BLAKFX Trading System

Your indicator is an advanced Smart Money Concepts (SMC) trading system that combines multiple technical analysis approaches. Here's a detailed breakdown:

1. Core Components:

Market Structure Analysis:
- Break of Structure (BOS) detection
- Change of Character (CHOCH) identification
- Smart Money movement patterns
- Elliott Wave pattern tracking

Liquidity Analysis:
- Identifies buy and sell liquidity zones
- Marks liquidity points with circles (green for buy, red for sell)
- Tracks historical liquidity levels

Order Blocks:
- Detects bullish and bearish order blocks
- Shows them as colored boxes on the chart
- Uses volume confirmation for validation

Fair Value Gaps (FVG):
- Identifies both bullish and bearish FVGs
- Displays them as colored boxes
- Tracks historical FVG levels

2. Technical Elements:

Smart Money Technique (SMT):
- Uses EMA crossovers (50 and 200)
- Volume confirmation
- Shown as diamond shapes on the chart

Central Risk Transfer (CRT):
- Calculates equilibrium levels
- Shows as a yellow line on the chart
- Helps identify potential reversal zones

Elliott Wave Integration:
- Tracks wave counts
- Labels waves on the chart
- Helps with trend structure analysis

3. Trade Signals:

Entry Conditions:
- Long entries shown with green up arrows
- Short entries shown with red down arrows
- Combines multiple confirmations (SMT, liquidity, order blocks)

Visual Indicators:
- Color-coded for easy interpretation
- Historical signals maintained
- Clear entry and exit points

4. Risk Management:

- Built-in risk-reward ratio calculations
- ATR-based volatility consideration
- Clear trade information display

5. Customization Options:

Colors:
- Bullish/Bearish colors
- FVG colors
- Order block colors

Parameters:
- Lookback period
- Risk-reward ratio
- Various technical settings

6. Additional Features:

- Memory management (periodic array clearing)
- Alert conditions for entries
- Detailed trade information labels
- Historical pattern tracking

This indicator is particularly useful for traders who:
- Follow Smart Money Concepts
- Use institutional trading methods
- Need multiple confirmation layers
- Want clear visual signals
- Trade based on order flow and liquidity

Would you like me to elaborate on any particular aspect or explain how specific components work together?