This overlay indicator finds pivot highs and lows on the price chart and compares the last two highs and the last two lows. When the percentage difference between a pair is below the Equal HL threshold, it treats them as equal levels and draws a box. Left and
Indicator · Pine Script v5 · On the chart
SMC Lite
A lightweight Pine v5 smart money overlay with Spanish labels.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code584
Settings13inputs
LicenceNone stated
Last update1 year ago10 Dec 2024
Add It to Your TradingView Chart
- 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
SMC Lite draws swing highs and lows and can show a zig-zag line and price action labels. From those swings it marks supply and demand boxes, tags break of structure and points of interest, and keeps a chosen number of past demand zones. Settings include swing length, history count, box width and colors. The zig-zag and labels are off by default. It does not issue trade orders.
- Swing high and low detection
- Supply and demand boxes
- Break of structure and point of interest labels
- Optional zig-zag line
Details
Published by
munlit on GitHub
Type
Draws
On the price chart
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Mostrar Zig Zag | bool | false | smcLiVarShowZigzag |
| Mostrar Price Action | bool | false | smcLiVarShowPriceActionLabels |
| Linea | color | color.new(BrLiYel40, 40) | smcLiColorZigZag |
| Texto | color | color.new(AllenSky50, 40) | smcLiColorSwingType |
| Oferta | color | color.new(AllenWine50, 75) | smcLiColorSupply |
| Contorno | color | color.new(AllenWine50, 88) | smcLiColorSupplyOutline |
| Demanda | color | color.new(ARoPrimary, 75) | smcLiColorDemand |
| Contorno | color | color.new(ARoPrimary, 88) | smcLiColorDemandOutline |
| BOS Texto | color | color.new(MongoSky10, 100) | smcLiColorBOSLabel |
| POI Texto | color | color.new(MongoSky10, 20) | smcLiColorPOILabel |
| Longitud de Oscilación High/Low | int | 10 | smcLiVarSwingLength |
| Historico | int | 20 | smcLiVarHistoryDemandKeep |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Box de oferta y demanda | float | 2.5 | smcLiVarBoxWidth |
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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