The world of forex trading has been revolutionized with the introduction of the SMC MT5 Software. This comprehensive indicator offers real-time analysis of the market structure, including internal and swing BOS/CHoCH, order blocks, premium and discount zones, and equal highs & lows, among other features. It enables traders to automatically mark up their charts with widely-used price action methodologies.
Understanding “Smart Money Concepts” (SMC)
The term “Smart Money Concepts” (SMC) is a relatively new yet extensively used term amongst price action traders. SMC helps traders to navigate liquidity and find more optimal points of interest in the market. It essentially aids in determining where institutional market participants have orders placed (buy or sell side liquidity), providing a more practical approach to entries and exits based on price action.
Feature-rich Indicator
The SMC MT5 Software is equipped with numerous features. It offers complete internal and swing market structure labeling in real time. It includes BOS (Break of Structure), CHoCH (Change of Character), order blocks (bullish and bearish), equal highs and lows, fair value gap detection, previous highs and lows, and premium & discount zones. It also provides the option to style the indicator to more easily display these concepts.
Customizable Settings
The software allows users to customize the settings according to their preferences. Users can select between Historical (default) or Present mode, which displays only recent data on the chart. They can choose different styling for the entire indicator between Colored (default) and Monochrome. It also displays the internal structure labels and dashed lines to represent them (BOS & CHoCH), and allows the user to filter non-significant internal structure breakouts.
FAQs
What is the SMC MT5 Software?
The SMC MT5 Software is a comprehensive indicator that provides real-time market structure analysis, allowing traders to automatically mark up their charts with widely-used price action methodologies.
What are Smart Money Concepts (SMC)?
Smart Money Concepts (SMC) is a term used amongst price action traders to more accurately navigate liquidity and find more optimal points of interest in the market.
What are the key features of the SMC MT5 Software?
The SMC MT5 Software includes features such as internal and swing market structure labeling in real-time, BOS/CHoCH, order blocks, equal highs and lows, fair value gap detection, and more.
For independent testing of this product, users can visit the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. We invite you to share your experience of using this product. This is an independent product review.
Please note that while these concepts don’t guarantee a trader to be trading within the presence of institutional or “bank-level” liquidity, they are a useful interpretation of market structure, liquidity, and price action.
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