Smart Money Essentials [TFO]
This indicator utilizes “Smart Money Concepts” like liquidity, order blocks, premium & discount, and more to analyze price action.
What’s included in the initial release:
Market structure logic objectively identifies whether the current trend is bullish or bearish, based on swing highs and lows. Liquidity levels offer insight into major pivots where we can assume many traders may place their stop loss, which can also serve as areas where “Smart Money” may be accumulating or distributing positions.
Displacement adds to this by spotting rapid price movement, often accompanied by imbalances where price may come back to before continuing in the direction of the displacement. These can be filtered based on whether the imbalance is accompanied by a Break of Structure (BOS) or Market Structure Shift (MSS), which may give additional insight into the draw on liquidity.
Order blocks (OB’s) are detected and treated as areas that may offer support for price in an uptrend or resistance in a downtrend. Premium and discount zones are essentially fitted by an “auto-fib” retracement that looks at recent liquidity levels, and optionally offers areas to look for an Optimal Trade Entry (OTE) where price retraces between 62-79% of the preceding displacement leg.
The confluence table provides an organized place to visualize and identify where any of the above concepts may be present at or around the same time. We can implement a threshold where, if the number of selected factors meets or exceeds this threshold, we can potentially identify bullish and bearish opportunities where multiple layers of confluence are overlapping.
And of course, alerts are built in for all significant events related to the above concepts, for example: runs on liquidity, BOS and MSS, rejections from OB and OTE, etc.
What’s included in the initial release:
- Market Structure
- Liquidity
- Displacement
- Order Blocks
- Premium / Discount
- Confluence Table
- Alerts
Market structure logic objectively identifies whether the current trend is bullish or bearish, based on swing highs and lows. Liquidity levels offer insight into major pivots where we can assume many traders may place their stop loss, which can also serve as areas where “Smart Money” may be accumulating or distributing positions.
Displacement adds to this by spotting rapid price movement, often accompanied by imbalances where price may come back to before continuing in the direction of the displacement. These can be filtered based on whether the imbalance is accompanied by a Break of Structure (BOS) or Market Structure Shift (MSS), which may give additional insight into the draw on liquidity.
Order blocks (OB’s) are detected and treated as areas that may offer support for price in an uptrend or resistance in a downtrend. Premium and discount zones are essentially fitted by an “auto-fib” retracement that looks at recent liquidity levels, and optionally offers areas to look for an Optimal Trade Entry (OTE) where price retraces between 62-79% of the preceding displacement leg.
The confluence table provides an organized place to visualize and identify where any of the above concepts may be present at or around the same time. We can implement a threshold where, if the number of selected factors meets or exceeds this threshold, we can potentially identify bullish and bearish opportunities where multiple layers of confluence are overlapping.
And of course, alerts are built in for all significant events related to the above concepts, for example: runs on liquidity, BOS and MSS, rejections from OB and OTE, etc.
