OPEN-SOURCE SCRIPT
Smart Money Engine PRO
Smart Money Engine PRO — Indicator Description
Smart Money Engine PRO is an advanced price action tool designed to visualize institutional market behavior directly on the chart.
The indicator combines several core Smart Money Concepts (SMC) into a single engine to help traders better understand market structure, liquidity dynamics, and institutional trading zones.
Instead of using multiple indicators, Smart Money Engine PRO integrates key components such as Market Structure, Order Blocks, Liquidity Zones, Fair Value Gaps, Premium/Discount areas, and Liquidity Sweeps into one unified system.
This allows traders to read the market more clearly and identify potential high-probability trading areas.
1. Market Structure
The indicator automatically detects and marks the current market structure.
Key concepts include:
BOS (Break of Structure)
Indicates that the existing trend is continuing.
CHoCH (Change of Character)
Signals a potential trend reversal.
By visualizing these structure changes on the chart, traders can quickly determine whether the market is continuing a trend or transitioning into a new one.
2. Order Blocks
Smart Money Engine PRO identifies potential institutional order block zones.
These zones represent areas where large market participants may have placed significant orders.
Typical examples include:
• The last strong bullish candle before a major drop → Bearish Order Block
• The last strong bearish candle before a strong rally → Bullish Order Block
Price often revisits these areas and reacts to them, making them important levels for potential entries or reversals.
3. Liquidity Zones
Liquidity zones highlight areas where stop losses are likely concentrated.
Common liquidity areas include:
• Equal Highs
• Equal Lows
These zones are important because institutional traders often collect liquidity before initiating the real market move.
Smart Money Engine PRO helps visualize these areas so traders can better anticipate potential liquidity grabs.
4. Fair Value Gaps (FVG)
Fair Value Gaps represent areas where price moves very quickly, leaving behind a temporary imbalance in the market.
These zones often act as price inefficiencies.
In many cases, price tends to return to these areas to rebalance before continuing its move.
The indicator highlights these imbalances directly on the chart for easier identification.
5. Premium & Discount Zones
Within a defined price range, the indicator divides the market into two zones:
Premium Zone (Upper 50%)
Typically considered a potential selling area.
Discount Zone (Lower 50%)
Often considered a potential buying area.
According to Smart Money Concepts:
• Discount → Long bias
• Premium → Short bias
This helps traders align entries with institutional positioning logic.
6. Liquidity Sweeps
The indicator can also detect potential liquidity sweeps.
This occurs when:
Price breaks a recent high or low
Stops are triggered
Price quickly reverses
These events often represent fake breakouts or stop hunts, which can lead to strong moves in the opposite direction.
Smart Money Engine PRO is an advanced price action tool designed to visualize institutional market behavior directly on the chart.
The indicator combines several core Smart Money Concepts (SMC) into a single engine to help traders better understand market structure, liquidity dynamics, and institutional trading zones.
Instead of using multiple indicators, Smart Money Engine PRO integrates key components such as Market Structure, Order Blocks, Liquidity Zones, Fair Value Gaps, Premium/Discount areas, and Liquidity Sweeps into one unified system.
This allows traders to read the market more clearly and identify potential high-probability trading areas.
1. Market Structure
The indicator automatically detects and marks the current market structure.
Key concepts include:
BOS (Break of Structure)
Indicates that the existing trend is continuing.
CHoCH (Change of Character)
Signals a potential trend reversal.
By visualizing these structure changes on the chart, traders can quickly determine whether the market is continuing a trend or transitioning into a new one.
2. Order Blocks
Smart Money Engine PRO identifies potential institutional order block zones.
These zones represent areas where large market participants may have placed significant orders.
Typical examples include:
• The last strong bullish candle before a major drop → Bearish Order Block
• The last strong bearish candle before a strong rally → Bullish Order Block
Price often revisits these areas and reacts to them, making them important levels for potential entries or reversals.
3. Liquidity Zones
Liquidity zones highlight areas where stop losses are likely concentrated.
Common liquidity areas include:
• Equal Highs
• Equal Lows
These zones are important because institutional traders often collect liquidity before initiating the real market move.
Smart Money Engine PRO helps visualize these areas so traders can better anticipate potential liquidity grabs.
4. Fair Value Gaps (FVG)
Fair Value Gaps represent areas where price moves very quickly, leaving behind a temporary imbalance in the market.
These zones often act as price inefficiencies.
In many cases, price tends to return to these areas to rebalance before continuing its move.
The indicator highlights these imbalances directly on the chart for easier identification.
5. Premium & Discount Zones
Within a defined price range, the indicator divides the market into two zones:
Premium Zone (Upper 50%)
Typically considered a potential selling area.
Discount Zone (Lower 50%)
Often considered a potential buying area.
According to Smart Money Concepts:
• Discount → Long bias
• Premium → Short bias
This helps traders align entries with institutional positioning logic.
6. Liquidity Sweeps
The indicator can also detect potential liquidity sweeps.
This occurs when:
Price breaks a recent high or low
Stops are triggered
Price quickly reverses
These events often represent fake breakouts or stop hunts, which can lead to strong moves in the opposite direction.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.