CandelaCharts - Smart Money Concepts Go (SMC Go)

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📝 Overview

Discover the Smart Money Concepts GO (SMC GO) Indicator – the ultimate tool for mastering advanced price action strategies. This all-in-one solution simplifies trading by providing real-time Market Structure analysis, including Internal and Swing BOS/CHoCH, Order Blocks (OB), Premium and Discount Zones (PD), and the identification of Equal Highs and Lows. With SMC GO, traders can automatically annotate their charts with widely recognized price action techniques, gaining unparalleled insights into market behavior.



What is Smart Money Concepts GO (SMC GO)?

Smart Money Concepts (SMC) is a revolutionary approach to price action trading, focusing on liquidity and identifying optimal zones for trading decisions. By pinpointing areas where institutional traders are likely placing buy or sell orders (buy-side and sell-side liquidity), SMC empowers traders to make informed, strategic entries and exits. Whether you're a novice or a seasoned trader, adopting SMC strategies can refine your understanding of market liquidity and elevate your trading performance.

Enhance your trading edge today with the Smart Money Concepts GO indicator – your gateway to precision and success in the financial markets!

📦 Features

This script is packed with a wide range of features rooted in Price Action principles, as outlined below:

• Market Structure: (BOS, CHoCH, CHoCH+) (Internal & Swing) multi-timeframe. Candle Coloring based on market structure.
  
• Order Blocks: Order Blocks (OB), Swing Order Blocks (SOB). Multi-Timeframe support with various mitigation methods.
  
• Fair Value Gaps: Fair Value Gaps (FVG), Opening Gaps (OG). MTF w/ multiple mitigation methods.
  
• Premium & Discount: Strong/Weak Highs & Lows w/ volume percentages.
  
• Highs & Lows MTF: Previous Highs/Lows (Daily, Monday's, Weekly, Monthly, Quarterly, Yearly).
  
• Scanner: Multi-Timeframe Dashboard (5m, 15m, 30m, 1H, 4H, 1D).
  

⚙️ Settings

Market Structure

• Show Market Structure: Display Market Structure
  
• Swing Points: Show Swing Points. Customization options available.
  
• Swing: Shows Swing Market Strucuture with configuration options
  
• Internal: Shows Internal Market Strucuture with configuration options
  
• Mode: Control Market Strucure detection mode
  
• Plot Candle: Candle coloring based on trend bias
  
• Bar Color: Bar coloring based on trend bias
  

Order Blocks

• Show: Controls whether Blocks are displayed on the chart.
  
• Show Last: Sets the number of Blocks you want to display.
  
• Length: Determines the length detection of each Block Type.
  
• Mitigation: Highlights when an Block has been touched, using a different color without marking it as invalid.
  
• Timeframe: Specifies the timeframe used to detect Block. This is MTF functionality.
  
• Mode: Sets the available options available for Blocks detection.
  
• Filtering: Filter Blocks by CHoCH or BOS.
  
• Positioning: Position Blocks based on various options like Full, Middle, Accurate and Precise.
  
• Buy/Sell activity: Display volume bullish/bearish activity for each Block.
  
• Show metrics: Display volume metrics on the Block.
  
• Show Mid-Line: Configures the midpoint line's width and style within the Block. (Consequent Encroachment - CE)
  
• Show Border: Defines the border width and line style of the Block.
  
• Hide Overlap: Removes overlapping Blocks from view.
  
• Grayscale: Display gray color on all Blocks no matter the bias.
  

Fair Value Gaps

• Show: Controls whether Imbalances are displayed on the chart.
  
• Show Last: Sets the number of Imbalances you want to display.
  
• Length: Determines the length of each Imbalance.
  
• Mitigation: Highlights when an Imbalance has been touched, using a different color without marking it as invalid.
  
• Timeframe: Specifies the timeframe used to detect Imbalances.
  
• Threshold: Sets the minimum gap size required for Imbalance detection on the chart.
  
• Show Mid-Line: Configures the midpoint line's width and style within the Imbalance. (Consequent Encroachment - CE)
  
• Show Border: Defines the border width and line style of the Imbalance.
  
• Hide Overlap: Removes overlapping Imbalances from view.
  
• Extend: Extends the Imbalance length to the current candle.
  
• Elongate: Fully extends the Imbalance length to the right side of the chart.
  

Premium & Discount

• Show Premium & Discount: Show Premium & Discount zones
  
• Show Equilibrium: Show Equilibrium zone
  
• Show Strong/Weak & High/Low: Show Strong/Weak & High/Low on the chart
  
• Mode: Control displaying mode of Premium & Discount
  

Highs & Lows MTF

• Day: Display PDH/PDL
  
• Week: Display PWH/PWL
  
• Month: Display PMH/PML
  
• Quaterly: Display PQH/PQL
  
• Yearly: Display PYH/PYL
  

Scanner

• Scanner: Show Scanner and adjust his position
  

⚡️ Showcase

Market Structure

CHoCH & BOS


EQH/L


Candle Coloring


Order Blocks

Volumetric Order Blocks


Swing Volumetric Order Blocks


Fair Value Gaps

Fair Value Gaps (FVG)


Opening Gaps (OG)


Premium & Discount

Premium/Equilibrium/Discount


Strong/Weak & High/Low


Highs & Lows MTF


Scanner


📒 Usage

In the following example, the price exhibits a decisive rejection from a Bearish Order Block, highlighting a potential reversal point in the market. This rejection is further validated by the sweep of the Previous Day's High (PDH), which acts as additional confluence and reinforces the bearish bias. Such a setup indicates a high-probability trade opportunity for traders who recognize the alignment of these key price action elements.

To capitalize on this scenario, you could wait for the price to retrace into the Breaker Block—a commonly used zone of interest in Smart Money Concepts. Entering a short position at this retracement point allows for a strategically favorable risk-to-reward ratio. In this case, the Previous Day's Low (PDL) serves as a logical target for taking profits, especially given the relatively small range, which ensures a measured and tactical approach to trade execution.

By combining multiple layers of confluence—such as the Bearish Order Block rejection, the PDH sweep, and the Breaker Block retracement—you can develop a more comprehensive understanding of market dynamics and increase the likelihood of a successful trade outcome.



Smart Money Concepts GO (SMC GO) is a versatile indicator that can be applied to a wide range of market conditions and setups. Whether you're analyzing price action in trending, consolidating, or reversal scenarios, SMC offers powerful tools for identifying key zones of liquidity, institutional order flow, and high-probability trade opportunities. Its adaptability allows traders to refine their approach across various timeframes and asset classes, making it a valuable technique for both novice and experienced traders alike.

🚨 Alerts

The indicator provides the ability to set alerts for various significant market events related to its core features.

You can configure alerts for the following key events:

• Change of Character (CHoCH) +B/-B
  
• Break of Structure (BOS) +B/-B
  
• Order Block Formation (+B/-B)
  
• Swing Order Block Formation (+B/-B)
  
• Fair Value Gaps Formation (+B/-B)
  
• Opening Gaps Formation (+B/-B)
  
• Equal Highs/Lows (EQH/EQL) +B/-B
  

⚠️ Disclaimer

Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.