OPEN-SOURCE SCRIPT
AS PRO Trendline Engine (SMC Style)
🧠 1. Trend Detection (SMA 9 + Candle Coloring)
The script calculates a 9-period Simple Moving Average (SMA 9).
Candles are colored based on price position:
Green → price above SMA (bullish trend)
Red → price below SMA (bearish trend)
👉 This acts as a basic trend filter.
⚡ 2. SMA 9 Cross Alerts
Generates signals when price:
Crosses above SMA 9 → potential bullish signal
Crosses below SMA 9 → potential bearish signal
👉 These are fast signals, but can be noisy without confirmation.
🧱 3. Market Structure (Pivots + Trendlines)
Detects:
Swing highs (pivot highs)
Swing lows (pivot lows)
Connects them to form:
Downtrend lines (high → high)
Uptrend lines (low → low)
Optionally draws parallel channels
👉 This represents market structure / price action geometry.
💥 4. Breakout Detection
Checks whether price breaks:
Above a trendline → bullish breakout
Below a trendline → bearish breakout
👉 Used for trend continuation or reversal signals.
📊 5. RSI Momentum Logic
Uses RSI (14) to detect:
Overbought → potential bearish reversal
Oversold → potential bullish reversal
👉 Mainly used for exit signals or momentum filtering.
🧬 6. EMA + SMA 200 (Higher-Timeframe Bias)
Includes:
EMA (short-term trend)
SMA 200 (long-term trend)
Generates signals when they cross.
👉 This acts as a macro trend filter.
🟩 7. Fair Value Gaps (FVG – SMC Core)
Detects inefficiencies between candles:
Bullish FVG → potential support zone
Bearish FVG → potential resistance zone
Tracks:
Creation of FVGs
Mitigation (when price fills the gap)
👉 This is the Smart Money / liquidity component of the script.
🚨 8. Alert System
The script includes alerts for:
SMA crosses
Trendline breakouts
RSI signals
EMA/SMA cross signals
FVG creation and mitigation
👉 However, each alert works independently, without a unified decision system.
🧩 What the Script Does Overall
It combines four key layers of analysis:
1. Trend
SMA 9
SMA 200
2. Momentum
RSI
3. Structure
Pivot-based trendlines
4. Liquidity
Fair Value Gaps (FVG)
⚠️ Key Limitation
The script produces many individual signals, but:
It does not prioritize them
It does not combine them
It does not generate a single high-quality trade decision
👉 In other words:
It’s a signal generator, not a decision engine.
The script calculates a 9-period Simple Moving Average (SMA 9).
Candles are colored based on price position:
Green → price above SMA (bullish trend)
Red → price below SMA (bearish trend)
👉 This acts as a basic trend filter.
⚡ 2. SMA 9 Cross Alerts
Generates signals when price:
Crosses above SMA 9 → potential bullish signal
Crosses below SMA 9 → potential bearish signal
👉 These are fast signals, but can be noisy without confirmation.
🧱 3. Market Structure (Pivots + Trendlines)
Detects:
Swing highs (pivot highs)
Swing lows (pivot lows)
Connects them to form:
Downtrend lines (high → high)
Uptrend lines (low → low)
Optionally draws parallel channels
👉 This represents market structure / price action geometry.
💥 4. Breakout Detection
Checks whether price breaks:
Above a trendline → bullish breakout
Below a trendline → bearish breakout
👉 Used for trend continuation or reversal signals.
📊 5. RSI Momentum Logic
Uses RSI (14) to detect:
Overbought → potential bearish reversal
Oversold → potential bullish reversal
👉 Mainly used for exit signals or momentum filtering.
🧬 6. EMA + SMA 200 (Higher-Timeframe Bias)
Includes:
EMA (short-term trend)
SMA 200 (long-term trend)
Generates signals when they cross.
👉 This acts as a macro trend filter.
🟩 7. Fair Value Gaps (FVG – SMC Core)
Detects inefficiencies between candles:
Bullish FVG → potential support zone
Bearish FVG → potential resistance zone
Tracks:
Creation of FVGs
Mitigation (when price fills the gap)
👉 This is the Smart Money / liquidity component of the script.
🚨 8. Alert System
The script includes alerts for:
SMA crosses
Trendline breakouts
RSI signals
EMA/SMA cross signals
FVG creation and mitigation
👉 However, each alert works independently, without a unified decision system.
🧩 What the Script Does Overall
It combines four key layers of analysis:
1. Trend
SMA 9
SMA 200
2. Momentum
RSI
3. Structure
Pivot-based trendlines
4. Liquidity
Fair Value Gaps (FVG)
⚠️ Key Limitation
The script produces many individual signals, but:
It does not prioritize them
It does not combine them
It does not generate a single high-quality trade decision
👉 In other words:
It’s a signal generator, not a decision engine.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.