OPEN-SOURCE SCRIPT
Updated JRI SMC System v2
JRI SMC System v2 — Major Update
Clean rebuild from the ground up. Here’s what changed:
CHOCH — Now fires once per structural shift only. No more labels on every bar.
FVGs & Order Blocks — Hard capped at 3 each. Oldest zone auto-deletes when a new one forms. Chart stays clean.
Liquidity — Reduced to 2 clean dashed lines at all times. Auto-refreshes each bar.
Structure Labels — HH / HL / LH / LL only print on confirmed pivot bars. Not every candle.
Order Block Logic — Stricter filter. Impulse body must exceed the prior candle’s full range to qualify.
Entry Signals — Now requires score 7+, confirmed structure, confirmed CHOCH, price inside a zone, AND near liquidity simultaneously. Fewer signals, higher quality.
Built on the Powerhouse University 9-point confirmation checklist.
@ibarra_jojo
Clean rebuild from the ground up. Here’s what changed:
CHOCH — Now fires once per structural shift only. No more labels on every bar.
FVGs & Order Blocks — Hard capped at 3 each. Oldest zone auto-deletes when a new one forms. Chart stays clean.
Liquidity — Reduced to 2 clean dashed lines at all times. Auto-refreshes each bar.
Structure Labels — HH / HL / LH / LL only print on confirmed pivot bars. Not every candle.
Order Block Logic — Stricter filter. Impulse body must exceed the prior candle’s full range to qualify.
Entry Signals — Now requires score 7+, confirmed structure, confirmed CHOCH, price inside a zone, AND near liquidity simultaneously. Fewer signals, higher quality.
Built on the Powerhouse University 9-point confirmation checklist.
@ibarra_jojo
Release Notes
CHOCH now uses plotshape (no label stacking) · All signals gated by barstate.isconfirmed · ATR extracted to single variable · FVG detection uses candle[1] and candle[3] for cleaner gaps · TP labels reduced to T3 only · Max OBs default 2Open-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.