The Smart Super Renko Price Bars are a structured bar (from the Price Action Quadrant or category) that in and of themselves can show you support and resistance on a chart. These bars are extremely flexible and enable you also to do offsets that come in handy for all kinds of applications and research. Most importantly, they work with Tick Replay so you can see inside bars historically on the indicators. With this toolkit, I run the chart in this mode. This bar type also comes with an extensive manual covering many aspects of bar theory and application.
The Smart Momentum (from the Momentum Quadrant or category) is a premium Momentum Indicator that adapts to cycle lengths in 2 dimensions. I have used this concept for as long as I have been trading and it is one of the primary reasons I have had the luxury of living my life as a trader. One of the main patterns we have used this for is called the T2 divergence pattern. If you use this in conjunction with the Smart Price Bands add on at check out and /or the Smart Break Points option you will enhance functionality and programming if you are doing programming with Shark Indicators Bloodhound. The pattern described above for this indicator is covered in detail in the manual.
The Trapped Trader Oscillator Advanced (TTOA) is a 4th generation order flow indicator (from the Order Flow Quadrant or category). When I first began using order flow analysis, most of the tools out there for this and available information involved order flow ladders. This is tiring to keep track of. The TTOA takes all the order flow information you need and displays it as a shape. We have over 20 patterns (or shapes) on this indicator that show where traders are trapped in the market and / or where there is exceptional order flow momentum (for continuation of market movement). So, this indicator takes minimum energy to use and the patterns are relatively easy to learn. The manual goes over at least 20 known patterns in detail. It’s pretty awesome! When I load the TTOA in Tick Replay mode and / or “On Each Tick,” it can even show me exploitable / actionable order flow inside the bars. This is great for scalping and for knowing where probabilities to hold are in your favor. There’s quite a lot of science behind it in years of research and development.
The Smart Price Bands that we use were developed as a self adjusting triggering system for trading in any market on any bar type in any time frame. Smart Price Bands are simple, they create an area that pricing will trade through. When price leaves the bands the market often becomes directional and it can therefore be an excellent breakout / trend trading opportunity in many cases. Using bands is best used with other techniques to find premium trade opportunity so they are not recommended as a stand-alone system. Smart Price Bands can also be used as a trend tool as the bands will change color according to the market direction. We use this concept in conjunction with the Smart Momentum to identify the basic bread and butter trading pattern we’ve used for years in our trading room called, “The Gift” trade. The Gift Trade is covered in the manual.
The SmartBreakPoints Indicator is designed to show divergent conditions in an indicator by feeding the indicator into the SBP indicator. It is also excellent for showing certain types of support and resistance on price charts. It also outputs its condition for use in programming. In this way, it is a “Specialty” indicator that enhances the functionality of other indicators or price bars etc. When I first began teaching trading, one of the first things I learned was it was difficult for traders sometimes to be able to see certain types of divergences. Further, it was difficult to see them before they happened (which is a very good thing to be able to do when trading; to know before). The SBP can solve this issue and help get you in the future. Smart BreakPoints are also useful when applied to your chart to Price. This makes it easy to see where the market is trending and the price action is staying intact. Smart Break Points enables you to identify divergence patterns in virtually any indicator. Most commonly it is used on Oscillators like the Trapped Trader Oscillator or Smart Momentum. It can also be used on Price as a trend indicator and/or for Support / Resistance metrics. Smart Break Points also enables you to send the output condition to Shark Indicators BloodHound and easily use in programming there for any number of line breaks. It can save you a lot of extra coding because of this.
The Smart Support and Resistance indicator shows 18 different plots / key levels that are critical for intraday or swing traders. Each level is selectable so it can be turned off or on to meet the needs of any user. Many of the levels in the Smart Support Resistance indicator have known statistics / tag rates ranging from about 75% to up into the mid 90% area. As a market moves towards these target / support resistance areas, at some level they become a magnet for price. We call this “Pulling.” Further, we call it “As is Goes.” The “As it Goes” and “Pulling” concepts are associated with the probability for the level being tagged increasing as price moves towards the level. This is particularly true where other signals from the Price Action and Indicators are signaling towards the target. In this case, you have one side “Pushing” and the other “Pulling.” When this occurs, the chances of going there become “Stacked” based on known statistical methods. Trading in these kinds of situations is typically much better than ordinary methods of trading as things stack in your favor. The manual covers applications and statistics based on what we are describing here.
