Smart Money Concepts (SMC) – Strategy codinghelp

• 08/09/2024 at 6:47 PM #236307
  SnorreDK

  Ivan’s indicator SMC is far too interesting and advanced not to be used in a strategy. Unfortunately, my skills aren’t sufficient to fully harness the indicator’s potential. Is there anyone here who wants to give it a try?

  Smart Money Concepts (SMC)

  https://www.prorealcode.com/prorealtime-indicators/smart-money-concepts-smc-indicator/

   

  

  SnorreDK

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  08/18/2024 at 8:04 AM #236460
  SnorreDK

  Noone? Not possible?

   

  

  SnorreDK

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  08/18/2024 at 12:24 PM #236468
  robertogozzi

  You have top use CALL to get data returned from the indicator. It requires 10 input paraemters and returns none:

  CALL "PRC_Smart Money Concepts"[50, 1, 1, 1, 1, 1, 1, 5, 0, 1]

  1	CALL "PRC_Smart Money Concepts"[50, 1, 1, 1, 1, 1, 1, 5, 0, 1]

  The web page in the link you posted explains those parameters (see also my attached pic).
  In any case, since it returns no data, it’s impossible to use it in a strategy, it’s just for manual trading.
  To be able to use it in a strategy you need to specify what signals you want to be returned.

  1 user thanked author for this post.

  SnorreDK

  

  robertogozzi

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  08/18/2024 at 12:53 PM #236473
  KumoNoJuzza

  I think, you should allow Ivan some time as the indicator seems complex to convert into a strategy, especially if you consider different timeframes showing different demand / supply zones and then how to define which one to target.

  1 user thanked author for this post.

  SnorreDK

  

  KumoNoJuzza

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  08/25/2024 at 6:23 PM #236712
  SnorreDK

  Ivan would it be possible to make a strategy based on your indicator?

  

  SnorreDK

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  08/30/2024 at 12:28 PM #236896
  Iván

  Hi. This would take quite a few hours 🙂
  We can do something quick. For example use the internal structure change signals to enter longs and shorts.

  Copy and paste the indicator into the backtester. You will see that there are errors due to the drawing functions.
  We do a quick clean up by removing the drawing lines.

  At the end of the code we enter the buy/sell orders:

  mytopsignal=$itopy[m] mybotsignal=$iboty[s] if mytopsignal<>mytopsignal[1] and $ichoch[m]=1 then buy 10 contract at market set stop %loss 5 set target %profit 5 endif //-----------------------------------------------------------------------------// if mybotsignal<>mybotsignal[1] and $ibotchoch[s]=1 then sellshort 10 contract at market set stop %loss 5 set target %profit 5 endif

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  mytopsignal=$itopy[m] mybotsignal=$iboty[s] if mytopsignal<>mytopsignal[1] and $ichoch[m]=1 then buy 10 contract at market set stop %loss 5 set target %profit 5 endif //-----------------------------------------------------------------------------// if mybotsignal<>mybotsignal[1] and $ibotchoch[s]=1 then sellshort 10 contract at market set stop %loss 5 set target %profit 5 endif

  The following code will give you buy and sell signals. Notice that it is far from debugged and that there are variables that are not used. I just want to show a base to start from.

