ICT SMC — OB & FVG (Enhanced v6)

The ICT SMC — OB & FVG (Enhanced v6) indicator provides a comprehensive toolkit for identifying institutional order blocks and fair value gaps with integrated session filtering and signal scoring.

Usage

This tool is designed to automate the detection of key Smart Money Concepts (SMC) zones. Traders can use the highlighted Order Blocks (OB) and Fair Value Gaps (FVG) as areas of interest for potential reversals or trend continuations.

Signal Scoring

The script includes a built-in scoring system that evaluates trade quality based on EMA slope, volume confirmation, and market structure breaks. When a score of 3 or higher is achieved during an active trading session, a signal triangle is plotted on the chart.

Session Filtering

Users can toggle specific trading sessions (Sydney, Tokyo, London, or New York) to ensure that signals and zone detections are only processed during periods of high market liquidity.

Details

The indicator utilizes several logical components to identify high-probability zones:

• Order Block Logic: Bullish and bearish OBs are identified by looking for a specific number of impulse bars followed by a significant price move relative to the Average True Range (ATR).
• Fair Value Gaps: Detected using price displacement logic, identifying three-candle sequences where a gap exists between the first candle's wick and the third candle's wick.
• Market Structure: Monitors swing highs and lows to detect structure breaks, adding confluence to the generated signals.
• Persistent Zones: Zones are drawn as boxes and remain on the chart for a user-defined number of bars or until they are no longer relevant.

Settings

• EMA Length: Sets the period for the primary trend-following Exponential Moving Average.
• ATR Length: Determines the period for Average True Range calculations used in impulse thresholds.
• Impulse Bars: The required number of consecutive candles in the same direction to qualify for OB detection.
• Impulse ATR Multiplier: The minimum price movement required (relative to ATR) to confirm an impulse.
• Zone Bars: The maximum number of bars a zone remains visible on the chart.
• Session Toggles: Enable or disable Sydney, Tokyo, London, and New York trading sessions.
• Visuals: Customizable colors for bullish/bearish OBs and FVGs.

FAQ

How do I use the signal scoring?

The signals appear as triangles when multiple confluences align, such as volume, trend direction, and session activity. You should use these as alerts for potential entries near detected OB or FVG zones.

Can I change the session times?

The sessions are hardcoded to standard New York (EST) times, but you can toggle which of the four major global sessions are active for signal filtering in the settings menu.

How do I access ICT SMC — OB & FVG (Enhanced v6)?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.