PROTECTED SOURCE SCRIPT
CMP & SMC Indicator v1
MC & CMP Indicator
Description
The “SMC & CMP Indicator” is a powerful tool designed for traders who seek to capitalize on specific candlestick patterns indicative of potential market reversals or consolidations. This versatile indicator combines the detection of SMC (Significant Market Change) patterns and CMP (Compensation Point) candles into a single, user-friendly tool. It allows traders to independently monitor bullish, bearish, or both types of patterns simultaneously, depending on their trading strategies.
Features
• Dual Functionality: Seamlessly integrates two popular trading indicators – SMC and CMP – providing comprehensive market analysis.
• Customizable Settings: Users can choose to activate alerts for bullish, bearish, or both conditions for each type of pattern. This feature offers unmatched flexibility in tailoring the tool to various trading styles and market conditions.
• Visual Clarity: Uses distinct colors and markers to highlight the identified patterns directly on the trading chart, enhancing the visual experience and making it easier to spot potential trading opportunities.
• Adjustable Timeframes: Compatible with multiple timeframes, this indicator can be adjusted to work on minute-based intervals such as 15, 30, and 60 minutes, making it suitable for day traders and swing traders alike.
• Transparency and Precision: Each pattern type (SMC and CMP) is clearly defined within the script, ensuring that traders understand exactly what is being detected and displayed.
Description
The “SMC & CMP Indicator” is a powerful tool designed for traders who seek to capitalize on specific candlestick patterns indicative of potential market reversals or consolidations. This versatile indicator combines the detection of SMC (Significant Market Change) patterns and CMP (Compensation Point) candles into a single, user-friendly tool. It allows traders to independently monitor bullish, bearish, or both types of patterns simultaneously, depending on their trading strategies.
Features
• Dual Functionality: Seamlessly integrates two popular trading indicators – SMC and CMP – providing comprehensive market analysis.
• Customizable Settings: Users can choose to activate alerts for bullish, bearish, or both conditions for each type of pattern. This feature offers unmatched flexibility in tailoring the tool to various trading styles and market conditions.
• Visual Clarity: Uses distinct colors and markers to highlight the identified patterns directly on the trading chart, enhancing the visual experience and making it easier to spot potential trading opportunities.
• Adjustable Timeframes: Compatible with multiple timeframes, this indicator can be adjusted to work on minute-based intervals such as 15, 30, and 60 minutes, making it suitable for day traders and swing traders alike.
• Transparency and Precision: Each pattern type (SMC and CMP) is clearly defined within the script, ensuring that traders understand exactly what is being detected and displayed.
Script protegido
Este script é publicado como de código fechado e você pode usá-lo livremente. Você pode favoritá-lo para utilizá-lo em um gráfico. Você não pode visualizar ou modificar seu código fonte.
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