Smart Super Trend
The Smart Super Trend is a unique and revolutionary order flow analysis tool that takes Order Flow and converts and plots it on your price chart as support and resistance with two modes of operation. In this way, it creates a kind of order flow support / resistance indicator. It can also help track order flow in a price range from below and above and tell you if the market is in immediate consolidation or trending up or down on any market, bar type in any intraday time frame. SmartSuper Trend can work well with the Smart Super Renko, Ultimate Tick Bars and Ultimate Order Flow bars and is particularly well suited to these bars. Smart Super Trend also gives you support and resistance levels which can be used for stop placement and / or for triggering trades when price goes through the level. Therefore, Smart Super Trend is much more than just a trend tool- it can be a stand-alone trading system when combined with the right price bar but is best when combined with other Smart Tools. The manual covers theory and applications.
Smart Volume Profile
The Smart Volume Profile for NT8 Plots the Value Area High, Value Area Low and Point of Control using Market Profile concepts. Typically Profiles are applied to 30 minute charts, but the new version can do it on any chart. We have also upgraded the plotting capabilities. Volume or Market profiling lets you see volume (or time) at price. This is a key factor in differentiating between what is called “value” and “price” and the difference between “value” and “price.” Many kinds of analysis can be done with this tool based on the levels, where you open in relation to them, the shapes of the profiles, the shapes of the profiles in relation to prior profiles and many other methods and techniques. This tool comes with a comprehensive manual and resources for all these methods. The manual also covers common statistics associated with profiles and can be a very important part of trading and market analysis. The Smart Volume Profile is part of the Smart Patterns Trading System Ultra Plus Pack and above.
The Smart Halfback is a Support Resistance, Trend and Counter Trend indicator that defines 50% retracement is a scientific / repeatable way in 3 dimensions. Though it is very simple, it keeps track of the midpoint of the various sessions and we use this as a form of a trend indicator and have established statistics for how it is defended at various points during the day. For example, you tend to close 30 minute periods to one side of it, typically that you opened to. Further, this is often a key area of support or resistance. If the market touches the halfback from above or below (and particularly so if it has been closing to that side), it will often be a defended area and resumption of the original tendency may be expected. In this way, Smart HalfBack acts as a trend and counter trend indicator. We always keep this on our charts for the above reasons! The indicator keeps track of 3 halfbacks: The prior day, the overnight, and the current (developing) session. You could set the times differently if desired, but this is the way we have always used it and have developed statistics and etc. for it (and we use this daily in our trading room). The Smart Halfback is part of the Smart Patterns Trading System Ultra Plus Pack and above.
The Smart Periods indicator is a Price Action / Support Resistance & Market Mapping indicator that we use to plot 30 minute periods over other bar types such as the Smart Super Renko. Many of the statistics we’ve developed in the trading room over the years involve 30 minute period ranges and the sequencing of 30 minute periods over various intervals. This has resulted in the development of Market Maps such as the Three Period Probability Walk, then that evolving into 4 Period walks, then the evolution of the Smart Super Map and then the current highest Generation, The Smart Ultra Map (These Maps are available from the Trading Room only as a subscription), though you do not need this to benefit nicely from this tool. Smart Periods can be used to keep track of movements, their ranges and boundaries. The Two Basic Uses then, are: 1) Keeping Track of 30 minute Period extremes and Developing Ranges on your trading chart. 2) Keeping Track of Mapping, Sequencing and Developing Ranges. The indicator tracks developing Range over the 5 most recent periods and, additionally the Current Session Developing Range, the Overnight Range and Globex Ranges. Markets tend to follow these criteria based on the concept of market memory. The Smart Periods tool is part of the Smart Patterns Trading System Ultra Plus Pack and above.
