Unlock the Power of Smart Money Concepts with One Simple Tool
Are you a trader looking to level up your analysis by using Smart Money Concepts (SMC) or the ICT methodology? You know the power of identifying market structure, finding fair value gaps, and pinpointing perfect entries, but drawing everything manually on your charts can be tedious, time-consuming, and prone to errors.
What if you could automate the most critical parts of this analysis?
Introducing the ICT FVG+FIBO Indicator for TradingView. This powerful, all-in-one tool is designed to do the heavy lifting for you. It automatically identifies and plots key SMC elements directly onto your chart, allowing you to focus on what truly matters: making informed, high-probability trading decisions.
Core Features of the ICT FVG+FIBO Indicator
This indicator is packed with features designed to streamline your trading workflow. It’s more than just a tool; it’s your personal chart analyst.
1. Automated Market Structure Mapping
Forget squinting at your screen to find the latest swing points. The indicator intelligently identifies and plots:
Break of Structure (BOS): Clearly marks when the price breaks a previous high in an uptrend or a low in a downtrend, confirming the trend's continuation.
Change of Character (CHoCH): Highlights the first sign of a potential trend reversal, giving you an early heads-up to shift your bias.
2. Automatic Fair Value Gap (FVG) Detection
Fair Value Gaps are magnets for price. This indicator automatically finds and draws these crucial zones on your chart.
Bullish & Bearish FVGs: Different colors for easy identification.
Mitigation Tracking: The FVG boxes change color or are reduced in size once the price has traded into them, giving you a clean, up-to-date view of the action.
3. Dynamic Fibonacci Retracement
No more manually drawing Fibonacci levels on every new price leg. The indicator automatically anchors a Fibonacci tool to the current market structure (from the swing high to the swing low, or vice-versa). It clearly displays key levels, including:
0.786
0.705 (The "sweet spot")
0.618 (The Golden Ratio)
0.50 (Equilibrium)
0.382
This feature is essential for identifying Optimal Trade Entry (OTE) zones.
4. Advanced Pivot Highs & Lows
The script includes an advanced algorithm to filter out weak or insignificant swing points. By using an ATR-based "spikeyness index," it only labels the most prominent and meaningful pivot highs and lows, helping you focus on the structure that truly matters.
How to Use the ICT FVG+FIBO Indicator in Your Trading
This indicator simplifies complex strategies. Here’s a basic framework to get you started:
Identify the Trend: Look at the labels on the chart. Is the indicator plotting a series of BOS to the upside (bullish trend) or to the downside (bearish trend)? A CHoCH signals a potential change in that trend.
Wait for a Retracement: After a BOS, a pullback is expected. Let the price retrace back towards the origin of the move.
Find Your Point of Interest (POI): This is where the magic happens. Look for a confluence of:
A Fair Value Gap (FVG) box plotted by the indicator.
A key Fibonacci Level, ideally within the 0.618 - 0.786 Optimal Trade Entry (OTE) zone.
Execute Your Trade: When the price enters this high-confluence POI, you can look for your entry trigger. Set your stop-loss below the structural low (for a long) or above the structural high (for a short). Your target can be the next liquidity level or structural high/low.
How to Install on TradingView
Installing the indicator is simple. Just follow these steps:
Download the Script: Click the download button below to get the .txt file containing the Pine Script code.
Open TradingView: Go to your TradingView chart.
Open Pine Editor: Click on the "Pine Editor" tab at the bottom of your screen.
Paste the Code: Delete any existing text in the editor and paste the entire code from the downloaded file.
Add to Chart: Click the "Add to Chart" button at the top right of the Pine Editor.
The indicator will now appear on your chart, ready to go!
Download The Indicator Script
Click the button below to download the complete Pine Script code.
Download
Support Our Work
We are passionate about creating high-quality, free tools to help the trading community. If you find this indicator valuable and it helps you in your trading journey, please consider supporting our efforts.
A small donation of $5 would be a great motivation for us to continue developing and sharing more tools like this. Thank you for your support!
Trading involves substantial risk and is not suitable for every investor. The indicator and information provided here are for educational purposes only and should not be considered financial advice. Always perform your own due diligence and risk management before entering any trade.
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