AseAlgo

SMC Toolkit |ASE|

AseAlgo Updated   
This indicator provides 10+ features all-in-one. Focusing on price action and Smart Money concepts, we have provided automated multi-timeframe features such as Market Structure(BOS / CHoCH) to identify trends, Fair Value Gaps to identify Imbalances, and much more.

Pure price action analysis is a preferred strategy over indicators due to their lag and noise. Many traders popularized SMC or “Smart Money” concepts to identify and trade like/with institutions or Smart Money traders. We have automated these features and made them multi-timeframe to simplify your charting process and advance your trading so you can efficiently trade.

Features:
The included price action features are listed below:
- Multi-Timeframe Market Structure (BOS, CHoCH, MSS, IDM)
- Trend based Candle Coloring
- Multichart (Extra time frame on the same chart)
- Multi-Timeframe Fair Value Gaps & Balanced Price Ranges
- Trapped Market Participants (Multi-Time Frame based on Orderblocks)
- SMT Divergences
- Volume Imbalances
- Premium Discount Array
- Displacement Candles
- Previous OHLC (Daily, Weekly, Monthly)
- VWAP and Std.Dev. Waves
<Check updates below for all current features>

Benefits & Examples:

In the image below we can see plenty of trade setups that formed in confluence with the features we were using. Displayed we have higher timeframe FVGs as our point of interests, Market Structure (Trend Bar Coloring) as our entry confirmation, and Liquidity Levels as our targets.

In this image we can see the same setup as before, higher timeframe FVG with Market Structure reversal targeting a Liquidity Level. In addition we can see the Trapped Market Participants feature showing trapped sellers at the low which provides additional confluence for our long position and offers a cleaner and safer entry on the pullback.

Our goal is to provide as many useful features as possible, automating the process to make it easier and quicker for us as traders. We want to spend less time charting and more time planning proper trades.
Release Notes:
Version 1.1
  • Added NEW feature 'NWOG'
  • Updated Market Structure Text to its respective color
  • Fixed Issue with Daily Prem/Disc Array
  • Fixed issue with data label
  • Changed SMT to only current TF for more accurate plotting
Release Notes:
Version 1.2
  • Market Structure Trend Dashboard New Feature
Release Notes:
Version 1.3
  • Added New Feature "Sessions"
  • Auto updates Current & Liquidity Structure timeframe when the timeframe input is lower than your chart timeframe
Release Notes:
Version 1.3.1
  • Small addition to auto update timeframe

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact AseAlgo for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

Visit asealgo.com to learn more!

Want to use this script on a chart?

Warning: please read before requesting access.