WeAxes SMC Pro - Complete Trading System

Overview

WeAxes SMC Pro is a comprehensive trading indicator that combines Smart Money Concepts (SMC) with multi-timeframe trend analysis. This powerful tool helps traders identify high-probability setups by aligning price action, market structure, and momentum across different timeframes.

Key Features

1. Multi-Timeframe Trend Alignment

Dual EMA System: Tracks EMA 5/10 on both current and H1 timeframes
Trend Confirmation: Requires alignment between current TF and H1 TF for optimal setups
Visual Band Display: Colored H1 EMA band (green for bullish, red for bearish)

2. Smart Money Concepts Integration

Support/Resistance Detection: Automatically identifies key H1 swing levels
Break & Retest Logic: Detects institutional order block patterns
Market Structure Analysis: Identifies recent highs/lows for momentum confirmation

3. Advanced Confluence Scoring System

The indicator calculates a comprehensive score (0-12 points) based on:

Trend Alignment (0-4 points): Multi-timeframe EMA alignment
S/R Analysis (0-4 points): Support/resistance breakouts and retests
Volume Confirmation (0-2 points): Volume spike analysis
RSI Momentum(0-2 points): Momentum filter customization
Price Action (0-2 points): Candlestick pattern strength

4. Visual Enhancements

Color-Coded Candles: Automatic candle coloring based on trend alignment
Dynamic S/R Lines**: Recent support/resistance levels plotted on chart
- **Background Highlights**: Visual alerts for strong alignment conditions

Setup & Configuration

Basic Settings (WeAxes SMC Settings)

Show Score Table: Toggle the confluence scoring table
Min Confluence Score: Set minimum score for high-probability alerts (3-10)
Volume Confirmation: Enable/disable volume analysis
RSI Filter: Add momentum confirmation with RSI

Trend Following Settings

H1 EMA Band: Show/hide the H1 trend band
Candle Coloring: Automatic candle coloring based on alignment
RSI Filter Settings: Customize RSI thresholds for bullish/bearish conditions
Smoothing Options: Choose smoothing method for H1 EMAs

How to Use

Step 1: Identify Trend Direction

Look for BULLISH ALIGN or BEARISH ALIGN in the score table
Confirm H1 EMA band color matches your bias (green = bullish, red = bearish)

Step 2: Check Confluence Score

8-12 Points: Perfect setup - strong trend + S/R confluence
5-7 Points: Good setup - moderate confluence
3-4 Points: Weak setup - proceed with caution
0-2 Points: Avoid trade - no clear edge

Step 3: Analyze Market Structure

Support/Resistance Levels: Check plotted S/R lines
Break & Retest: Look for recent breakouts with retest confirmation
Price Action: Strong bullish/bearish candles near key levels

*Step 4: Entry Confirmation

LONG SETUPS:

- Bullish alignment (current + H1)
- Price above key EMA levels
- Support hold or resistance break
- High confluence score (5+)
- Green candle coloring

**SHORT SETUPS:**

- Bearish alignment (current + H1)
- Price below key EMA levels
- Resistance hold or support break
- High confluence score (5+)
- Red candle coloring

Trade Management

Entry Signals

Perfect Setup: Score 8+ with all components aligned
Good Setup: Score 5-7 with strong trend + S/R confluence
Avoid: Near opposite S/R levels or low scores

Risk Management

- Use detected S/R levels for stop loss placement
- Position size based on confluence score strength
- Avoid trades when score table shows "NEAR RES - AVOID" or "NEAR SUP - AVOID"

Exit Strategy

- Monitor for trend alignment changes
- Watch for candle color shifts
- Use subsequent S/R levels for profit targets

Pro Tips**

1. Combine Timeframes: Use H4 for direction, H1 for structure, current TF for entries
2. Volume Matters: High volume on breakouts increases setup validity
3. Patience Pays: Wait for full alignment rather than forcing marginal setups
4. Score First: Let the confluence score guide your trade decisions
5. Practice: Backtest to understand how different score combinations perform

Customization

The indicator is highly customizable:

- Adjust RSI thresholds for different market conditions
- Modify score thresholds based on your risk tolerance
- Toggle visual elements to reduce chart clutter
- Customize colors to match your trading style

⚠️ Disclaimer

This tool is designed to assist with analysis, not replace it. Always combine with proper risk management and market context. Past performance doesn't guarantee future results.