This overlay strategy plots previous-day high and low, the daily open, and fair value gap zones on the price chart. It takes entries on a selectable timeframe when the FVG requirement and an optional session window allow them, then uses an ATR or fixed pip sto
Strategy · Pine Script v5 · On the chart
SMC Strategy
SMC Strategy is a Pine Script v5 overlay strategy based on smart money concepts.
Repaints
GitHub stars10on the repository
Pine versionv5runs as is
Lines of code75
Settings2inputs
LicenceNone stated
Last update2 years ago26 Sep 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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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 Strategy flags market structure shifts from ten-bar highs and lows, draws bullish and bearish order blocks as rectangles when that option is on, and marks liquidity sweeps with short lines. Long entries follow a sweep below recent lows plus a bullish candle; short entries follow a sweep above recent highs plus a bearish candle. Stops and targets use the current bar range scaled by the risk-reward ratio. Signals can change before the bar closes.
- Bullish and bearish order block rectangles
- Liquidity sweep floor and ceiling lines
- Ten-bar market structure shift checks
- Risk-reward stop and take-profit exits
- Buy and sell labels on the chart
Details
Published by
tsunafire on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Order Blocks | bool | true | showOrderBlocks |
| Risk-Reward Ratio | float | 2.0 | riskRewardRatio |
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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