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Alert builder SMC Indicator Tradingview

April 3, 2023
Jens

Are you tired of constantly monitoring your charts, waiting for the perfect opportunity to strike? Well, fear not, my fellow traders, for Sonarlab has heard your cries for help and has delivered the goods! Introducing the first programmable alert system based on Smart Money Concepts - the tool you never knew you needed but won't be able to live without. 

With this new Beta feature, you can now program your own alerts in TradingView based on Smart Money Concepts, giving you the power to set your own rules and never miss a potential entry again. Whether you're on the hunt for a higher timeframe order block tap or a lower timeframe confirmation, this tool has got you covered. And let's not forget, Sonarlab was the first SMC Indicator provider on the market, so you can rest assured that this new feature is built on a solid foundation of expertise and innovation. 

In this article, I'll be showing you exactly how to make use of this game-changing tool and take your trading to the next level. So buckle up, traders, and get ready to program your way to success with Sonarlab's programmable alert system!

Introduction:

The Alert Builder is a new feature where users can create conditional alerts that will only fire off when multiple criteria have been met. Users can create what conditions they want by changing each of the “Steps” in the settings under “Alert Builder”. Once all the sequence of steps is completed in order without interruption, a final alert will be sent.

What are Steps?

Steps are made up of 3 sections, the DIRECTION, ACTION, and TIMEFRAME.

Step 1 [DIRECTION] [ACTION] uses Time Frame [TIMEFRAME]

Directions:

- Bullish

- Bearish

Action:

- Internal - Is true every time internal structure is bullish/bearish (what you’ve chosen above as your direction)

- BOS Internal - is true on each Internal Break of Structure

- CHoCH Internal - is true on each Internal Change of Character

- Swing - Is true every time swing structure is bullish/bearish (what you’ve chosen above as your direction)

- BOS Swing - is true on each Swing Break of Structure

- CHoCH Swing - is true on each Swing Change of Character

- Inside OB - is true when price has entered an Order Block.

Time Frame

Chart - Chart is the Time Frame you are currently viewing, listed next to the Symbol Name at the top left of the TradingView Window

2 - This is the second Timeframe you have selected at the top of the settings

3 - This is the third Timeframe you have selected at the top of the settings

Chart
Timeframe settings

Timeframe 1 = Chart = 1HR

Timeframe 2 = 4H

Timeframe 3 = Daily

Step 1 [Bullish] [Inside OB] using Time Frame [2]

Step 1 will pass when price is inside a Bullish 4H Order Block

Once Step 1 is complete, it will look for Step 2

Step 2 [Bullish] [CHoCH Internal] using Time Frame [Chart]

Step 2 will pass when price creates a 1HR CHoCH

Once both Step 1 and 2 (Step 3 is off) are complete, the indicator will send an alert

NZDUSD 1HR - Alert Signals for 4HR Order Block + 1HR CHoCH