Smart Money Concepts (SMC) – Strategy codinghelp

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Viewing 7 posts - 1 through 7 (of 7 total)
  • #236307

    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/

     

    #236460

    Noone? Not possible?

     

    #236468

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

    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.
    #236473

    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.
    #236712

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

    #236896

    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:

    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.

    #236972

    Thank you very much

     

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

Viewing 7 posts - 1 through 7 (of 7 total)

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