OPEN-SOURCE SCRIPT
OA - SMES
Smart Money Entry Signals (SMES)
The SMES indicator is developed to identify potential turning points in market behavior by analyzing internal price dynamics, rather than relying on external volume or sentiment data. It leverages normalized price movement, directional volatility, and smoothing algorithms to detect potential areas of accumulation or distribution by market participants.
Core Concepts
Smart Money Flow calculation based on normalized price positioning
Directional VHF (Vertical Horizontal Filter) used to enhance signal directionality
Overbought and Oversold regions defined with optional glow visualization
Entry and Exit signals based on dynamic crossovers
Highly customizable input parameters for precision control
Key Inputs
Usage
This tool plots the smoothed smart money flow as a standalone oscillator, designed to help traders identify potential momentum shifts or extremes in market sentiment. Entry signals are generated through crossover logic, while optional filters based on price behavior can refine those signals. Exit signals are shown when the smart money line exits extreme regions.
Important Notes
Disclaimer
This script is intended for educational purposes only. It does not provide financial advice or guarantee performance. Please do your own research and apply appropriate risk management before making any trading decisions.
The SMES indicator is developed to identify potential turning points in market behavior by analyzing internal price dynamics, rather than relying on external volume or sentiment data. It leverages normalized price movement, directional volatility, and smoothing algorithms to detect potential areas of accumulation or distribution by market participants.
Core Concepts
Smart Money Flow calculation based on normalized price positioning
Directional VHF (Vertical Horizontal Filter) used to enhance signal directionality
Overbought and Oversold regions defined with optional glow visualization
Entry and Exit signals based on dynamic crossovers
Highly customizable input parameters for precision control
Key Inputs
- Smart Money Flow Period
- Smoothing Period
- Price Analysis Length
- Fibonacci Lookback Length
- Visual toggle options (zones, glow effects, signal display)
Usage
This tool plots the smoothed smart money flow as a standalone oscillator, designed to help traders identify potential momentum shifts or extremes in market sentiment. Entry signals are generated through crossover logic, while optional filters based on price behavior can refine those signals. Exit signals are shown when the smart money line exits extreme regions.
Important Notes
- This indicator does not repaint
- Works on all timeframes and instruments
- Best used as a confirmation tool with other technical frameworks
- All calculations are based strictly on price data
Disclaimer
This script is intended for educational purposes only. It does not provide financial advice or guarantee performance. Please do your own research and apply appropriate risk management before making any trading decisions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.