SMC - Smallest Swing High/Low

The indicator shows swings high/low with candle-by-candle calculations to support identifying impulse movement, correction movement, and pullbacks. You can use the indicator as a basic component that affects the determination of Inducement in SMC (Trading Hub 3.0)

SMC beginners take time to determine inducements correctly the definition. I wrote this indicator while learning SMC to make it easier for beginners.

Usually, you use high/low indicators to determine swing high/low which have characteristics that affect the determination of Inducement

1. Candles after the inside bar are not included in determining swing high/low.

2. Sometimes the normal high/low indicator appears as 2 consecutive highs or lows which confuses you when drawing a zigzag.

3. Engulfing candles can make you draw zigzag wrong.

4. You usually determine high/low by each candle in high time frames (1 hour, 4 hours ...), and many candles loopback in low time frames (1 minute, 5 minutes ...). With adjustments from the inside bar, engulfing candle as above you do not need to adjust the loopback when changing between HTF and LTF.

The indicator is easy to use with color and line options.