Release Notes:
- Improved OB logic
- Added an option for OB mitigation via the mean threshold
- Improved Breaker Block logic
- Removed option to force alert session (can simply set to 00:00-00:00 to include all times of day)
- Added an option for OB mitigation via the mean threshold
- Improved Breaker Block logic
- Removed option to force alert session (can simply set to 00:00-00:00 to include all times of day)
Release Notes:
- Initial implementation of Propulsion Blocks
- Added option to show when old OB's have been mitigated
- Breaker Blocks: tweaked logic, added alerts, and added to the Confluence Table
- Added option to show when old OB's have been mitigated
- Breaker Blocks: tweaked logic, added alerts, and added to the Confluence Table
Release Notes:
v1.3
- Added option to show OB's only using candle bodies (omitting wicks)
- Improved efficiency of Market Structure and Breaker Block logic to reduce load times
- Updated instructions to access private indicators
- Added option to show OB's only using candle bodies (omitting wicks)
- Improved efficiency of Market Structure and Breaker Block logic to reduce load times
- Updated instructions to access private indicators
Release Notes:
v1.3.1
- Minor fix to the option to show nearby liquidity
- Minor fix to the option to show nearby liquidity
Release Notes:
v1.3.2
- Increased selectivity and improved efficiency of the logic for Relative Equal Highs / Lows
- Increased selectivity and improved efficiency of the logic for Relative Equal Highs / Lows
Release Notes:
v1.4
- Added Multi-Time Frame (MTF) Structure, which can be viewed historically and/or through a summarized table, as well the ability to use MTF Structure in the confluence section in combination with all other major features
- Added Multi-Time Frame (MTF) Structure, which can be viewed historically and/or through a summarized table, as well the ability to use MTF Structure in the confluence section in combination with all other major features
Release Notes:
v1.5
- Added options to MTF Structure to highlight trending and neutral price action
- Added alerts for when MTF Structure changes
- Added options to MTF Structure to highlight trending and neutral price action
- Added alerts for when MTF Structure changes
Release Notes:
v1.5.1
- Bug fixes regarding the Confluence Table
- Bug fixes regarding the Confluence Table
Release Notes:
v1.5.2
- Bug fixes regarding MTF Structure in the Confluence section
- Bug fixes regarding MTF Structure in the Confluence section
Release Notes:
v1.6.0
- Added alerts for displacement
- Added FVG rejections
- Added a Killzone option to the Confluence section
- Improved how FVG's are utilized in the Confluence section
- Added alerts for displacement
- Added FVG rejections
- Added a Killzone option to the Confluence section
- Improved how FVG's are utilized in the Confluence section
Release Notes:
v1.7.0
- Added FVG Rejection alerts
- Added table text size options to both the MTF and Confluence tables
- Added "Strict" options to FVG and OB rejections. When turned on, rejections must occur strictly within the respective area. When turned off, price is allowed to slightly exceed the area (allows for more flexibility in the Confluence section)
- Fixed Breaker Block alerts (only bearish BB's were being alerted)
- Added FVG Rejection alerts
- Added table text size options to both the MTF and Confluence tables
- Added "Strict" options to FVG and OB rejections. When turned on, rejections must occur strictly within the respective area. When turned off, price is allowed to slightly exceed the area (allows for more flexibility in the Confluence section)
- Fixed Breaker Block alerts (only bearish BB's were being alerted)
Release Notes:
v1.8.0
- Added Standard Deviation Projections with filters to check if the projection levels align with points of interest such as Liquidity pivots, FVG CE/midpoint, and OB MT/midpoint
- Added Standard Deviation Projections with filters to check if the projection levels align with points of interest such as Liquidity pivots, FVG CE/midpoint, and OB MT/midpoint
Release Notes:
v1.9.0
- Added Premium & Discount to the confluence section, in addition to OTE
- Added Premium & Discount to the confluence section, in addition to OTE
Release Notes:
v1.10.0
- Breaker Blocks have been updated to act similarly to Order Blocks, with their boxes being extended until mitigated, rejections that can be filtered by the current trend, etc. The confluence section and alerts for Breaker Blocks have been updated to reflect these changes
- Standard Deviation Projections can now be filtered by Breaker Block mean thresholds, in addition to FVG, OB, and Liquidity
- Breaker Blocks have been updated to act similarly to Order Blocks, with their boxes being extended until mitigated, rejections that can be filtered by the current trend, etc. The confluence section and alerts for Breaker Blocks have been updated to reflect these changes
- Standard Deviation Projections can now be filtered by Breaker Block mean thresholds, in addition to FVG, OB, and Liquidity
