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Nexalgo SMC

The structure of the market, drawn on your chart the moment it confirms.

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Market structure

Swings are tracked on two layers: short-term breaks for timing, major breaks for direction. A break needs a candle close beyond the swing, a wick does not count. Each break draws a line from the swing to the candle that broke it.

  1. After the turn up, price closes above the last swing high: BOS, the new move continues.
  2. The first close below a swing low against that move, in line with the major downtrend: CHoCH+, the strongest of the three labels.
  3. Price closes below a major swing low: a major BOS, drawn thicker with a larger label, confirms the downtrend.

Order blocks

When structure breaks, the zone the move came from is drawn and extended to the right. Two bars at its edge split the volume inside it into buying and selling, and a label shows the total and the delta. The zone is removed once price breaks through it.

  1. A break of structure turns the zone the move came from into an order block, with its volume and delta: 2.8K, +46.1%.
  2. Price comes back down into the zone.
  3. A candle closes below the zone: it is broken and removed. The older zone below is still in place.

Fair value gaps

A fast three-candle move can leave a band that never traded. It is shaded with its midline and stretches forward until price fills it. Filled gaps are removed, and a minimum size keeps tiny gaps off the chart.

  1. A fast three-candle drop leaves a bearish gap: the untraded band is shaded, with a dotted midline.
  2. On the way back up, a fast rise leaves a bullish gap below it.
  3. A candle closes above the bearish gap's midline: the gap counts as filled and is removed. Wicks alone did not count.

Equal highs and lows

Two turning points in a row that stop at almost the same price are joined by a dashed line. These are the places where resting orders are likely to collect. A pair appears a few candles after the second turning point, once it is confirmed.

  1. Two turning-point highs stop at almost the same price: a dashed line joins them, equal highs.
  2. Two lows do the same: equal lows.
  3. After a sharp drop and a rebound, two more lows line up: equal lows again.

Support and resistance

Confirmed turning points become levels that extend to the right. A level is removed as soon as a candle closes beyond it, so only levels that still hold stay on the chart. Three strength presets decide how significant a turning point must be.

  1. A turning-point low is confirmed: a support line appears at its price and extends to the right.
  2. A candle closes below the support: the level is broken and removed. Wicks below it did not count.
  3. After the rebound, a turning-point high is confirmed: a new resistance line appears.

Premium and discount

The range of the major structure is split into premium above and discount below, with a balance line in the middle. A label at current price shows where it sits in the range, next to the chance of a breakout. After a breakout, a dotted target appears as a reference, not a forecast.

  1. Price closes in the premium band: the label changes from "72% · equilibrium" to "86% · premium" and the breakout chance rises to 74%.
  2. Price leaves the range to the upside: the label reads "broke up", a solid line marks the broken edge and a dotted target appears.
  3. Dashed zones show where the next premium and discount are forming, from the broken edge to the new high.
  4. The high of the move is confirmed as a major swing: the range steps up, with new premium and discount bands.

Higher timeframe levels

Lines mark the high and low of the previous day, week and month: PDH, PDL, PWH, PWL, PMH and PML. They come only from completed periods, so they never shift while the current one is still forming.

  1. A new day begins: PDH and PDL move to the high and low of the day that just closed.
  2. A new week begins: PWH and PWL move to the high and low of the week that just closed, and the day lines move with them.
  3. Another new day: PDH rises to the top of the previous day's rally.

Trend dashboard

A small table shows the trend on your current chart timeframe, next to the direction of the major structure. A row reads UP or DOWN only when two separate readings agree, otherwise it reads NEUTRAL.

  1. The current chart trend turns from DOWN to UP.
  2. The chart trend remains UP while Structure still reads DOWN.
  3. Price closes above the last major swing high: Structure turns UP, and both rows agree.

Volume profile

Two profiles sit to the right of the latest candle. The left side shows at each price whether buyers or sellers won, the right side how many candles traded there. A highlight line marks one price you choose, such as the most traded one.

  1. Delta per price on the left, time at price on the right, and a red line at the most traded price.
  2. Price settles lower and trades there for hours: the profile is redrawn and the line moves down to the new most traded price.

Alerts

Every event on the chart can raise an alert: structure breaks, zone touches and breaks, new and filled gaps, equal highs and lows. Alerts follow the market, timeframe and conditions you select.

  1. A change of character raises the first alert.
  2. Equal lows form: the next alert.
  3. Equal highs form: a third alert, each one naming the ticker and timeframe.

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Part of Essentials and Complete.

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