OPEN-SOURCE SCRIPT
Elite Ultimate SMC PRO - Probability Engine
Description:
Overview:
This indicator is a comprehensive Smart Money Concepts (SMC) engine designed to filter noise and identify high-probability trade setups. By combining market structure analysis with momentum and trend filters, the engine generates a dynamic "Probability Score" (0-100).
How it works:
The script evaluates four core market conditions before triggering an entry signal:
1-Market Structure: Identifies swing highs and lows using custom lookback periods.
2-Momentum (Stochastic): Monitors overbought/oversold conditions to avoid entering late.
3-Money Flow (MFI): Confirms if the market volume supports the price move.
4-Trend Filter: Uses SMAs to ensure the trade is aligned with the broader trend.
Features:
1-Probability Score: Only shows signals that meet your customized threshold.
2-Automated Risk Management: Automatically calculates and plots SL (Stop Loss) and TP (Take Profit) levels based on ATR (Average True Range).
3-FVG Detection: Visualizes Fair Value Gaps on the chart to identify areas of price inefficiency.
Settings:
1-Score Threshold: Adjust the sensitivity of the signals (Default 70).
2-Swing Lookback: Change to suit your preferred timeframe (Intraday vs. Swing).
3-ATR Multipliers: Customize your Risk/Reward ratio for TP1 and TP2.
Usage Tips:
1-Works best on 1H/4H timeframes.
2-Use the "Score" on the label to gauge the strength of the setup.
3-Always combine with your own market analysis.
Disclaimer: This indicator is for educational purposes only and does not constitute financial advice. Always perform your own due diligence.
BY ANDREHAN
Overview:
This indicator is a comprehensive Smart Money Concepts (SMC) engine designed to filter noise and identify high-probability trade setups. By combining market structure analysis with momentum and trend filters, the engine generates a dynamic "Probability Score" (0-100).
How it works:
The script evaluates four core market conditions before triggering an entry signal:
1-Market Structure: Identifies swing highs and lows using custom lookback periods.
2-Momentum (Stochastic): Monitors overbought/oversold conditions to avoid entering late.
3-Money Flow (MFI): Confirms if the market volume supports the price move.
4-Trend Filter: Uses SMAs to ensure the trade is aligned with the broader trend.
Features:
1-Probability Score: Only shows signals that meet your customized threshold.
2-Automated Risk Management: Automatically calculates and plots SL (Stop Loss) and TP (Take Profit) levels based on ATR (Average True Range).
3-FVG Detection: Visualizes Fair Value Gaps on the chart to identify areas of price inefficiency.
Settings:
1-Score Threshold: Adjust the sensitivity of the signals (Default 70).
2-Swing Lookback: Change to suit your preferred timeframe (Intraday vs. Swing).
3-ATR Multipliers: Customize your Risk/Reward ratio for TP1 and TP2.
Usage Tips:
1-Works best on 1H/4H timeframes.
2-Use the "Score" on the label to gauge the strength of the setup.
3-Always combine with your own market analysis.
Disclaimer: This indicator is for educational purposes only and does not constitute financial advice. Always perform your own due diligence.
BY ANDREHAN
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.