Smart Money Concepts Forex Indicator Overview:
The SMC (Smart Money Concepts) is a Market Structure & Orderblock trading system. By automating the price action analysis, it simplifies the complex nature of reading market structure on multiple timeframes while providing buy and sell signals for orderblock bank level trade locations.
Purpose:
Market structure is price action, and is considered the foundation to all trading systems and methods. Without price there is no market. The Smart Money Concepts Indicator makes it easy to locate trends, structure and read major and minor decision points, so we can identify what is important to trade and what isn’t. On top of this, it automatically takes the guesswork out of finding hard to read bank level trade locations.
Elements:
- Automated Market Structure
- Major & Minor Swing Analysis
- MTF System Application
- Orderblock Trade Zones
- Buy & Sell Trade Locations
Functions:
The Smart Money Concepts Forex Indicator is best used for automating MTF major and minor market structure analysis while plotting SMC bank zones for buy and sell trading signals.
Problem Solved by our Smart Money Concepts Indicator:
- Stops traders from second guessing major and minor structure
- Stops traders from drawing technical analysis incorrectly
- Stops traders from having to manually draw trading S&R zones
- Stops traders from taking trades in the wrong locations
- Stops traders from trading against smart money
