Smart Money Buster

22 มิ.ย. 2022

After daytrading for a while i came into conclusion that price action trading is the most successful way to trade for me and this project was for me to simplify my way of trading at the beginning. Eventually it got big and turned into a very useful helper indicator for me to setup on different pairs for alerts and only look at the charts to decide for entry when the alerts come from 120 different pairs that i set it up. Since i always looked at indicators for a way to make my job simpler and give me more time to do more important things for me rather than drawing lines on different pairs eveyday i think it got to a point where it works to my liking and making me gain time, thus more money.

This indicator uses smart money concepts like Market Structure, Order Blocks, Quassimodo Levels, Structure Breaks, Pumps and Dumps, Imbalances(In the works will be added in first update) to help trader catch what the whales are thinking and how to enter in the right time for swing trading, catching bottoms and tops.

Here are some of the features as of release:

• Detects Market Structure and draws zig-zag lines and keeps note of pivot points.
  
• Detects Order blocks and draws boxes when the conditions met
  
• Detects the quassimodo levels and changes the color of the box to signal double confluence meaning stronger signal
  
• Draws structure break lines
  
• Setting to set structure break percentage before drawing boxes to get the boxes drawn if you want to be more 'sure' about the Order Block Levels.
  
• Setting to change depth and backstep values for zigzags to be able to let you fit the system for different time frames.
  
• Setting to set MSB trigger point between High and Low, Close and Open or hl2 values.
  
• Setting to set Signal Triggering Range between Start, Middle and End meaning eg. if you set it to Middle it will wait for MSB trigger point to hit the middle of the box before giving you a signal.
  
• Setting for changing HH-LL pivot points lookback count, 5 as default. Increasing this value will make you compare your pivot points with more data, really useful in lower time frames where will be a lot of zig-zags and highs and lows giving you a method to avoid false signals. Recommended to keep it lower values on 30 min and higher and increase it in lower Timeframes according to market volatility.
  
• Setting to add a Box limit where the box of order block will be set invalid after certain candles and it still didn't trigger. Default value of 0 means it's disabled.
  
• Setting to set Candle volatility percentage value to avoid big candles getting opposite signals on fast pump or dump schemes and bust those market makers schemes. Gotta say this came out really handy in crypto markets :)
  

As an end you can set alerts for 'Buy', ' Sell', 'Buy and Sell' together or if you wish you can connect it to bots via webhook as an entry. Although haven't connected to any bots myself as i think the best method of trading is human and machine working together. Since we have the creativity and out of the box thinking and machines have the ability to brute force calculation and huge bandwith that we don't currently have. At least until Elon Musk turns is into a cyborg, which i am not very eager about.

Planned Features:
- Add ability to detect imbalances(fair value gaps) to add third confluence to detect dragon fruit entries. This will make the system work with triple confluence.
- Add more settings so humans can command the ai better.
- Maybe a strategy version after i write my own dynamic take profit algorithm to give system ability make quantitative decisions based on current position profit levels.
- Although i think i fixed almost all the important bugs if there ever comes up one bugs will take priority for updates.
- And some things i may decide to add later. I will keep working on this project since it works well for me.

And like always, happy trading.

24 มิ.ย. 2022

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v.0.9a: -Changed lookback values to be dynamic, now it's way more accurate and reflects current zig-zag trend. You won't have to enter lookback values anymore.
- Added setting to hide or show Buy and Sell Labels.
- Added alert condition for COC (Change of Character) meaning the reversion of zig-zag.

4 ก.ค. 2022

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v0.9b: - Fixed a runtime error while using replay feature of TV. Getting time value of bars was causing problems apparently. Increasing the inbuilt lookback of time should have fixed it right now. A major update is in the works.
- Added and modified various alerts including Change of Chartacter and optimized others.

5 ก.ค. 2022

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v1.0: - New Feature: Liquidation Hunt lines. All MSB will start with blue color first. If further confluce of HH or LL present it will change the Trend acordingly and also the color of the MSB line from blue to green or red. This will make the trend detection way more precise.
- Seperated MSB line trigger and Signal trigger. Now as default Market Structure calculated with Close and Open crosses but the Signals are calculated with Highs and Lows. This can be changed from settings.
- Added top right table showing current Trend and last MSB trigger. This table will be populated further in next updates with necessary information.
- Added further tooltips that would help user understand each setting and how to use them.
- Fixed a few bugs that would make the script run slower than it's supposed to.
- Next updates will focus on further confluence together with fair value gaps and fibonacci levels.

6 ก.ค. 2022

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v1.1: New Feature: - Auto Fibonacci Levels and Premium & Discount Zones detection. This feature will calculate auto fib lines based on last zig-zag levels and offer you suggestions at the table based on current price levels.
- Added functional alerts. You can still use individual alerts in alert creation box, functional alerts currently provide all alerts in a dynamic way which will be further optimized.
- Changed Buy and Sell labels to Long and Short to make it more of an accurate description of the signal.
- Added Price entering Premium & Discount Zone alert options.

An example of Premium and & Discount Zone Recommendations:


If you hover over the table you will see longer explanation of the suggestion.

6 ก.ค. 2022

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v1.1a: -Fixed an issue that was causing problems with non-pro Tradingview users.

7 ก.ค. 2022

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v1.2: New Feature: - Quasimodo Signals. These signals pop up and gives you trend following scalper entry ideas based on current Fib Zone Levels, Zig-zag trend and HH-LL quassimodo points. OB signals are still there, these signals can be turned on-off and instead of swing trading points like OB signals, these are supposed to be used as fast get-in get out entry points since these can be less accurate compared to OB signals.
- Added alert combination options, these can be turned on and off and created as a single alert via choosing 'any alert() function call' option in alert area. This is useful for people that don't want to create bunch of different alerts. Do know that individual alerts are still available if you prefer them.
- Added Order Block Confirmation and Quasimodo alerts.
- Fixed certain small bugs.

Here an example of some Quasimodo Signals while in a Bearish Trend. Be aware though these signals can be less accurate than classic Order Block signals so i recommend using them as small SL/TP scalper entries.
https://www.tradingview.com/x/idbc7AiI/

15 ก.ค. 2022

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v1.2a: Added option to show/hide HH/LL labels.

25 ก.ค. 2022

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v1.3: Fixed an issue with boxes being drawn on situations where price already crossed the necessary line many times. Now if the price crossed more than 5 times the boxes aren't drawn.

6 ส.ค. 2022

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v1.3a: Cleaned up the code and fixed some minor bugs.

10 ส.ค. 2022

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v1.4: -Added option for Three Line Strike Signals, these signals only show up when the trend and fib rules allow it so they are highly filtered.
- Added option to show-hide drawn boxes that are already crossed.
- Added combination alerts for Three Line Strike alerts.
- Some minor bug fixes.

An example of how Three Line Strike alerts show up:

14 ก.พ. 2023

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v1.4a: Fixed an issue that is caused by last hidden pinescript update.