SME Backtesting [TFO]
Among other things, Smart Money Essentials contains logic for:
- Market structure
- Fair Value Gaps
- Order Blocks
- Breaker Blocks
- Optimal Trade Entries
- HTF Market Structure
The Confluence section can then be utilized to build and test trade models from any combination of the included factors. As a basic example, we could test a strategy that only utilizes market structure. With Manual Exit turned off, we would simply be flipping long on bullish market structure shifts, and reversing short on bearish market structure shifts for the duration of the user-defined session.
As one might expect, such a simple strategy isn't expected to produce very reliable results by itself. However, we could build on these ideas by adding extra layers of Confluence, like looking for entries where Market Structure aligns with Order Block interactions. We could also turn on Manual Exit with a 40 tick stop loss and 80 tick profit target (10 points and 20 points, respectively, for ES futures), for more defined exit criteria.
One could expand on these ideas by adding factors like Fair Value Gaps, HTF Market Structure, etc. Any of the core pieces of SME can be used to build and backtest strategies that would otherwise be extremely tedious to do by hand, and as the SME indicator grows, so too will this backtesting script. Ultimately, the purpose of this is to make Smart Money Concepts more objective and easily testable so that users may better understand where these concepts may perform best.
- Re-enabled the Liquidity setting, as it impacts the size of the Optimal Trade Entry auto-fib
- Fixed an issue where the Optimal Trade Entry wasn't being utilized
- Added Premium & Discount to the confluence section, in addition to OTE
- Added optional entry delay
- Breaker Blocks have been updated to act similarly to Order Blocks, with their boxes being extended until mitigated, rejections that can be filtered by the current trend, etc.
- Added optional Rejection Strength parameters to all relevant Confluence features, where previously the default was locked at 1
- Added a Confluence option to Wait for Rejections. With this enabled, price must form a local swing high/low in the selected POI (if any) in order to meet the Confluence criteria. This can serve as additional confirmation to see if price is potentially respecting said POI
- Removed the Confluence threshold to avoid confusion. It is now automatically calculated based on the selected Confluence factors
- Bug fixes
- Bug fixes
- Added Timeframe Continuity (TFC) as a major feature and a Confluence option that may be used in conjunction with all other major indicator features
- Minor bug fixes regarding MTF Structure and TFC
- Added dynamic Stop Loss and Profit Target options, in addition to the original fixed values
- Removed Liquidity's dependency on Pivot Strength
- Improved FVG logic and Displacement Strength sensitivity
- Bug fixes regarding new dynamic Stop Loss and Profit Target options
- Added analysis tables and filters for Day of Week & Time of Day
- Added Liquidity and External Confluence options
- Added ability to test indicator presets
- Bug fix regarding table text color
- Added FVG inversions and OB mitigations as optional confluence factors
- Revamped to reflect upgrades from Smart Money Essentials v2.0.0
- Bug fixes regarding Confluence validation and Multi-Timeframe options
Script sob convite
Somente usuários autorizados pelos autores tem acesso a esses scripts, e isso normalmente requer pagamento. Você pode adicionar o script aos seus favoritos, mas você será capaz somente para usar ele depois de solicitar permissão e permiti-lo do seu autor — saiba mais aqui. Para mais detalhes, siga as instruções dos autores abaixo ou contate tradeforopp diretamente.
O TradingView NÃO recomenda pagar ou usar um script ao não ser que você confie totalmente no seu autor e compreende como isso funciona. Você pode também encontrar alternativas gratuitas e de código aberto em nossa comunidade de scripts.
Instruções do autor
Aviso: leia nosso guia para scritps somente sob convite antes de solicitar acesso.
Aviso legal
Script sob convite
Somente usuários autorizados pelos autores tem acesso a esses scripts, e isso normalmente requer pagamento. Você pode adicionar o script aos seus favoritos, mas você será capaz somente para usar ele depois de solicitar permissão e permiti-lo do seu autor — saiba mais aqui. Para mais detalhes, siga as instruções dos autores abaixo ou contate tradeforopp diretamente.
O TradingView NÃO recomenda pagar ou usar um script ao não ser que você confie totalmente no seu autor e compreende como isso funciona. Você pode também encontrar alternativas gratuitas e de código aberto em nossa comunidade de scripts.
Instruções do autor
Aviso: leia nosso guia para scritps somente sob convite antes de solicitar acesso.