OPEN-SOURCE SCRIPT
Smart Money Matrix ICT + Volume Profile [Point algo]
This indicator is a comprehensive institutional-grade toolkit designed to bridge the gap between Market Structure (SMC/ICT) and Volume Analysis (Volume Profile). By combining these two distinct analytical disciplines, the indicator provides a high-confluence "Matrix" view of the market, helping traders identify where high-conviction orders are resting and how price structure is reacting to them.
Core Functionality
The script is divided into three primary modules that work in synergy:
1. ICT & Smart Money Structure
This module tracks the "DNA" of market movement using high-precision pivot detection:
2. Advanced Volume Profile (VP)
While most volume profiles are static, this engine calculates volume distribution over a user-defined lookback period to find the "fairest" price levels:
3. Master Intelligence Dashboard (HUD)
A real-time terminal in the corner of your chart that synthesizes all data points:
How to Use
Technical Breakdown
Disclaimer: Trading involves significant risk. This tool is designed for technical analysis and educational purposes. It does not provide financial advice. Past performance of structural patterns is not indicative of future results.
Core Functionality
The script is divided into three primary modules that work in synergy:
1. ICT & Smart Money Structure
This module tracks the "DNA" of market movement using high-precision pivot detection:
- Market Structure Shift (MSS) & Break of Structure (BOS): Automatically identifies trend transitions and continuations.
- Liquidity Sweeps: Highlights "stop hunts" where price wicks beyond previous swing points before reversing, signaling institutional absorption.
- Dynamic Fair Value Gaps (FVG): Plots active FVGs and automatically removes them (mitigation) once price returns to fill the imbalance.
2. Advanced Volume Profile (VP)
While most volume profiles are static, this engine calculates volume distribution over a user-defined lookback period to find the "fairest" price levels:
- Point of Control (POC): The price level with the highest traded volume, acting as a massive magnet or pivot.
- Value Area (VAH/VAL): Highlights the zone where 70% (customizable) of the volume took place, distinguishing between value-driven moves and "excess" price action.
- Bull/Bear Volume Split: The profile histogram is color-coded to show whether buyers or sellers were more aggressive at specific price nodes.
3. Master Intelligence Dashboard (HUD)
A real-time terminal in the corner of your chart that synthesizes all data points:
- Market Bias: Real-time bullish/bearish/neutral status based on structural breaks.
- Zone Positioning: Instantly tells you if price is above, below, or at value (POC).
- Distance Metrics: Calculates the percentage distance to the POC for mean-reversion planning.
How to Use
- High Confluence Entry: Look for a Liquidity Sweep or MSS that occurs exactly at the Value Area Low (VAL) or POC. This suggests institutions are defending a high-volume zone.
- Targeting: Use the POC as a primary take-profit level during mean-reversion trades.
- Imbalance Trading: Use the FVG boxes to identify "magnets" in the market. If price breaks structure (BOS) and leaves an FVG near the Value Area High, expect a retracement to that zone before the next leg.
Technical Breakdown
- Pivots: Uses a customizable lookback length to detect swing points.
- Volume Binning: Divides the price range into numBins to calculate volume density accurately across the lookback period.
- Non-Repainting: All structural labels (MSS/BOS/Sweeps) and FVG boxes are calculated on closed bars to ensure signal integrity.
- Transparency: All features, from FVG transparency to the number of Volume bins, are fully adjustable via the user settings menu.
Disclaimer: Trading involves significant risk. This tool is designed for technical analysis and educational purposes. It does not provide financial advice. Past performance of structural patterns is not indicative of future results.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Unlock powerful tools & indicators → pointalgo.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Unlock powerful tools & indicators → pointalgo.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.