The Smart Zones is a Support and Resistance indicator and it can also be used for trend analysis. Zones are areas where the market has reversed its course in the past and changed the direction of the trend. Areas where this occurred are important because they involve a point where the supply / demand equation reversed. As a result, when the market starts to go near these areas again in the future, it will often stop and find Support / Resistance. These areas occur on all kinds of charts. As a result, this may be one of your most important kinds of support and resistance analysis. Other indicators in this kind of category such as the Smart Daily Targets, Smart Zones, Smart Volume Profile, Smart Break Points and Smart Support Resistance make possible the analysis of one of the Four main Quadrants of Market Analysis and are an important area of knowledge. The manual covers theory and application in the areas of Support Resistance and Trend analysis. Smart Zones is part of the Smart Patterns Trading System Ultra Plus Pack and above.
Smart Volume Ratio
Smart Volume Ratio is an order flow and order flow momentum tool helps us to see a form of volume and order flow behavior you cannot simply see by looking at a tool like the Smart Delta or Smart Super Cumulative Delta tools. It shows us the front weighted ratio between two different time frames of order flow. In this way it acts like an order flow momentum tool. This makes it possible for us to see volume or order flow accumulating (or distributing) in time and the rate of change in that volume according to the following concepts: 1) Order Flow leads price. 2) Order Flow divergence is powerful. 3) Order Flow can vary at different times of the day. 4) Volume / Order Flow analysis is point to point.
5) The Smart Volume Ratio can also be used to show strong Order Flow Momentum and therefore to identify where continuation of a move is likely. We have even built stand alone trading systems based on this one quadrant of market analysis or use it as a mode of analysis for probability stacking with other indications of what the market is doing. The Smart Volume Ratio is part of the Smart Patterns Trading System Ultra Max Plus Pack and above.
Ultimate Tick Bars
The Ultimate Tick Bars (UTBs) are an order flow bar that focuses on the order flow ticks. This method of setting up a chart shows where pressure and price are moving directionally. When setting up a chart, you are making a decision as to what information you are feeding your indicators. This is an important thing to consider. Different bars have different advantages or disadvantages depending on what you are trying to do with the chart. Many bar types essentially feed random data to your indicators. This makes readings from indicators noisy and less clear than they could be if they are fed clean directional data. The bars show pressure and order flow in such a way that you can see patterns in pressure and non pressure based on the bar ranges. As a general rule, the UTBs will print small ranges where the market is moving aggressively. Where it is not, the bars will print wider or larger ranges. The bars will also close at the extreme of the bar because the bar is essentially based on order flow momentum. This, as mentioned above is key to feeding clean data to the indicators on your chart as it may be applicable. There are several patterns we have identified in the bars themselves that are associated with trend continuation and pressure: 1) The encompassing pattern, where the tail of the bar will encompass the prior price bar. 2) The tail on the bar is against the trend. 3) The range expansion bar. 4) Breakouts. These patterns can be used together or separately to identify opportunity and also in conjunction with other price action patterns that are covered in detail in the manual. This bar is also designed to work in Tick Replay mode and has bar offset and referencing capabilities. The Ultimate Tick Bars are part of the Smart Patterns Trading System Ultra Max Pack and above.
Ultimate Order Flow Bars
The Ultimate Order Flow Bars (UOFBs) are an order flow bar that focuses on the Bid/Ask order flow / actual buying and selling pressure. This method of setting up a chart shows where pressure and price are moving directionally. When setting up a chart, you are making a decision as to what information you are feeding your indicators. This is an important thing to consider. Different bars have different advantages or disadvantages depending on what you are trying to do with the chart. Many bar types essentially feed random data to your indicators. This makes readings from indicators noisy and less clear than they could be if they are fed clean directional data. They bars show pressure and order flow in such a way that you can see patterns in pressure and non pressure based on the bar ranges. As a general rule, the UOFBs will print small ranges where the market is moving agressively. Where it is not, the bars will print wider or larger ranges. The bars will also close at the extreme of the bar because the bar is essentially based on Bid/Ask order flow momentum. This, as mentioned above is key to feeding clean data to the indicators on your chart as it may be applicable. There are several patterns we have identified in the bars themselves that are associated with trend continuation and pressure: 1) The encompassing pattern where the tail of the bar will encompass the prior price bar. 2) The tail on the bar is against the trend. 3) The range expansion bar. 4) Breakouts. These patterns can be used together or separately to identify opportunity and also in conjunction with other price action patterns that are covered in detail in the manual. This bar is also designed to work in Tick Replay mode and has bar offset and referencing capabilities. The UTBs are a part of the Smart Patterns Trading System Ultra Max Pack and above. Ultimate Order Flow Bars are part of the Smart Patterns Trading System Ultra Max Pack and above.
