The video covers three top indicators for smart money concept trading, with the first being the fxn Asian session range indicator, which color-codes trading sessions and is useful for backtesting. The second indicator is the higher high lower low strategy by Lonesome the Blue, which displays market structure and helps with analyzing higher highs and lower lows. The third indicator is not discussed in the video. Both the fxn indicator and higher high lower low strategy are free on TradingView.

My Top Three Indicators for Smart Money Concept Trading

Indicators are an essential tool for traders, especially those who use technical analysis. They provide a visual representation of market trends and help traders make informed decisions about when to buy and sell. In this article, we’ll be going over my top three indicators for smart money concept trading.

Indicator 1: FXN Asian Session Range Indicator

The FXN Asian Session Range Indicator is a powerful tool for tracking trading sessions. It color-codes the three primary trading sessions (London, Asian, and New York) and helps traders stay aware of the session they’re currently trading in.

This tool is useful for a variety of purposes, including backtesting. When backtesting, it’s important to test trades within the session that you normally trade in real-time. By using this indicator to track the session, you can ensure that you’re accurately testing trades within your preferred session.

The indicator is easy to use and customize. Personalize the colors to what is most visually appealing to you. The Style function allows you to turn off certain sessions, so you only see the sessions that match your trading preferences.

Indicator 2: Higher High Lower Low Strategy

The Higher High Lower Low Strategy, with source code by Lonesome, is a game-changing indicator that helps traders understand market structure. It shows all the higher highs, higher lows, lower highs, and lower lows necessary to map out market structure.

This indicator is ideal for traders who get lost in market structure and struggle to differentiate internal market structure from swing structure. It can also help traders decide which way to trade for the day, whether it’s a bullish or bearish market.

The indicator is free on TradingView and is applicable to any timeframe, from the 5-minute chart to the higher time frames. It’s also highly customizable. You can choose from a variety of symbols and adjust the sensitivity to show only the swing points or show all the minor structures as well.

Indicator 3: Supply and Demand Zones

The Supply and Demand Zones indicator is a popular tool among traders that helps identify regions in the chart where supply and demand are out of balance. It’s based on the idea that supply and demand are the main driving forces behind market movements.

Supply and Demand Zones are areas where the price has reacted strongly in the past, indicating that a significant amount of buying or selling pressure is likely to occur in the future. Traders use these zones to anticipate potential market movements and make informed trading decisions.

The indicator is highly customizable, allowing you to adjust the sensitivity to match your trading style. It comes with a variety of features, such as alerts, background shading, and customization for the zones themselves.

Conclusion

Indicators are a vital tool for traders, especially those who use technical analysis. The FXN Asian Session Range Indicator, Higher High Lower Low Strategy, and Supply and Demand Zones are my top three indicators for smart money concept trading. Each of these indicators helps traders make informed decisions about when to enter and exit trades. Use them to stay ahead of the curve and increase your chances of success in the market.