Release Notes:
v1.11.0
- Added MTF Structure Statistics that describes how often MTF Structure experiences continuations (after neutral/conflicting structure), reversals, and the average trend streak before MTF MSS
- Added a color gradient view to MTF Structure, which visually describes how extended price is from its nearest invalidation point (MSS)
- Added an option to require that Breaker Blocks must take Liquidity pivots in order to be validated (versus only taking smaller, structural pivots)
- Improved Liquidity pivot detection (longer lookback)
- Added BSL and SSL labels when Show Nearby Liquidity is enabled
- Added MTF Structure Statistics that describes how often MTF Structure experiences continuations (after neutral/conflicting structure), reversals, and the average trend streak before MTF MSS
- Added a color gradient view to MTF Structure, which visually describes how extended price is from its nearest invalidation point (MSS)
- Added an option to require that Breaker Blocks must take Liquidity pivots in order to be validated (versus only taking smaller, structural pivots)
- Improved Liquidity pivot detection (longer lookback)
- Added BSL and SSL labels when Show Nearby Liquidity is enabled
Release Notes:
Updates to Author's Instructions for access. No version change
Release Notes:
v1.12.0
- Added a Confluence option to Wait for Rejections. With this enabled, price must form a local swing high/low in the selected POI (if any) in order to meet the Confluence criteria. This can serve as additional confirmation to see if price is potentially respecting said POI
- Removed the Confluence threshold to avoid confusion. It is now automatically calculated based on the selected Confluence factors
- Bug fixes
- Added a Confluence option to Wait for Rejections. With this enabled, price must form a local swing high/low in the selected POI (if any) in order to meet the Confluence criteria. This can serve as additional confirmation to see if price is potentially respecting said POI
- Removed the Confluence threshold to avoid confusion. It is now automatically calculated based on the selected Confluence factors
- Bug fixes
Release Notes:
v1.12.1
- Bug fixes
- Bug fixes
Release Notes:
v1.13.0
- Added Timeframe Continuity (TFC) as a major feature and a Confluence option that may be used in conjunction with all other major indicator features
- Added Timeframe Continuity (TFC) as a major feature and a Confluence option that may be used in conjunction with all other major indicator features
Release Notes:
v1.13.1
- Minor bug fixes regarding MTF Structure and TFC
- Minor bug fixes regarding MTF Structure and TFC
Release Notes:
SME v1.13.2
- Redesigned the Confluence Table for improved readability
- Removed Liquidity's dependency on Pivot Strength
- Improved FVG logic and Displacement Strength sensitivity
- Added the option to extend FVG boxes to the right until invalidated, like other POI
- Added the option to override the style of POI midlines and borders
- Redesigned the Confluence Table for improved readability
- Removed Liquidity's dependency on Pivot Strength
- Improved FVG logic and Displacement Strength sensitivity
- Added the option to extend FVG boxes to the right until invalidated, like other POI
- Added the option to override the style of POI midlines and borders
Release Notes:
v1.13.3
- Bug fixes regarding the Confluence Table
- Bug fixes regarding the Confluence Table
Release Notes:
v1.13.4
- Bug fixes regarding MTF Structure
- Bug fixes regarding MTF Structure
Release Notes:
v1.13.5
- Slight visual changes to Order Block Mitigation and MTF Structure History (Gradient)
- Slight visual changes to Order Block Mitigation and MTF Structure History (Gradient)
Release Notes:
v1.13.6
- Added alerts for the detection of a new FVG/OB/BB
- Added alerts for the detection of a new FVG/OB/BB
Release Notes:
v1.14.0
- Added the ability to use External Confluence Factors from other indicators
- Improved Order Block logic when using grouped candles
- Added the ability to use External Confluence Factors from other indicators
- Improved Order Block logic when using grouped candles
Release Notes:
v1.15.0
- Added Liquidity as a confluence factor (where price is trading relative to recently-raided BSL/SSL)
- Changed Standard Deviation Projection logic to use swing points instead of consecutive candle closes
- Bug fixes regarding FVG rejections
- General performance improvements
- Added Liquidity as a confluence factor (where price is trading relative to recently-raided BSL/SSL)
- Changed Standard Deviation Projection logic to use swing points instead of consecutive candle closes
- Bug fixes regarding FVG rejections
- General performance improvements
Release Notes:
v1.16.0
- Added new Indicator Preset options
- Added back the option to manually extend FVGs
- Added an option to distinguish how Liquidity is used as confluence
- Added new Indicator Preset options
- Added back the option to manually extend FVGs
- Added an option to distinguish how Liquidity is used as confluence