SMC - Simple Internal Market Structure

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The indicator shows the SMC (Trading Hub 3.0) - internal market structure with crucial components such as impulse movement, correction movement, pullbacks, inducements, CHoCH, BOS, and sweeps.

SMC beginners take time to draw market structures with many ambiguities and need guidance. I wrote this indicator during the SMC learning process to make it easier for beginners.

Ambiguities of SMC beginners

1. What is the correct internal market structure? Many indicators do not show Inducements but rather the most important part in forming a market structure. Beginners often have trouble drawing their first Minor Inducements. I have included a feature that displays past and present Minor Inducements to help you observe and practice identifying internal market structures. You use the "SMC - Smallest Swing High/Low" indicator to support this process.

2. Where to start drawing market structures? If you use other indicators, you will get market structures starting from the first candle of the chart. In practice, you only need the recent and current internal market structures in HTF or LTF to find the best entry points. The remaining past internal market structure creates complexity for your current internal market structure. I introduce the feature of choosing the start time of displaying the internal market structure, you will actively anchor the start time of the internal market structure. You will get the internal market structure right from any starting point.

3. You will switch between HTF and LTF to find entry points. You will be troubled by multiple overlapping market structures of HTF and LTF. I introduce the feature of drawing internal market structures at the time anchored when switching between HTF and LTF.

Sometimes, the indicator is also necessary for professionals who like simplicity.

The indicator is easy to use but has some notes

a. Choose the start time: after selecting the indicator, the display screen shows the words "Set the 'Start Time' time for "SMC - Simple Internal Market Structure"' --> click on the screen or drag horizontally to select the start time
b. Change the start time: click on the indicator name in the upper left corner --> the screen will display the time selection line --> click on the square (in the middle of the time selection line) and drag horizontally to select a new start time.
c. The start time position is the candle with a blue background. Usually, this candle coincides with the time selection line.
d. Limited to 1000 candles from the past to the present. If the start time is more than 1000 candles, the time selection line does not coincide with the start candle.
e. Only applies to time frames of 1 minute or more.

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Sürüm Notları

- Fix error when IDM and CHoCH, BOS in the same candle.