Smart Market Structure Concepts MT5

Understanding Smart Market Structure Concepts MT5

Core Elements of Smart Market Structure Concepts

• Premium, Equilibrium, and Discount Zones
• Strong/Weak High/Low
• Automatic Fibonacci
• Optimal Trade Entry (OTE)
• Higher Highs, Higher Lows, Lower Highs, Lower Lows (HH, HL, LH, LL)
• Equal Highs and Equal Lows (EQH, EQL)
• Buy Stops Liquidity and Sell Stops Liquidity (BSL, SSL)
• Break of Structures (BoS) and Internal Break of Structure (iBoS)
• Change of Character (CHoCH) and Internal Change of Character (iCHoCH)
• Order Blocks (OB) and Internal Order Blocks (iOB)
• Breaker Blocks (BB) and Internal Breaker Blocks (iBB)
• Liquidity Voids
• Fair Value Gap (FVG) and Implied Fair Value Gap (IFVG)
• New Day Opening Gap (OG)
• High of the Day (HoD), Low of the Day (LoD), Open of the Day (OoD)
• Prior Day High, Low, Open, and Close (PDH, PDL, PDO, PDC)
• Prior Week High, Low, Open, and Close (PWH, PWL, PWO, PWC)
• Prior Month High, Low, Open, and Close (PMH, PML, PMO, PMC)
• Sessions and Kill Zones Trading Window
• Silver Bullet Trading Window

Features of the Indicator

• Customizable colors and opacity of elements
• Bubble style labels
• Sessions/Trading windows displayed over the price chart or on a timeline
• Exclusive algorithm to avoid labels/text overlapping
• Liquidity voids algorithm
• Candlestick painting based on trend and internal/swing trend alignment
• Alerts, push notifications, and email messages for key events

Global Variables for Automation

• Order blocks and structure breaks values accessible through global variables
• Variable naming conventions: 'SMP-'+_Symbol+'('+TIMEFRAME+')'
• For order blocks: '-IOB' for internal order blocks, '-OB' for swing order blocks
• For structure breaks: Add the pattern name as displayed on the chart

Additional Features

• Real-time market structure labeling
• Break of Structure (BOS) and Change of Character (CHoCH)
• Order Blocks with Volume metrics
• Strong/Weak High/Low labeling
• Supply & Demand Zones
• High Timeframe analysis
• Multi-Timeframe Dashboard
• Fractal Points
• Fibonacci Retracement and Profit Target
• Fair Value Gap Detection
• Liquidity Voids and Volume Imbalance
• Premium & Discount Zones
• Market Time Zones and Killzones
• Alerts for BOS, CHoCH, OB, etc.

Advantages of Using Smart Market Structure Concepts

• Accurate navigation of liquidity
• Optimal points of interest in the market
• Practical entries and exits based on price action
• Comprehensive analysis for informed decision-making
• Real-time updates and alerts for timely actions

Customization and User Experience

• User-friendly design
• Accessible for various expertise levels
• Comprehensive solution for advanced analysis
• Customization options for colors, labels, and alerts

Conclusion

• Smart Market Structure Concepts MT5 offers a robust set of tools for traders
• Combines multiple market structure elements for a holistic approach
• Empowers traders with real-time data and customizable features
• Enhances trading decisions with precise and practical insights