Plots Smart Money Concepts (SMC) elements directly on the price chart, including fractal-based market structures such as Break of Structure (BOS) and Change of Character (ChoCH).
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Advance SMC tracks dynamic support and resistance levels, detects bullish and bearish Fair Value Gaps (FVG), and provides Consequent Encroachment (CE) levels. Configurable inputs allow filtering structures, toggling FVG mitigation rules, and displaying an optional statistics dashboard.
Fractal-based BOS and ChoCH market structure detection
Dynamic support and resistance level tracking
Bullish and bearish Fair Value Gaps (FVG) with CE levels
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
length
int
5
length
Bullish Structures
bool
true
showBull
bullCss
color
#089981
bullCss
Bearish Structures
bool
true
showBear
bearCss
color
#f23645
bearCss
Support
bool
false
showSupport
supCss
color
#089981
supCss
Resistance
bool
false
showResistance
resCss
color
#f23645
resCss
Show Dashboard
bool
false
showDash
Location
string
Top Right
dashLoc
Size
string
Small
textSize
Show all 40 settings
Setting
Type
Default
Variable
number of days lookback
int
7
numDays
'UP' FVGs:
bool
true
showUP
colUp
color
color.new(#2195f3, 95)
colUp
'DOWN' FVGs:
bool
true
showDN
colDn
color
color.new(#ff9900, 95)
colDn
show CE
bool
true
showCE
| color:
color
color.new(#363a45, 95)
ceCol
| style:
string
line.style_dotted
ceStyle
delete filled boxes & lines
bool
true
deleteFilledBoxes
Use CE (as opposed to Full Fill)
bool
true
CEcond
Key Vaule. 'This changes the sensitivity'
int
2
a
ATR Period
int
1
c
Signals from Heikin Ashi Candles
bool
false
h111
FVG Level
color
color.teal
bullCss1
Area
color
color.new(color.teal, 50)
bullAreaCss
Mitigated
color
color.new(color.teal, 80)
bullMitigatedCss
FVG Level
color
color.red
bearCss1
Area
color
color.new(color.red, 50)
bearAreaCss
Mitigated
color
color.new(color.red, 80)
bearMitigatedCss
Cooldown Period
int
10
cooldownPeriod
Show Swings?
bool
true
showSwing
swingClr
color
color.new(color.orange, 0)
swingClr
Line Width:
int
1
bullWidth
Line Style:
string
Dashed
bullStyle
Bullish Color:
color
color.new(color.teal, 0)
bullColor
Line Width:
int
1
bearWidth
Line Style:
string
Dashed
bearStyle
Bearish Color:
color
color.new(color.maroon, 0)
bearColor
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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