Description
The “FluidTrades – SMC SIGNALS” is a TradingView indicator designed to help traders identify and trade based on Smart Money Concepts (SMC). It incorporates elements like supply/demand zones, Break of Structure (BOS), and points of interest (POI), along with Fibonacci pivot points calculated on the selected timeframe. The indicator also includes features like alerts for buy/sell signals, BOS/MSS alerts, and risk management tools.
Key Features:
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(SMC):The core of the indicator revolves around identifying and trading based on SMC principles, which involve understanding how institutional traders operate and where they place their orders.
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Supply and Demand Zones:The indicator identifies and highlights potential areas of supply and demand on the chart, which can be used as key levels for trading.
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CHOCHThe indicator marks BOS and CHoCH events, which are significant shifts in market structure that can indicate potential trading opportunities.
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Points of Interest (POI):POIs are areas on the chart where price action is likely to react, often coinciding with supply/demand zones or other key levels.The indicator calculates Fibonacci pivot points based on the chosen timeframe, providing additional levels of support and resistance.
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Alerts:The indicator provides alerts for various events, including buy/sell signals, BOS/MSS alerts, and other relevant SMC signals.
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Risk Management:The indicator includes features to help with risk management, such as stop-loss and take-profit levels, and a risk-reward ratio calculation.
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Customization:Users can customize various aspects of the indicator, including visual elements (colors, line styles, etc.), and the timeframe used for calculations.
How it Works:
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1. Market Structure Analysis:The indicator analyzes market structure, identifying key levels like BOS, CHoCH, and POIs.
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2. Supply and Demand Identification:It identifies and highlights potential supply and demand zones.
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3. Alert Generation:When specific conditions are met (e.g., price breaking above a demand zone with a buy signal), the indicator generates alerts.
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4. Risk Management:The indicator suggests stop-loss and take-profit levels, and calculates the risk-reward ratio, helping traders manage their risk.
In Essence: The FluidTrades – SMC SIGNALS indicator aims to provide traders with a comprehensive tool for identifying and trading SMC concepts, incorporating various features to enhance their trading decisions and risk management.
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