GoldSmcScalperTmk
- Indicators
- Version: 1.0
GoldSmcScalperTmk is a Smart Money Concepts scalper built for gold. It waits for the market to take out liquidity above or below a swing, then requires a real change of character before it will show you anything. Every signal is scored, and signals below your confidence threshold are never drawn.
HOW A SIGNAL IS BUILT
Step 1 - Liquidity sweep. Price must run past a recent swing high or low and close back inside it, with a dominant rejection wick and a minimum sweep size. That is the stop hunt. A sweep arms the setup; it is not yet an entry.
Step 2 - Change of character. After the sweep, price must break the last internal structure point in the opposite direction. This is what separates a real reversal from a pause. You can turn this requirement off if you prefer earlier, more frequent signals.
Step 3 - Filters. The armed setup must also pass the filters you enable: EMA 9/21 alignment, RSI in the correct zone, a volume spike above its moving average, and the H1 trend direction. Setups expire automatically if nothing confirms within your timeout.
Step 4 - Confidence score. Everything that agreed is added into a 0-100 score: the sweep itself, the change of character, position inside the Fibonacci golden zone, presence of a fair value gap or order block, EMA alignment, RSI, volume, and whether you are inside a kill zone. If the score is below your minimum, no signal appears.
WHAT YOU SEE ON THE CHART
One clean arrow marks the entry. Hover it and a tooltip gives you the entry price, stop loss, take profit and the confidence score of that exact signal, so the chart itself stays uncluttered.
Dashed stop loss and take profit lines are drawn from the signal, sized from the sweep extreme and an ATR buffer, at your chosen risk-to-reward ratio. They expire on their own.
Entry zones from order blocks are filled and clearly tagged BUY ZONE or SELL ZONE, so a beginner knows exactly where the area is. Fair value gaps and liquidity sweeps are drawn as light dotted outlines with small FVG and LIQ tags, so context never competes with the entry level. Only the newest few zones of each type are kept, so the chart never floods.
The Fibonacci golden zone (0.618 to 0.65 of the last swing) is shown as a single live box that updates itself, not a new box on every candle.
ON-CHART PANEL
Kill zone and H1 trend badges, live EMA / RSI / volume / setup / Fib rows, two confidence meters that fill as buy and sell setups build, and a legend that explains what every zone colour means. Two panel positions, fully recolorable.
KILL ZONES
London and New York session windows are configurable. Important: the hours use your broker server time, not GMT. If your broker is GMT+3, shift the hours accordingly.
NON-REPAINTING BY DESIGN
All structure, zones and signals are computed from closed bars only. Nothing is repainted onto history.
Designed and tuned for XAUUSD on M5 to H1, but it runs on any symbol and timeframe.
This indicator is an analysis and visualization tool. It does not place trades automatically and does not guarantee profit. Always validate on a demo account and combine it with your own risk management.
