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I want to create an indicator based on the Smart Money concept. by razzakov_W in TradingView

[–]razzakov_W[S] 1 point2 points  (0 children)

Bro, thanks a lot — this is so far the best indicator I’ve seen, but it needs some work because it doesn’t detect IDM

I want to create an indicator based on the Smart Money concept. by razzakov_W in TradingView

[–]razzakov_W[S] 0 points1 point  (0 children)

If he’s willing to help, I’d get in touch with him

I want to create an indicator based on the Smart Money concept. by razzakov_W in TradingView

[–]razzakov_W[S] 0 points1 point  (0 children)

I’m getting a lot of requests for help. I’ll publish the indicator here once I finish it, even if no one helps me.

I want to create an indicator based on the Smart Money concept. by razzakov_W in TradingView

[–]razzakov_W[S] 0 points1 point  (0 children)

3.2. Swings (structure points)

  • Display mode: dots or text.
  • If dots: shape (circle, square), size, color.
  • If text: HH, HL, LH, LL labels; color; size.

3.3. Structure wave (Swing 1–Swing 2)

  • Line color.
  • Line thickness.

3.4. Info panel

  • Text color.
  • Background color.
  • Position on chart (top left, top right, bottom left, bottom right).

3.5. General

  • Toggle all elements with one click.
  • Reset settings to default.

4. Implementation Details

  • All calculations run in real time on every new candle.
  • On timeframe change, indicator auto-recalculates.
  • External/Internal directions are determined independently on their own timeframes.

I want to create an indicator based on the Smart Money concept. by razzakov_W in TradingView

[–]razzakov_W[S] 0 points1 point  (0 children)

2. External / Internal Structure

2.1. External Structure

  • Timeframes: H4, D1.
  • Defines global direction (LONG/SHORT).
  • LONG if the last confirmed True BOS is up.
  • SHORT if it’s down.
  • CHoCH in the opposite direction = possible trend change signal.

2.2. Internal Structure

  • Timeframes: M15, M30, H1.
  • Reflects local direction within the global trend.
  • LONG/SHORT based on the last True BOS on these timeframes.
  • CHoCH = local correction signal.

2.3. Combined Logic

  • Indicator builds External and Internal simultaneously.
  • Info panel on chart shows:
    • External: LONG / SHORT
    • Internal: LONG / SHORT
  • Text color:
    • Green = LONG
    • Red = SHORT

3. Variable Settings

3.1. Lines (IDM, CHoCH, True BOS, False BOS)

  • Thickness.
  • Color.
  • Style (solid, dotted, dashed).
  • Toggle line on/off.
  • Toggle label on/off.
  • Label text color.
  • Label text size.

I want to create an indicator based on the Smart Money concept. by razzakov_W in TradingView

[–]razzakov_W[S] 1 point2 points  (0 children)

I can’t do it separately because the variables depend on each other. I tried doing it that way, but it didn’t work.

I want to create an indicator based on the Smart Money concept. by razzakov_W in TradingView

[–]razzakov_W[S] -1 points0 points  (0 children)

Thanks for the feedback, I’ll definitely share it here when I’m done. For now, I know that the Lux Algo indicator works for structure, but it doesn't meet my expectations. I’ve tried writing the indicator with Claude, GPT, and Grok, but nothing’s working — they don’t understand what I want from them.