  //--------------------------------------------------------------------------------// //PRC_Smart Money Concepts //version = 1 //29.07.2024 //Iván González @ www.prorealcode.com //Sharing ProRealTime knowledge //--------------------------------------------------------------------------------// //-----Inputs---------------------------------------------------------------------// length=50 n=barindex showswings=1 showHLswings=1 showinternals=1 showibull=1//1=all 2=bos 3=CHoCH showibear=1//1=all 2=bos 3=CHoCH showStructure=1 showbull=1//1=all 2=bos 3=CHoCH showbear=1//1=all 2=bos 3=CHoCH showOB=1 showiOB=1 showlastOB=5 ifilterConfluence=0 obFilter=1 //1=ATR 0=Cumulative mean Range mult=2 bblength=20 //--------------------------------------------------------------------------------// //--------------------------------------------------------------------------------// atr=averagetruerange[200](close) cmeanrange=summation[max(1,n)](high-low)/n //--------------------------------------------------------------------------------// //-----Bollinger Bands Calculation------------------------------------------------// averageBB=average[bblength](close) dev=mult*std[bblength](close) upperBB=averageBB+dev lowerBB=averageBB-dev //--------------------------------------------------------------------------------// //-----Swings---------------------------------------------------------------------// //---Swing length os=0 upper=highest[length](high) lower=lowest[length](low) if high[length]>upper then os=0 elsif low[length]<lower then os=1 else os=os[1] endif if os=0 and os[1]<>0 then mytop=high[length] else mytop=0 endif if os=1 and os[1]<>1 then mybot=low[length] else mybot=0 endif //---Swing 5 os1=0 upper1=highest[5](high) lower1=lowest[5](low) if high[5]>upper1 then os1=0 elsif low[5]<lower1 then os1=1 else os1=os1[1] endif if os1=0 and os1[1]<>0 then itop=high[5] else itop=0 endif if os1=1 and os1[1]<>1 then ibot=low[5] else ibot=0 endif //--------------------------------------------------------------------------------// //-----Pivot High-----------------------------------------------------------------// if mytop then topcross=1 if showswings then if mytop>topy then $phy[z+1]=mytop $phx[z+1]=n-length $phtype[z+1]=1 z=z+1 else $phy[z+1]=mytop $phx[z+1]=n-length $phtype[z+1]=-1 z=z+1 endif endif topy=mytop topx=n-length endif if itop then itopcross=1 itopy=itop itopx=n-5 endif //--------------------------------------------------------------------------------// //-----Pivot Low------------------------------------------------------------------// if mybot then botcross=1 if showswings then if mybot<boty then $ply[k+1]=mybot $plx[k+1]=n-length $pltype[k+1]=1 k=k+1 else $ply[k+1]=mybot $plx[k+1]=n-length $pltype[k+1]=-1 k=k+1 endif endif boty=mybot botx=n-length endif if ibot then ibotcross=1 iboty=ibot ibotx=n-5 endif //--------------------------------------------------------------------------------// //-----Pivot High BOS/CHoCH-------------------------------------------------------// bullConcordant=1 if ifilterConfluence then bullConcordant=high-max(close,open)>min(close,open-low) endif //Detect internal bullish structure if close crosses over itopy and itopcross and topy<>itopy and bullConcordant then choch=undefined if itrend<0 then choch=1 bullichochalert=1 else bullibosalert=1 endif if showinternals then if showibull=1 or (showibull=2 and not choch) or (showibull=3 and choch) then $itopx[m+1]=itopx $itopy[m+1]=itopy $ichoch[m+1]=choch $iright[m+1]=barindex m=m+1 endif endif itopcross=0 itrend=1 //Internal order block if showiOB then minim=9999999999 maxim=0 idx=1 if obFilter=1 then obthreshold=atr else obthreshold=cmeanRange endif for i=1 to (n-itopx)-1 do if (high[i]-low[i])<obthreshold[i]*2 then minim=min(low[i],minim) if minim=low[i] then maxim=high[i] idx=i else maxim=maxim idx=idx endif endif next $itargetTop[t+1]=maxim $itargetBot[t+1]=minim $itargetLeft[t+1]=barindex[idx] $itargetRight[t+1]=n $itargetType[t+1]=1 t=t+1 endif endif //Detect bullish Structure if close crosses over topy and topcross then choch=undefined if trend<0 then choch=1 endif if showStructure then if showbull=1 or (showbull=2 and not choch) or (showbull=3 and choch) then $topx[g+1]=topx $topy[g+1]=topy $topchoch[g+1]=choch $right[g+1]=barindex g=g+1 endif endif //order block if showOB then minim=9999999999 maxim=0 idx=1 if obFilter=1 then obthreshold=atr else obthreshold=cmeanRange endif for i=1 to (n-topx)-1 do if (high[i]-low[i])<obthreshold[i]*2 then minim=min(low[i],minim) if minim=low[i] then maxim=high[i] idx=i else maxim=maxim idx=idx endif endif next $targetTop[r+1]=maxim $targetBot[r+1]=minim $targetLeft[r+1]=barindex[idx] $targetRight[r+1]=n $targetType[r+1]=1 r=r+1 endif topcross=0 trend=1 endif //--------------------------------------------------------------------------------// //-----Pivot Low BOS/CHoCH--------------------------------------------------------// bearConcordant=1 if ifilterConfluence then bearConcordant=high-max(close,open)<min(close,open-low) endif //Detect internal bearish Structure if close crosses under iboty and ibotcross and boty<>iboty and bearConcordant then choch=0 if itrend>0 then choch=1 bearichochalert=1 else bearichochalert=1 endif if showinternals then if showibear=1 or (showibear=2 and not choch) or (showibear=3 and choch) then $ibotx[s+1]=ibotx $iboty[s+1]=iboty $ibotchoch[s+1]=choch $ibotright[s+1]=barindex s=s+1 endif endif ibotcross=0 itrend=-1 //Internal order block if showiOB then minim=9999999999 maxim=0 idx=1 if obFilter=1 then obthreshold=atr else obthreshold=cmeanRange endif for i=1 to (n-ibotx)-1 do if (high[i]-low[i])<obthreshold[i]*2 then maxim=max(high[i],maxim) if maxim=high[i] then minim=low[i] idx=i else minim=minim idx=idx endif endif next $itargetTop[t+1]=maxim $itargetBot[t+1]=minim $itargetLeft[t+1]=barindex[idx] $itargetRight[t+1]=n $itargetType[t+1]=-1 t=t+1 endif endif //Detect Bullish Strcuture if close crosses under boty and botcross then choch=undefined if trend>0 then choch=1 bearchochalert=1 else bearbosalert=1 endif if showStructure then //if showbear=1 or (showbear=2 and not choch) or (showbear=3 and choch) then //$botx[w+1]=botx //$boty[w+1]=boty //$botchoch[w+1]=choch //$botright[w+1]=barindex //w=w+1 //endif endif //order block if showOB then minim=9999999999 maxim=0 idx=1 if obFilter=1 then obthreshold=atr else obthreshold=cmeanRange endif for i=1 to (n-botx)-1 do if (high[i]-low[i])<obthreshold[i]*2 then maxim=max(high[i],maxim) if maxim=high[i] then minim=low[i] idx=i else minim=minim idx=idx endif endif next $targetTop[r+1]=maxim $targetBot[r+1]=minim $targetLeft[r+1]=barindex[idx] $targetRight[r+1]=n $targetType[r+1]=-1 r=r+1 endif botcross=0 trend=-1 endif //-----------------------------------------------------------------------------// //------Signals Internal Structure---------------------------------------------// //-----------------------------------------------------------------------------// mytopsignal=$itopy[m] mybotsignal=$iboty[s] if mytopsignal<>mytopsignal[1] and $ichoch[m]=1 then buy 10 contract at market set stop %loss 5 set target %profit 5 endif //-----------------------------------------------------------------------------// if mybotsignal<>mybotsignal[1] and $ibotchoch[s]=1 then sellshort 10 contract at market set stop %loss 5 set target %profit 5 endif //-----------------------------------------------------------------------------//

