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.