Smart money concept

The indicator tracks the smallest movements of price action. It can monitor and analyze market context, attempting to identify trends within each time frame.

If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.

If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.

Note di rilascio:

Update

Note di rilascio:

Update setting

Note di rilascio:

Introduce the "sweep" signal into the wave structure. In a downtrend, after the price has risen and a candle closes with a higher body than the previous one, forming a temporary bottom, and then the price continues to decrease but only the candle's wick breaks below the low, followed by an increase in price and candles with bodies breaking above the high of the downtrend, this creates a bottom sweep. In an uptrend, the opposite applies.

Note di rilascio:

Bug fixes

Note di rilascio:

Add the "imbalance zone," which is depicted as a blue box.

Note di rilascio:

Fixed bugs and added color options for Imbalance

Note di rilascio:

Add notification function when the candle closes price forms a High, Low or when the candle's wick crosses the High or Low

Note di rilascio:

Add a red line to indicate it is a CHOCH signal and notify the CHOCH signal

Note di rilascio:

Add the Orders block shown by the green box

Note di rilascio:

Updated top and bottom creation rules

Note di rilascio:

Fixed code error in determining bos points

Note di rilascio:

Fixed error in determining top and bottom creation positions

Note di rilascio:

Fix error in determining top and bottom

Note di rilascio:

Update CHoCH points (Change of Character)

Note di rilascio:

Fix the error of getting CHOCH position when there is a sweep

Note di rilascio:

Fix bug

Note di rilascio:

Update BOS position when candle wick breaks through