OPEN-SOURCE SCRIPT
Smart Money Concepts with EMA + RSI - DrSaf
Description
This indicator combines LuxAlgo’s Smart Money Concepts (SMC) framework with a trend and momentum confluence system.
Core Features:
Added Filters:
Clear long/short signals based on:
Signal Logic
Designed for non-repainting execution, clean chart structure or systematic trading.
Indicator plots EMA 21, EMA 50, and EMA 200 to define trend structure and dynamic support/resistance.
EMA 21/50 crosses highlight momentum shifts but are not intended as standalone entry signals.
License
Based on LuxAlgo Smart Money Concepts
CC BY-NC-SA 4.0 (Non-Commercial)
This indicator combines LuxAlgo’s Smart Money Concepts (SMC) framework with a trend and momentum confluence system.
Core Features:
- Swing & internal BOS / CHoCH
- Order blocks, fair value gaps, equal highs/lows
- Premium & discount zones
- Multi-timeframe high/low levels
Added Filters:
- EMA 21 / 50 / 200 trend alignment
- Optional RSI 50 momentum filter
Clear long/short signals based on:
- Swing CHoCH
- Higher-timeframe trend alignment
- Momentum confirmation
Signal Logic
- Long: Bullish CHoCH + EMA bullish structure + RSI confirmation
- Short: Bearish CHoCH + EMA bearish structure + RSI confirmation
Designed for non-repainting execution, clean chart structure or systematic trading.
Indicator plots EMA 21, EMA 50, and EMA 200 to define trend structure and dynamic support/resistance.
- EMA 200: overall trend bias
- EMA 21 and EMA 50: pullback support for high probability trend entries.
EMA 21/50 crosses highlight momentum shifts but are not intended as standalone entry signals.
License
Based on LuxAlgo Smart Money Concepts
CC BY-NC-SA 4.0 (Non-Commercial)
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.
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.
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.