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  //--------------------------------------------------------------------------------// //PRC_Smart Money Concepts //version = 1 //29.07.2024 //Iván González @ www.prorealcode.com //Sharing ProRealTime knowledge //--------------------------------------------------------------------------------// //-----Inputs---------------------------------------------------------------------// length=50 n=barindex showswings=1 showHLswings=1 showinternals=1 showibull=1//1=all 2=bos 3=CHoCH showibear=1//1=all 2=bos 3=CHoCH showStructure=1 showbull=1//1=all 2=bos 3=CHoCH showbear=1//1=all 2=bos 3=CHoCH showOB=1 showiOB=1 showlastOB=5 ifilterConfluence=0 obFilter=1 //1=ATR 0=Cumulative mean Range mult=2 bblength=20 //--------------------------------------------------------------------------------// //--------------------------------------------------------------------------------// atr=averagetruerange[200](close) cmeanrange=summation[max(1,n)](high-low)/n //--------------------------------------------------------------------------------// //-----Bollinger Bands Calculation------------------------------------------------// averageBB=average[bblength](close) dev=mult*std[bblength](close) upperBB=averageBB+dev lowerBB=averageBB-dev //--------------------------------------------------------------------------------// //-----Swings---------------------------------------------------------------------// //---Swing length os=0 upper=highest[length](high) lower=lowest[length](low)   if high[length]>upper then os=0 elsif low[length]<lower then os=1 else os=os[1] endif   if os=0 and os[1]<>0 then mytop=high[length] else mytop=0 endif   if os=1 and os[1]<>1 then mybot=low[length] else mybot=0 endif //---Swing 5 os1=0 upper1=highest[5](high) lower1=lowest[5](low)   if high[5]>upper1 then os1=0 elsif low[5]<lower1 then os1=1 else os1=os1[1] endif   if os1=0 and os1[1]<>0 then itop=high[5] else itop=0 endif   if os1=1 and os1[1]<>1 then ibot=low[5] else ibot=0 endif //--------------------------------------------------------------------------------// //-----Pivot High-----------------------------------------------------------------// if mytop then topcross=1   if showswings then if mytop>topy then $phy[z+1]=mytop $phx[z+1]=n-length $phtype[z+1]=1 z=z+1 else $phy[z+1]=mytop $phx[z+1]=n-length $phtype[z+1]=-1 z=z+1 endif endif   topy=mytop topx=n-length   endif   if itop then itopcross=1   itopy=itop itopx=n-5   endif   //--------------------------------------------------------------------------------// //-----Pivot Low------------------------------------------------------------------// if mybot then botcross=1   if showswings then if mybot<boty then $ply[k+1]=mybot $plx[k+1]=n-length $pltype[k+1]=1 k=k+1 else $ply[k+1]=mybot $plx[k+1]=n-length $pltype[k+1]=-1 k=k+1 endif endif   boty=mybot botx=n-length   endif   if ibot then ibotcross=1   iboty=ibot ibotx=n-5   endif   //--------------------------------------------------------------------------------// //-----Pivot High BOS/CHoCH-------------------------------------------------------// bullConcordant=1 if ifilterConfluence then bullConcordant=high-max(close,open)>min(close,open-low) endif //Detect internal bullish structure if close crosses over itopy and itopcross and topy<>itopy and bullConcordant then choch=undefined if itrend<0 then choch=1 bullichochalert=1 else bullibosalert=1 endif if showinternals then if showibull=1 or (showibull=2 and not choch) or (showibull=3 and choch) then $itopx[m+1]=itopx $itopy[m+1]=itopy $ichoch[m+1]=choch $iright[m+1]=barindex m=m+1 endif endif   itopcross=0 itrend=1   //Internal order block if showiOB then minim=9999999999 maxim=0 idx=1 if obFilter=1 then obthreshold=atr else obthreshold=cmeanRange endif   for i=1 to (n-itopx)-1 do if (high[i]-low[i])<obthreshold[i]*2 then minim=min(low[i],minim) if minim=low[i] then maxim=high[i] idx=i else maxim=maxim idx=idx