Smart Color Bars
The Smart Color Bars are in the Trend category and help to identify trending market conditions by painting the color of your price bars according to trend. The bars are designed to show trend persistency in two dimensions with early warning and full trend indications. When we designed this indicator we did so, like many of the Smart Indicators, to have statistical validity. This is based on the concept of auto-correlation. This sits at the foundation of trend theory. When a market is trending, it is following the path of least resistance. Part of the reason it trends is because it takes more energy to go back through a previously traversed region on in the price action or bar patterns (or both). This single concept, and the understanding of it, can be a big part of your understanding in how markets work. Some places are better for trend than others, and this can be best understood by combining this kind of analysis on a trading system comprised of various of the four main quadrants of trading system design; Price Action, Order Flow & Order Flow Momentum, Momentum, and Support and Resistance. This being said, the Smart Color Bars can be used as a stand-alone, or with other factors to achieve probability stacking as the market moves. One example might be using the concepts from the UTBs or UOFBs above. Smart Color Bar persistency AND small range bars could for example, be used as the basis of a properly designed trading system (Order Flow [the bar itself] + Trend / Price Action). In the original design research, we found the color bars will maintain color persistency at a level of approximately 87.5%. The Smart Color Bars are part of the Smart Patterns Trading System Ultra Max Pack and above.
Smart Dynamic Zones
The Smart Dynamic Zones is a highly evolved full function indicator for identifying patterns in any time series (price or any indicator) at or about inflection points or their midpoints. This tool helps to contextualize the market, any indicator or price using zone related concepts. It can even be used as a trend indicator. There are two modes of operation, Mode 1 and Mode 2. Mode 2 marks the level (or strength) of the input series at inflections (reversals). Mode 1 marks the midpoints. Originally this tool was designed to be used in conjunction with the Trapped Trader Oscillator on a pattern known as the COD or, “Cross Over Divergence.” Most kinds of divergence are based on seeing a divergent condition in an oscillator or indicator from the outside. What the Smart Dynamic Zones enables you to do is to see a divergent condition based on the inside and with order flow momentum going with the pattern. Once the tool was researched, designed and implemented, we began to find other excellent patterns (and uses) with the indicator. The manual covers these concepts and application both with price trend and as a divergence indicator. With the two modes, this opens the door for many possibilities with this tool and is a powerful add-on. The Smart Dynamic Zones are part of the Smart Patterns Trading System Ultra Max Pack and above.
Smart Patterns is a Price Action and Market Structure indicator that plots out the most basic market structure and price action patterns. This tool was originally developed as part of a market structure training course teaching price action principles in 3 dimensions. The tools for the course were developed in NinjaTrader7. From that original development, I have since begun teaching trading (based on Smart Patterns User requests) in the Trading Room where I teach the concepts from the course daily and continue to do so now for 7+ years. The course was never sold in parts as it was intended to be an integrated whole. However, over time, in the trading room, members asked me if they could get the Smart Patterns tool and it became very popular. The manual covers basic price action theory in detail with application.
Smart Patterns Colors
Smart Patterns Colors is the original Legacy Smart Patterns Trading System triggering system or background color changes on the chart for all markets and not requiring any 3rd party indicators like Shark Indicators Bloodhound. Originally this was done with Bloodhound exclusively, but i received many requests to be able to do programming with the template so we got this coded for that specific application. Further, Smart Patterns Colors can send its output state for programming in Bloodhound directly into Bloodhound and without the need for other indicators to operate. It works in any market. The manual covers applications and programming tips. Smart Patterns Colors is a part of the Smart Patterns Trading System Ultra Max Plus Pack and above.
