kriptoeth SP

KriptoETH SP Indicator - Smart Money Analysis Tool
Main Function
This indicator identifies potential market reversal points based on Smart Money concepts. It analyzes liquidity sweeps and significant support/resistance breaks to generate trading signals.
Key Features
1. Swing Analysis

Identifies high and low levels based on specified swing length (default 15 bars)
These levels are considered potential liquidity zones

2. Liquidity Sweep Detection

Detects short-term violations of support and resistance levels as "sweeps"
Sweep tolerance (%) parameter allows sensitivity adjustment

3. Volume Confirmation

Requires volume spike for signal formation
Volume multiplier sets minimum volume threshold

4. Trend Filter

Analyzes overall trend direction using 50-period MA
Filters signals against the trend to improve success rate

5. Retest Capability

Tracks price return to main signal levels (B/S lines) after initial signals
Shows small confirmation signals when retests occur

Signal Types

B Signal: Potential buy opportunity (green label)
S Signal: Potential sell opportunity (red label)
b✓ / s✓: Retest confirmation signals (small labels)

Filtering System

Filters out too-rapid breaks
Controls for insufficient bar distance
Next bar confirmation option
Eliminates signals inconsistent with trend direction

Statistics Table

Daily, monthly, yearly retest counts
Last signal timestamps
Total signal statistics

Usage Guidelines

Combine signals with other technical analysis tools
Determine your risk-reward ratio in advance
Limit position size to 1-2% of your capital
Consider overall market conditions
Use proper stop-loss levels
Wait for confluence with other indicators

Parameters Explanation

Swing Length: Period for identifying swing highs/lows
Sweep Tolerance: Sensitivity for liquidity sweep detection
Volume Multiplier: Minimum volume increase requirement
Trend Filter: Enable/disable trend-based signal filtering
Retest Filters: Additional confirmation requirements for retest signals

How It Works

Algorithm identifies swing highs and lows as potential liquidity levels
Monitors for price sweeps beyond these levels with volume confirmation
Generates main signals (B/S) when criteria are met
Tracks subsequent retests of these signal levels
Applies multiple filters to reduce false signals

Best Practices

Use higher timeframes for trend confirmation
Combine with support/resistance analysis
Consider market structure context
Apply proper risk management rules
Backtest on historical data before live trading

IMPORTANT DISCLAIMER: This indicator is for educational and analysis purposes only. It does not constitute financial advice. Trading involves substantial risk of loss. Always conduct your own research and consider consulting with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.
Version Updates

Enhanced filtering system
Improved retest detection
Statistics tracking table
Trend-based signal validation
Multiple confirmation methods