OPEN-SOURCE SCRIPT
Updated JRI SMC v17
THE 7 CONDITIONS YOUR INDICATOR CHECKS
1. Bias — Is the market structure bullish (HH+HL) or bearish (LH+LL)?
2. In Zone — Is price inside a confirmed supply or demand zone?
3. BOS — Did price break a recent structure level in your direction?
4. Retest — Did price come back and test that broken level?
5. vs VWAP — Is price above VWAP for buys, below for sells?
6. EMA Stack — Is EMA 20 above EMA 50 for buys, below for sells?
7. RSI — Is RSI above 50 for buys, below 50 for sells?
All 7 pointing the same direction means institutions are aligned with your trade. That’s when you pull the trigger.
1. Bias — Is the market structure bullish (HH+HL) or bearish (LH+LL)?
2. In Zone — Is price inside a confirmed supply or demand zone?
3. BOS — Did price break a recent structure level in your direction?
4. Retest — Did price come back and test that broken level?
5. vs VWAP — Is price above VWAP for buys, below for sells?
6. EMA Stack — Is EMA 20 above EMA 50 for buys, below for sells?
7. RSI — Is RSI above 50 for buys, below 50 for sells?
All 7 pointing the same direction means institutions are aligned with your trade. That’s when you pull the trigger.
Release Notes
KEY LEVEL INTERVAL — SET IN SETTINGSGold / XAUUSD
100 (shows 4500, 4600, 4700...)
NQ / MNQ
500 (shows 27000, 27500, 28000...)
YM / MYM Dow
1000 (shows 41000, 42000...)
ES / MES S&P
100 (shows 5400, 5500...)
BTC / MBT
5000 (shows 85000, 90000...)
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.
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.
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.