Smart-Money Structure, Fair Value Gaps, and Session Markers
Summary
This TradingView strategy indicator plots simple market-structure breaks and shifts using rolling highs and lows, marks three-bar fair value gaps, and highlights local supply-demand extremes and adjacent equal highs or lows as potential liquidity references. It also draws the current higher-timeframe candle range as an area of interest. Its entry conditions combine a bullish or bearish structure break, price relative to the higher-timeframe range, and a fair value gap in the same direction.
Additional chart aids label broad Asia, London, and New York hours, shade the opening hour of the latter two sessions, and mark a user-specified news time. These features can help organize chart observation, but the script provides no stop or target logic, trade statistics, or evidence that the marked zones or times predict profitable moves. The configured gap sensitivity does not appear in the entry rules, and the code's claimed retest is not actually required; entries instead require a break and a gap on the same bar. Session times also depend on the chart's time basis.
Key ideas
- Rolling highs and lows define directional structure breaks, with separate rules marking possible shifts.
- Three-bar price gaps are drawn as fair value zones, while local extremes and near-equal adjacent prices mark reference areas.
- Entries require a structure break, alignment with the higher-timeframe candle range, and a same-direction gap.
- Session labels, opening-hour shading, and a manual time marker add context but do not filter trades.
- The script supplies no risk exits or performance evidence, and its stated retest condition is not implemented in the entry rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.