OPEN-SOURCE SCRIPT
SMC Indicator
1 Order Block Detection:
Identifies bullish and bearish order blocks by looking for significant highs and lows over a specified lookback period.
2 Break of Structure (BOS):
Sets up alerts for Break of Structure when there is a new high (for bullish) or new low (for bearish) in the lookback range.
3 Supply and Demand Zones:
Highlights supply zones (red) above bars when a bearish order block is identified and demand zones (green) below bars for bullish order blocks.
4 Liquidity Zones:
Marks equal highs and equal lows as potential liquidity zones (using blue circles) which can act as areas for potential stop-loss hunts.
5 Alerts:
Sets alerts for when a Break of Structure (BOS) occurs.
Identifies bullish and bearish order blocks by looking for significant highs and lows over a specified lookback period.
2 Break of Structure (BOS):
Sets up alerts for Break of Structure when there is a new high (for bullish) or new low (for bearish) in the lookback range.
3 Supply and Demand Zones:
Highlights supply zones (red) above bars when a bearish order block is identified and demand zones (green) below bars for bullish order blocks.
4 Liquidity Zones:
Marks equal highs and equal lows as potential liquidity zones (using blue circles) which can act as areas for potential stop-loss hunts.
5 Alerts:
Sets alerts for when a Break of Structure (BOS) occurs.
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