The Smart Delta is the tool that sits at the basis (1st generation) of a fairly large percentage of our order flow tools for each generation of development and can also be used as a stand-alone tool or as a bar counter for the Ultimate Order Flow or Tick bars. The Smart Delta shows you net volume on your charts which is also called delta. Most volume tools and bar types based on volume are based on total volume. Total volume certainly has its place in analyzing market movement but Smart Delta is king when it comes to showing you immediate directional pressure. Understanding and analyzing directional volume is an important form of market and order flow analysis and is the basis of the Ultimate Tick Bars, Ultimate Order Flow Bars, Smart Super Cumulative Delta, the Trapped Trader Oscillator, the Trapped Trader Oscillator Advanced, the Smart Delta Divergence, and is a key input to other IndicatorSmart tools and Smart Patterns Colors. So why might so many of our tools use this general concept as an input or as a trading tool and/or bar type? Because market data that is associated with Smart Delta is the only kind of volume that is directly related to market movement and is a key to trading success. Further, such order flow, when properly organized can lead price movement, making it somewhat predictive. We say, Order Flow “leads Price.” The Trapped Trader Oscillator Advanced for example has over 20 signals associated with it that are known to be involved with statistically significant market continuation patterns, signals, or for money management applications. This overall concept begins here with this tool. The Smart Delta works in Upticks/Downticks mode, Bid/Ask mode and is fully compatible with NT8’s Tick Replay mode. Smart Delta is a part of the Smart Patterns Trading System Ultra Max Plus Pack and above.
Smart Super Cumulative Delta
The Smart Super Cumulative Delta (SSCD) is a 2nd generation order flow tool that can be used to predict price movement in the market based on the concept that Order Flow tends to Lead Price. At one time, we published probabilities for this indicator to follow through but we now have the Trapped Trader Oscillator (TTO) (3rd generation) and Trapped Trader Oscillator Advanced (TTOA) (4th generation) for which we have many known patterns and probabilities. One of the main differences is the TTO / TTOA present order flow AS geometry or shapes on your chart. The SSCD can be used in the same way, but these 3rd and 4th generation tools (TTO / TTOA) make such analysis clearer and we have, since their development, and due to the generalized notion that Order Flow tends to Lead Price, have developed this further through much observation and testing. We teach this daily in our trading room for the latest and up to date developments and statistics, some of which are > 90% for follow through / success with sample sizes in the 10s of thousands of observations. This does not discount the SSCD in any way, it is just a different tool at this point in the advancement of these technologies. Further, used in conjunction with the highs and lows functionality, you can find some good order flow traps that are actionable. This functionality is in the manual with theory and application. The Smart Super Cumulative Delta is a part of the Smart Patterns Trading System Ultra Max Plus Pack and above.
Smart Dynamic Acceleration Detection
Smart Dynamic Acceleration Detection identifies patterns in any time series (price or any indicator) where the indicator or price is in a state of acceleration over the most recent bar / interval. This tool helps to contextualize the market, any indicator or price and can be used as a trend (or trend continuation) indicator. This concept can be a key factor in market order flow or price acceleration and momentum. Typically this is used for “Probability Stacking” in conjunction with other trading tools. This tool also has outputs to make coding in Shark Indicators Bloodhound simple and is covered in the manual. The Smart Dynamic Acceleration Detection tool is a part of the Smart Patterns Trading System Ultra Max Plus Pack and above.
Smart Daily Targets
The Smart Daily Targets Tool answers the question, “at what point do traders begin to agree the range for the day is too much.” Of course many factors come together to answer this question, but the basic logic goes like this, “if the market usually goes up 10 points and we are up 10 right now, do I still want to be long or initiate new positions with the same intent as before this happens?” The converse is true for the downside. So, people who are in the market every day, this particular group, is inclined to be thinking this way at the relevant points. The Smart Daily Targets computes two different probability “hit rates” at 77% and 94% to tag. Many times these targets can be a substantial distance away making it a good addition to your trading toolbox in the “Targets” category. The manual covers theory and application and settings for the ES, RTY/TF, CL, GC, ZB and 6E markets . The Smart Daily Targets are part of the Smart Patterns Trading System Get it All & Trading Room packs.