SMC+WWAP+FVG+TBT TradingView

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX

SMC+WWAP+FVG+TBT indicator, developed by EnigmaWay, is a comprehensive trading tool designed for TradingView, updated to Pine Script version 6 as of May 14, 2025. This all-in-one indicator combines Smart Money Concepts (SMC), Volume-Weighted Average Price (VWAP), Fair Value Gaps (FVG), and Trend-Based Trading (TBT)  to provide traders with actionable insights. It helps identify market structures, key price levels, potential trading opportunities, and future price projections, all while offering visual and statistical feedback to enhance decision-making.

1. Market Structure Analysis
– The indicator uses pivot highs and lows to determine bullish or bearish market trends.
– It labels key structural shifts (CHoCH, SMS, BMS) and tracks their progression using a position variable (`pos`).

2. VWAP and Deviations
– Calculates a volume-weighted average price (RVWAP) adjusted for the selected weighting style.
– Plots deviation bands based on standard deviation, helping traders identify overbought/oversold conditions.

3. FVG and Swing Detection
– Detects FVGs by comparing price gaps between bars and plots them as boxes.
– Identifies swing highs/lows to mark potential reversal zones.

4. Trend-Based Trading
– Uses trendlines to detect breakouts and generate trade signals.
– Sets TP and SL levels based on volatility (using ATR) and displays them on the chart.

5. Probability and Extrapolation
– Tracks historical structure changes to calculate trend continuation probabilities.
– Projects future price levels using VWAP and volatility data, aiding in strategic planning.