are placed. If using with "Smart Money - Trade Entry indicator, the settings should be adjusted together.
Pine Script® indicator
by regularjoetraders
11
1122
…999999

Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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