OPEN-SOURCE SCRIPT
RDZ PRO SMC
**RDZ PRO SMC – Smart Money Concepts Trading Indicator**
RDZ PRO SMC is a Smart Money Concepts (SMC) market structure indicator designed to help traders identify key price action areas, liquidity events, and potential trade opportunities.
The indicator combines multiple SMC concepts into one clean chart tool:
• **Market Structure**
* Higher Highs (HH)
* Higher Lows (HL)
* Lower Highs (LH)
* Lower Lows (LL)
* Break of Structure (BOS)
* Change of Character (CHOCH)
• **Liquidity Analysis**
* Previous Day High/Low
* Previous Week High/Low
* Previous Month High/Low
* Liquidity sweep detection
• **Fair Value Gaps (FVG)**
* Bullish and bearish imbalance zones
* Automatic FVG box marking
* Optional mitigation removal
* Consequent Encroachment (CE) levels
• **Multi-Timeframe Analysis**
* Higher timeframe bias
* Lower timeframe confirmation
* Designed for traders using top-down analysis
• **Entry Assistance**
* BUY and SELL signals based on structure confirmation, trend bias, and imbalance conditions
* Alerts available for BOS, CHOCH, FVG, and entry signals
RDZ PRO SMC is designed for traders who use price action, liquidity concepts, and institutional-style market analysis. It is not a standalone trading system and should be combined with proper risk management and personal trading rules.
Best suited for futures, indices, forex, and crypto markets.
RDZ PRO SMC is a Smart Money Concepts (SMC) market structure indicator designed to help traders identify key price action areas, liquidity events, and potential trade opportunities.
The indicator combines multiple SMC concepts into one clean chart tool:
• **Market Structure**
* Higher Highs (HH)
* Higher Lows (HL)
* Lower Highs (LH)
* Lower Lows (LL)
* Break of Structure (BOS)
* Change of Character (CHOCH)
• **Liquidity Analysis**
* Previous Day High/Low
* Previous Week High/Low
* Previous Month High/Low
* Liquidity sweep detection
• **Fair Value Gaps (FVG)**
* Bullish and bearish imbalance zones
* Automatic FVG box marking
* Optional mitigation removal
* Consequent Encroachment (CE) levels
• **Multi-Timeframe Analysis**
* Higher timeframe bias
* Lower timeframe confirmation
* Designed for traders using top-down analysis
• **Entry Assistance**
* BUY and SELL signals based on structure confirmation, trend bias, and imbalance conditions
* Alerts available for BOS, CHOCH, FVG, and entry signals
RDZ PRO SMC is designed for traders who use price action, liquidity concepts, and institutional-style market analysis. It is not a standalone trading system and should be combined with proper risk management and personal trading rules.
Best suited for futures, indices, forex, and crypto markets.
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.