OPEN-SOURCE SCRIPT
Updated Rell SMI v4.7 Premium
Full breakdown link: https://rellsmi.com/
My Profile: https://guns.lol/c4r3ll
Rell SMI v4.7 Premium is a TradingView market intelligence system built to read structure, liquidity, momentum, VWAP position, trend strength, volume pressure, and session participation as one coordinated decision layer.
Instead of blindly firing buy and sell prompts, it grades the environment, measures confluence, highlights trap conditions, and turns noisy chart action into a readable market state.
My Profile: https://guns.lol/c4r3ll
Rell SMI v4.7 Premium is a TradingView market intelligence system built to read structure, liquidity, momentum, VWAP position, trend strength, volume pressure, and session participation as one coordinated decision layer.
Instead of blindly firing buy and sell prompts, it grades the environment, measures confluence, highlights trap conditions, and turns noisy chart action into a readable market state.
Release Notes
Rell SMI v4.7 Premium is a market state analysis engine that consolidates structural, liquidity, momentum, volatility, participation, and contextual data into a unified trading framework.The system is designed to identify the current operating environment of the market rather than predict future price movements. By evaluating trend quality, liquidity behavior, volume participation, VWAP positioning, premium-discount conditions, multi-timeframe alignment, and session-specific characteristics, Rell SMI provides traders with a high-level assessment of market quality and execution conditions.
The objective is to reduce analytical fragmentation by replacing multiple standalone indicators with a single coordinated decision layer. This allows traders to spend less time interpreting conflicting signals and more time focusing on risk management, trade selection, and execution quality.
Rell SMI does not function as a traditional signal service. Instead, it serves as a market intelligence dashboard that helps determine whether conditions favor participation, caution, observation, or avoidance while maintaining a clean and efficient chart environment.
Release Notes
bugs patchRelease Notes
bugs patchRelease Notes
Last patch until new version releasesOpen-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.