Smart Money Toolkit
Last updated
Last updated
The Smart Money Toolkit is a comprehensive trading suite designed specifically for traders who prefer price action analysis over traditional technical indicators. It automatically identifies real-time market structures, liquidity levels, and order blocks, allowing traders to focus on raw price data rather than derived values or plots. This toolkit offers a pure, objective analysis of market dynamics without the lag, complexity, or noise typically associated with conventional indicators, making it an invaluable resource for traders aiming to understand the true nature of market movements.
Market Structure Analysis: The Smart Money Toolkit excels at identifying key market structures such as Break of Structure (BOS) and Change of Character (CHoCH). These elements are critical in understanding potential trend continuations or reversals. Change of Character (CHoCH): Indicates a potential shift in market sentiment or direction. This pattern typically occurs when a higher low forms in a downtrend or a lower high in an uptrend, signaling that the current trend may be losing momentum. Break of Structure (BOS): Confirms the continuation of the prevailing trend. A BOS is marked when the price breaks above a previous high in an uptrend or below a previous low in a downtrend, underscoring the trend’s strength. The toolkit highlights these events in real-time, providing traders with immediate insights into market dynamics without the need for manual analysis.
Order Blocks and Breaker Blocks: The toolkit identifies order blocks—zones where significant buying or selling occurred, often representing institutional activity. These blocks are crucial for pinpointing areas of interest where the price is likely to react. Breaker blocks, which are formed from mitigated order blocks, serve as potential reversal points in the market. Volumetric Order Blocks are areas on the chart where significant buying or selling might be happening. They could potentially act as support (buying areas) and resistance (selling areas) for price movements. Once the potential impact of these large orders has been factored in by the market, they'll be displayed on your chart. By focusing on these key areas, traders can anticipate where large market participants are likely to enter or exit positions, providing a strategic edge in aligning trades with the "smart money."
Liquidity Concepts and Sweeps: Liquidity is a critical factor in price action trading, and the Smart Money Toolkit is equipped to highlight liquidity zones, sweeps, and potential traps set by large market players. These features help traders understand where the market is likely to seek liquidity, often leading to rapid price moves that can either validate or invalidate potential setups.
Fair Value Gaps and Strong/Weak Highs & Lows: Fair Value Gaps indicate imbalances between buying and selling pressures, which can serve as potential entry or exit points. The toolkit identifies these gaps in real-time, allowing traders to exploit market inefficiencies. The indicator also highlights strong and weak highs and lows with volume percentages, providing additional context to the market structure. Strong highs/lows often indicate points of significant rejection or acceptance, while weak highs/lows suggest potential vulnerability and areas to watch for possible breakouts or breakdowns.
Premium & Discount Zones: The toolkit includes premium and discount zones, which help traders assess whether the price is overextended (premium) or undervalued (discount) relative to the recent market action. These zones can be used to refine entry points or set profit targets, aligning trades with optimal risk-reward scenarios.
Candle Coloring and Multi-Timeframe Dashboard: Candle coloring based on market structure provides immediate visual feedback on the current state of the market, enhancing the clarity of trend direction and strength. A multi-timeframe dashboard displays critical market structure and order block information across various timeframes (15m, 1h, 4h, 1d), allowing traders to maintain a broader perspective without needing to switch charts constantly. The Smart Money Toolkit integrates its various components to offer a holistic view of market activity. By combining market structure analysis, order block identification, liquidity concepts, and fair value gaps, the toolkit provides traders with a detailed and nuanced understanding of price action. Each feature complements the others, creating a cohesive system that captures the intricacies of market movements driven by institutional players and liquidity flows. This integration ensures that traders are equipped with the insights needed to make informed decisions in real time. Unlike standard indicators that rely on historical data and lagging signals, this toolkit provides real-time, objective insights into market dynamics by focusing solely on raw price action and liquidity flows. Its exclusive reliance on price patterns and market structure, without the constraints of user-defined inputs, ensures that traders receive unbiased and robust analysis
Structure Style: Choose between manual and dynamic market structure (affects how the order blocks are shown on the chart).
Swing/Internal: User can change the color of the swing and internal structure colors (BoS/ChoCh).
Show Previous: Show previous orderblocks.
Buy Sell Internal: Shows volume data that have formed around the orderblock.
Swing Order Blocks: Shows swing orderblocks.
Filter Method: Filters the volumetric orderblocks with respect to: None/BoS/ChoCh
Mitigation: Method of mitigation. This is the trigger which will remove the orderblock. Middle will require price to retrace over the middle line, while absolute is where price has to break past the orderblock.
Bar color: Turn on/off bar color.
MTF Dashboard: Freely change the size and position of the multi-timeframe scanner dashbaord.
Greyscale: Uses standard grey coloring for the orderblocks.
Volume Metrics: Show the volume associated with the orderblock.
Middle Line: Turn on/off the middle line for orderblocks.
EQH/EQL: Display equal highs/lows on the chart.
Overlap Method: Preserves either the most [recent] or [previous] orderblock
Accumulation & Distribution: Show either fast or small pattern formation zones (zones of accumulation & distribution).
Show High Low Equilibrium: Displays the high,low and equilibrium zones on the chart (areas of premium & discount).
Fair Value Gap: Displays fair value gaps on the chart. User can change the timeframe of the FVG.
Liquidity Sweep: Shows sweeps of liquidity on the chart.
The Smart Money Toolkit provides traders with a powerful and user-friendly platform for mastering price action, making it essential addition to any trader’s toolkit seeking to align their trades with the strategies of professional traders. The SMRT Algo Suite, which the SMRT Algo Smart Money Toolkit is a part of, offers a comprehensive set of tools and features that extend beyond the capabilities of standard or open-source indicators, providing significant additional value to users.
Advanced Customization: Users can customize various aspects of the indicator, such as toggling the confirmation signals on or off and adjusting the parameters of the MA Filter. This customization enhances the adaptability of the tool to different trading styles and market conditions.
Enhanced Market Understanding: The combination of pullback logic, dynamic S/R zones, and MA filtering offers traders a nuanced understanding of market dynamics, helping them make more informed trading decisions.
Unique Features: The specific combination of pullback logic, dynamic S/R, and multi-level TP/SL management is unique to SMRT Algo, offering features that are not readily available in standard or open-source indicators.
Educational and Support Resources: As with other tools in the SMRT Algo suite, this indicator comes with comprehensive educational resources and access to a supportive trading community, as well as 24/7 Discord support.
The educational resources and community support included with SMRT Algo ensure that users can maximize the indicators’ potential, offering guidance on best practices and advanced usage.
SMRT Algo believe that there is no magic indicator that is able to print money. Indicator toolkits provide value via their convenience, adaptability and uniqueness. Combining these items can help a trader make more educated; less messy, more planned trades and in turn hopefully help them succeed.
Trading involves significant risk, and most day traders lose money. All content, tools, scripts, articles, and educational materials provided by SMRT Algo are intended solely for informational and educational purposes. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.