endif endif next   $itargetTop[t+1]=maxim $itargetBot[t+1]=minim $itargetLeft[t+1]=barindex[idx] $itargetRight[t+1]=n $itargetType[t+1]=1 t=t+1 endif endif //Detect bullish Structure if close crosses over topy and topcross then choch=undefined if trend<0 then choch=1 endif   if showStructure then if showbull=1 or (showbull=2 and not choch) or (showbull=3 and choch) then $topx[g+1]=topx $topy[g+1]=topy $topchoch[g+1]=choch $right[g+1]=barindex g=g+1 endif endif //order block if showOB then minim=9999999999 maxim=0 idx=1 if obFilter=1 then obthreshold=atr else obthreshold=cmeanRange endif   for i=1 to (n-topx)-1 do if (high[i]-low[i])<obthreshold[i]*2 then minim=min(low[i],minim) if minim=low[i] then maxim=high[i] idx=i else maxim=maxim idx=idx endif endif next   $targetTop[r+1]=maxim $targetBot[r+1]=minim $targetLeft[r+1]=barindex[idx] $targetRight[r+1]=n $targetType[r+1]=1 r=r+1 endif   topcross=0 trend=1 endif //--------------------------------------------------------------------------------// //-----Pivot Low BOS/CHoCH--------------------------------------------------------// bearConcordant=1 if ifilterConfluence then bearConcordant=high-max(close,open)<min(close,open-low) endif //Detect internal bearish Structure if close crosses under iboty and ibotcross and boty<>iboty and bearConcordant then choch=0 if itrend>0 then choch=1 bearichochalert=1 else bearichochalert=1 endif if showinternals then if showibear=1 or (showibear=2 and not choch) or (showibear=3 and choch) then $ibotx[s+1]=ibotx $iboty[s+1]=iboty $ibotchoch[s+1]=choch $ibotright[s+1]=barindex s=s+1 endif endif   ibotcross=0 itrend=-1   //Internal order block if showiOB then minim=9999999999 maxim=0 idx=1 if obFilter=1 then obthreshold=atr else obthreshold=cmeanRange endif   for i=1 to (n-ibotx)-1 do if (high[i]-low[i])<obthreshold[i]*2 then maxim=max(high[i],maxim) if maxim=high[i] then minim=low[i] idx=i else minim=minim idx=idx endif endif next   $itargetTop[t+1]=maxim $itargetBot[t+1]=minim $itargetLeft[t+1]=barindex[idx] $itargetRight[t+1]=n $itargetType[t+1]=-1 t=t+1 endif endif //Detect Bullish Strcuture if close crosses under boty and botcross then choch=undefined if trend>0 then choch=1 bearchochalert=1 else bearbosalert=1 endif   if showStructure then //if showbear=1 or (showbear=2 and not choch) or (showbear=3 and choch) then //$botx[w+1]=botx //$boty[w+1]=boty //$botchoch[w+1]=choch //$botright[w+1]=barindex //w=w+1 //endif endif //order block if showOB then minim=9999999999 maxim=0 idx=1 if obFilter=1 then obthreshold=atr else obthreshold=cmeanRange endif   for i=1 to (n-botx)-1 do if (high[i]-low[i])<obthreshold[i]*2 then maxim=max(high[i],maxim) if maxim=high[i] then minim=low[i] idx=i else minim=minim idx=idx endif endif next   $targetTop[r+1]=maxim $targetBot[r+1]=minim $targetLeft[r+1]=barindex[idx] $targetRight[r+1]=n $targetType[r+1]=-1 r=r+1 endif   botcross=0 trend=-1 endif //-----------------------------------------------------------------------------// //------Signals Internal Structure---------------------------------------------// //-----------------------------------------------------------------------------// mytopsignal=$itopy[m] mybotsignal=$iboty[s] if mytopsignal<>mytopsignal[1] and $ichoch[m]=1 then buy 10 contract at market set stop %loss 5 set target %profit 5 endif //-----------------------------------------------------------------------------// if mybotsignal<>mybotsignal[1] and $ibotchoch[s]=1 then sellshort 10 contract at market set stop %loss 5 set target %profit 5 endif //-----------------------------------------------------------------------------//

  

  Iván

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  09/01/2024 at 3:15 PM #236972
  SnorreDK

  Thank you very much

   

  I tried your code at many indices and different timeframes but unfortunately didnt get any usefull results.

  

  SnorreDK

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