The SMC Structures and FVG indicator allows the user to easily identify trend continuations (Break Of Structure) or trend changes (CHange Of CHaracter) on any time frame. In addition, it display all FVG areas, whether they are bullish, bearish, or even mitigated.
Fair Value Gap :
The FVG process shows every bullish, bearish or even mitigated FVG liquidity area. When a FVG is fully mitigated it will directly be removed of the chart. There is an history of FVG to show. By selecting specific number of FVG to show in the chart, the user can focus its analysis on lasts liquidity area.
Here's the rules for FVG color :
Green when it's a bullish FVG and has not been mitigated
Red when it's a bearish FVG and has not been mitigated
Gray when the bullish / bearish FVG has been mitigated
Removed when the FVG has been fully mitigated
Structures analysis:
The Structure process show BOS in grey lines and CHoCH in yellow lines. It shows to the user the lasts price action pattern. The blue lines are the high value and the low value of the current structure.
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Adding the "Reduce mitigated FVG" parameter
User can check this parameter to reduce mitigated FVG area. This will show exactly where is FVG that has not been mitigated on the chart. The mitigated FVG color is still grey.
This new parameter is disabled by default but can be enabled at any time
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Adding alerts when FVG is mitigated
With this new feature, user can add an alert directly from the indicator. It will be sent when a FVG area has been mitigated.
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Set bullish and bearish BOS/CHoCH color
With this new feature, user can now change BOS and CHoCH color compared to its direction (bullish or bearish).
With this new version, there can now be up to 4 different colors during a structure change.
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Adding Fibonacci retracement levels of the current structure
In this new version, the user can display up to 5 Fibonacci retracement levels that will be applied to the current structure.
The user can also modify the value, color, style, and thickness of the line associated to each retracement.
The default values are as follows: 0.786, 0.705, 0.618, 0.5, and 0.382.
I don't know how to thank you ^^ Thank you for not letting me down and for sharing this beautiful indicator. I will be eagerly waiting for your new indicators.
LudoGH68
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@bymeoman, Thanks a lot for your comment. It's always a pleasure to help users get acquainted with my indicators. It's also important for me to be attentive and add new features or potential fixes based on feedback.
abdul7625
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hello sir thank you for this superb indicator can you please add a feature like inducement candles like when a candle sweep previous candle hi lo both side. thank you again
Absinthan
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Thank you for creating such a great indicator. I have a suggestion: the old/fully mitigated FVGs are also important to understand what happened on the left side of the chart. Could you give an option to keep them visible? Really appreciate your work. :D
nsrnikhilrana
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Thanks for this beautiful indicator. It helps me alot. Can you also create a scanner to find stocks which taps FVG on daily and weekly chart?
Indyan
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Kindly fix this , even enable disable break with candle body not making any changes
Thanks
ktrading2024
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Powerful indicator, thanks x share mate!
LudoGH68
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@Kewen_Analisis, Thanks for your comment ! Appreciated it
CorB33n
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Hi there, fantastic job ! One suggestion : add pip parameter for refining real BOS. For example, if bos with candle close is just 8 pips, make it invalid until defined parameter (15 pips m15, 40 pips h4, 100 pips daily). Dunno if I'm clear. Edit: and custom parameter for CHoCH and BoS, wick/candle. Example, I use wick for CH and candle for BOS. Thanks ! Thanks again !
Indyan
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Many thanks for publishing such a wonderful script....❤️🙏 Is it possible to make it dual market structure? one at htf (external) and another is same this one as internal
Thank you for not letting me down and for sharing this beautiful indicator.
I will be eagerly waiting for your new indicators.