Smart Money Concepts [AxeAlgo]

Overview
- Smart Money Concepts [AxeAlgo] is a clean, non-repainting indicator designed for traders who want to identify institutional market structure without clutter.

The indicator visualizes where smart money is likely to defend, attack, and accumulate positions by displaying order blocks, fair value gaps, liquidity pools, and premium/discount dealing ranges on your chart.

What It Shows
Market Structure (CHoCH and BOS)Identifies when the market changes direction (Change of Character) and when new directional commitment breaks prior structure (Break of Structure). Each signal confirms only after a specified number of bars, ensuring no repainting.

Order BlocksHighlights the price zones where the last aggressive institutional movement originated. These are areas where smart money entered positions and often acts as support or resistance on subsequent pullbacks.

Fair Value GapsDetects imbalances between candlesticks (gaps not filled by wicks). The indicator marks these zones because institutions often return to fill them as price moves away.

Liquidity PoolsAutomatically identifies clusters of equal highs and equal lows where retail traders typically set stop losses. The indicator marks when price breaks through these pools (institutional sweeps).

Premium and DiscountDisplays whether price is trading above (premium) or below (discount) the 50% equilibrium level between the most recent swing high and low. Extreme premium or discount often precedes reversals.

How to Use It
Enable individual components using the dashboard toggles: Show Structure, Show Order Blocks, Show Fair Value Gaps, Show Liquidity Pools, Show Premium/Discount.

Turn on the dashboard to see your current swing bias, internal structure direction, and range position at a glance.

Auto-Tune automatically scales all sensitivity parameters based on your chart timeframe. Turn it off if you prefer manual tuning.

Use Simple Mode to display only swing structure without internal noise for a cleaner chart.

Key Settings
Confirmation Bars: How many bars confirm a pivot before a structure signal fires. Higher values filter out false signals but add lag. Default is 2.

Min Displacement: The minimum price movement (in ATR multiples) required for a structure signal to register. Default is 1.0 ATR.

Zone Sizing: Controls the minimum and maximum height of order blocks and FVGs. Adjust to filter noise or capture smaller opportunities.

P/D Lookback: How many bars back to scan for the swing high and low that define your premium/discount range.

Dashboard Position and Size: Choose where the info table appears and how large you want it.

Colors: Customize bullish, bearish, and gap colors to match your chart theme.

What This Indicator Is For
Smart Money Concepts [AxeAlgo] is intended for traders who want to visually identify institutional order flow patterns and understand where smart money accumulates and distributes. It helps you:

Spot areas where institutions likely accumulated or distributed (order blocks and FVGs)
Recognize when price is overextended and vulnerable to reversal (premium/discount extremes)
Distinguish real structural breaks from noise during choppy consolidation
Plan entries and stops around levels where smart money defends

How It Works
The indicator uses pivot-point analysis to identify swing highs and lows, then marks the price zones where directional movement originated (order blocks). Fair value gaps are detected using standard three-candle imbalance logic. Liquidity pools are identified by clustering equal price levels within a configurable tolerance.

All signals confirm only on closed bars. Zones never repaint, but they shrink or change state as price action develops.

Limitations
The indicator shows 5 active zones at a time to keep your chart clean. If multiple institutional structures are forming simultaneously, older zones will age out. This is by design to prioritize the most recent price action.

This indicator identifies structural levels and patterns. It does not predict price direction or guaranteed support/resistance. Use it as one component of a complete trading plan, not as a standalone signal.

Fair value gaps and order blocks are useful but not infallible. Price may skip through them or reverse before reaching them.

Important Disclaimer
This indicator is for educational and analytical purposes only. It does not provide financial advice, and past performance does not guarantee future results. Trading involves risk of loss. Always use proper risk management, stop losses, and position sizing. Never risk more than you can afford to lose.

The accuracy and effectiveness of this indicator depends on your market conditions, timeframe, and trading methodology. Results vary by trader and asset class.