algoman SMC | smart money concepts

### **█ Overview**
The **algoman SMC | Smart Money Concepts** indicator is crafted to provide unparalleled insights into institutional investor activity, often termed "smart money." This advanced tool calculates the probability of institutional order flow activity, offering traders a deeper understanding of market behavior.

The indicator evaluates the probabilities of three pivotal market events:
1. **Change of Character (CHoCH)**
2. **Shift in Market Structure (SMS)**
3. **Break of Structure (BMS)**

These probabilities are displayed directly on the chart as percentages alongside their respective levels, enabling traders to instantly grasp the likelihood of smart money order flow activity.

Additionally, backtested results are displayed in a concise table, showcasing the historical performance of the current order flow direction and providing a data-driven foundation for decision-making.

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### **█ Calculations**
The algorithm systematically computes the likelihood of CHoCH, SMS, and BMS events. It assigns:
- **Positive scores**: When the price successfully breaks through levels with high probabilities.
- **Negative scores**: When the price fails to achieve these breaks.

By analyzing these scores, the algorithm determines the overall probability of each event and calculates cumulative profitability derived from the smart money order flow.

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### **█ Example**
For instance, if the indicator displays:
- **85% probability**: The price will break above the upper range and create a new Break of Structure (BMS).
- **16.36% probability**: The price will break below the lower range, resulting in a Change of Character (CHoCH).

This snapshot reflects the dominant smart money behavior, guiding traders on potential market moves.

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### **█ Settings**
The **algoman SMC** indicator offers the following configurable options:
- **Structure Period**: Defines the pivot period used for market structure calculations.
- **Structure Response**: Controls the responsiveness of the market structure:
- A low value provides a more dynamic response.
- A high value offers a steadier structure with less sensitivity.

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### **█ How to Use**
This indicator is an essential tool for traders seeking insights into:
- **Change of Character (CHoCH)**
- **Shift in Market Structure (SMS)**
- **Break of Structure (BMS)**

By understanding the probability of these events, traders can align their strategies with the prevailing smart money order flow, improving trend identification and decision-making.

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### **█ Alerts**
The **algoman SMC** includes customizable alert functions to keep you informed in real-time:
- Trigger alerts when price breaks the upper or lower range.
- Select alert details to include:
- **Ticker ID**
- **Timeframe**
- **Probability Percentage**

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### **█ Disclaimer**
The information contained in **algoman SMC | Smart Money Concepts** is provided for **educational purposes only** and does not constitute financial advice. All trading involves risk, and past performance does not guarantee future results. Use this tool as part of a comprehensive strategy, and always assess your financial circumstances and risk tolerance before making decisions.

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**algoman SMC | Smart Money Concepts**