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Smart Money Concepts Probability Indicator

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Smart Money Concepts Probability Indicator

Summary:

  • The Smart Money Concept Probability indicator was made to track the actions of institutional investors or "smart money". The indicator calculates the probability of three important events: Change of Character (CHoCH), Shift in Market Structure (SMS), and Break of Structure (BMS). The indicator backtests with the same settings and displays the historical performance of the results and displays them in a table.

Example:
Smart Money Concepts Probability Indicator in TradingView - Pine Script Indicators_topic=4128

User Inputs:

  • Structure Period
  • Structure Response

Availability:




Linkback: https://www.forex.zone/tradingview-pine-script-indicators/41/smart-money-concepts-probability-indicator/4128/
#1 - May 20, 2023, 12:20:38 PM
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« Last Edit: May 24, 2024, 12:50:17 AM by Admin »

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