Smash + Proba + BF

How it works

The script aggregates levels from three distinct sources: Smashelito newsletter, probability calculations based on options data, and BlackFlag/Krechendo Connect option-related levels. These levels are input as lists separated by semicolons, allowing traders to quickly visualize multiple potential price points of interest.

Each category of levels provides unique insights, with Smash levels from the newsletter, Proba levels calculated using probability metrics from options data, and BF levels from specialized trading platforms. The script transforms these raw inputs into visual markers on the trading chart, enabling quick strategic assessment.

Why it may be useful

Traders benefit from having multiple independent sources of potential price levels, which can help validate trading decisions and reduce individual source bias. These levels provide strategic reference points that can indicate potential support, resistance, breakout, or reversal zones across different market conditions.

By integrating levels from newsletters, probability calculations, and specialized platforms, traders gain a more comprehensive view of potential price movements. This multi-source approach increases confidence in identifying key trading opportunities and managing risk more effectively.

When to explore it

These levels are most effective in markets with clear directional trends or during periods of high market volatility where precise entry and exit points become crucial. Traders should use these levels in conjunction with other technical and fundamental analysis to validate potential trade setups.

The script is particularly useful for short-term trading strategies like scalping and day trading, where quick decision-making based on precise price levels can make a significant difference in trade outcomes. Traders should always combine these levels with their own analysis and risk management strategies.

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