Daily tradingview hot indicator, Smart Money Concepts (SMC) [LuxAlgo] indicator makes your trading easier! #BTC #ETH

SMC (Internal and Volatility Range BOS / CHoCH), Order Blocks, Premium and Discount Areas, Equal Highs and Equal Lows, etc.

Features:

Key highlights are as follows:

Real-time complete internal and volatility market structure marking

Structure Break (BOS)

Change of Character (CHoCH)

Order Blocks (Bullish and Bearish)

Equal Highs and Lows

Fair Value Gap Detection

Previous Highs and Lows

Premium and Discount area ranges

Ability to choose the style of the indicator for easier display of these concepts

Settings

Mode: Allows users to choose between historical (default) or current, displaying only the most recent data on the chart.

Style: Allows users to choose different styles between color (default) and monochrome for the entire indicator.

Colored Candles: Draws candles based on the internal and volatility structure of the indicator on the chart.

Internal Structure: Displays internal structure labels and dashed lines to represent them. (BOS and CHoCH).

Confluence Filter: Filters out insignificant internal structure breaks.

Swing Structure: Displays swing structure labels and solid lines (larger BOS and CHoCH labels) on the chart.

Swing Points: Displays swing point labels on the chart, such as HH, HL, LH, LL.

Internal Order Blocks: Enables internal order blocks and allows users to choose how many of the most recent internal order blocks to display on the chart.

Volatility Order Blocks: Enables volatility order blocks and allows users to choose how many of the most recent volatility order blocks to display on the chart.

Equal Highs and Lows: Displays EQH/EQL labels on the chart to detect equal highs and lows.

Bar Confirmation: Allows users to choose how many bars are needed to confirm EQH/EQL symbols on the chart.

Fair Value Gap: Displays boxes to highlight unbalanced areas on the chart.

Automatic Threshold: Filters out insignificant fair value gaps.

Time Range: Allows users to choose the time range for fair value gap detection.

Extended FVG: Allows users to choose how many bars to extend the fair value gap boxes on the chart.

Highs and Lows MTF: Allows users to display previous highs and lows within daily, weekly, and monthly time frames as significant levels.

Premium/Discount Areas: Allows users to display premium, discount, and balance on the chart.