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Smart Money Concepts

by Swiftedge ◆ FOUNDER · Swiftedge Plus
◆ Swiftedge PlusBuilt into Depth
Smart Money Concepts on the live order book chart in Swiftedge Depth

What it shows

Swing and internal structure (BOS and CHoCH), order blocks and breakers, equal highs and lows and the premium and discount zones, with the real delta that built each block, the real orders and liquidations inside it and the liquidity behind every equal high and low.

How to read it

Swing and internal structure are drawn separately: BOS for a break in the trend's direction, CHoCH for the first break against it. Order blocks and breakers are the last opposite candles before a break, equal highs and lows mark resting liquidity, and the premium and discount zones split the range. Each block shows the real delta and orders inside it.

What it can't tell you

Structure and blocks are defined from price after the fact. The real orders shown are those visible in the book now.

Settings in Depth

The defaults; every setting can be changed with the gear next to the indicator.

Structure
Showthe full history
Swing length50
Internal length5
Swing structure upalle
Swing structure downalle
Internal structure upalle
Internal structure downalle
Internal breaks filter (confluence)off
Break confirmed bya close
Swing points (HH, HL, LH, LL)off
Strong and weak high / lowon
Color candles by the internal trendoff
Order blocks
Internal order blockson
Internal blocks shown3
Swing order blockson
Swing blocks shown3
Mitigated bya close through
Mitigated blocks become breakers (Swiftedge)on
High-volatility candles in blocksover 2 × ATR 200 (as the original)
Liquidity and zones
Equal highs and lows (EQH / EQL)on
Equal highs and lows: bars confirmation3
Equal within (× ATR 200)0.1
Premium, equilibrium and discounton
Previous day high and lowoff
Previous week high and lowoff
Previous month high and lowoff
Fair value gapsoff
Auto threshold for gaps (as the original)on
Fair value gaps fromthe chart timeframe
Extend gaps until filled (Swiftedge)on
Otherwise extend gaps (bars)1
Real data
Real orders and liquidations inside each blockon
Real delta that built each blockon
Who traded at the first reteston
Real delta on swing breakson
Liquidity behind equal highs, lows and the previous levelson
Equilibrium from real traded volumeon
Display: colors
Stylecolored
Previous day linedashed
Previous week linedashed
Previous month linesolid
Display: text
Text sizem
Swing labelsm
Internal labelsm
Equal high and low labelsm

FAQ

What is an order block?

The last candle against the move before a strong break, marked as a zone.

What is a breaker?

An order block that price broke through, which then acts from the other side.

What are premium and discount?

The upper and lower half of the current swing range.

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