Smart Money Indicator MT5

Description

‍Features

‍This indicator includes many features relevant to SMC, these are highlighted below:

• Full internal & swing market structure labeling in real-time
• Break of Structure (BOS)
• Change of Character (CHoCH)
• Order Blocks (bullish & bearish)
• Equal Highs & Lows
• Fair Value Gap Detection
• Previous Highs & Lows
• Premium & Discount Zones as a range
• Options to style the indicator to more easily display these concepts

‍Settings‍

• Mode: Allows the user to select Historical (default) or Present, which displays only recent data on the chart.
• Style: Allows the user to select different styling for the entire indicator between Colored (default) and Monochrome.
• Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart.
• Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH).
• Confluence Filter: Filter non-significant internal structure breakouts.
• Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels).
• Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL.
• Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart.
• Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart.
• Equal Highs & Lows: Displays EQH / EQL labels on chart for detecting equal highs & lows.
• Bars Confirmation: Allows the user to select how many bars are needed to confirm an EQH / EQL symbol on chart.
• Fair Value Gaps: Displays boxes to highlight imbalance areas on the chart.
• Auto Threshold: Filter out non-significant fair value gaps.
• Timeframe: Allows the user to select the timeframe for the Fair Value Gap detection.
• Extend FVG: Allows the user to choose how many bars to extend the Fair Value Gap boxes on the chart.
• Highs & Lows MTF: Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels.
• Premium/ Discount Zones: Allows the user to display Premium, Discount, and Equilibrium zones on the chart