Free SMC Tools on the MT5 Market: What Each One Actually Draws
The question I get about the free Smart Money Concepts indicators on the MT5 Market is rarely "which one should I use"; it is usually "which one draws the thing I am looking for". This list is organised around that question and nothing else.
How this list was made
On 8 October 2026 I opened the product page of each of the twelve third-party tools and wrote down the same four things: what the description says the indicator draws, what it says it does not draw or never mentions, whether it has alerts and through which channel, and the version number and update date shown on the page that day. Where a description is silent I write "not mentioned" rather than guessing, because a feature can sit in the inputs without being described, and I did not install those twelve tools for this piece. The exceptions are Order Block Zones and Structure Ledger, which are mine; for those two entries I also checked the shipped source, and I say so up front so you can weigh it accordingly.
The twelve third-party entries are what their product pages said on 8 October 2026, and I have not reread those pages since. My own two entries describe the versions that were live on 11 November 2026. No ranking, no star counts, no opinion on which one you should run. Versions change, so treat every entry as a snapshot and open the product page for the current state before you install anything.
Suites that draw structure, blocks and gaps together
SMC Analytics MT5 draws bullish and bearish order blocks, fair value gaps with an automatic size threshold, break of structure and change of character labels on both internal and swing structure, equal highs and lows, a premium and discount range with its equilibrium, daily, weekly and monthly highs and lows as horizontal levels, and optional HH, HL, LH and LL swing labels, with a settings panel on the chart and a choice of historical or present mode. Sessions and killzones are not mentioned, and the multi-timeframe part is levels rather than an overlay of higher-timeframe blocks. The description says it alerts on swing structure breaks and key market conditions; the channel is not named. Version 4.10, updated 13 September 2026.
SMC Nexus Market Structure draws break of structure and change of character at two levels, internal and external, order blocks with mitigation logic, a mid-line and a strength percentage label, equal highs and lows, and optional swing labels. It exposes six market-structure buffers an Expert Advisor can read with CopyBuffer, and states that structure breaks are confirmed on closed bars only. The description says that multi-timeframe order blocks, fair value gaps, Fibonacci tools, volume profile and alerts are left to the author's paid product, so this one has no alerts. Version 1.3, updated 19 August 2026.
SMC and ICT Structure Liquidity Dashboard draws break of structure and change of character with HH, HL, LH and LL labels and an optional internal layer, order blocks whose mitigated state can hide, fade or stay, fair value gaps with a minimum size and merging of overlaps, buy-side and sell-side liquidity at unswept swing points with optional equal highs and lows, a premium and discount split with an optional OTE band, Tokyo, London and New York sessions with adjustable killzone windows, and a dashboard summarising M15, H1, H4 and D1 bias, the nearest liquidity, gaps and key levels in pips. The description states that structure is detected on closed bars only and that the tool does not open trades, draw entry arrows or predict where price goes. Alerts are by popup, push or email for the events you pick, each firing once when the bar closes. Version 1.70, updated 6 October 2026.
Supply and Demand Order Blocks MT5 draws supply and demand order blocks, fair value gaps and break of structure, with a choice of drawing styles for the blocks. Change of character, liquidity, sessions, a dashboard and higher-timeframe overlays are not mentioned, and I could not settle from the description whether it has alerts at all. Version 2.5, updated 30 May 2025.
Tools built around zones
Order Block Finder draws order blocks on the chart timeframe, the last two shaded and earlier ones as empty rectangles, and can overlay the last bullish and bearish block from one higher timeframe, plus pivot, resistance and support lines, a candle countdown and an optional watermark. Fair value gaps, structure labels, a dashboard and alerts are not mentioned. Version 3.8, updated 17 March 2026.
Supply and Demand Zones MT5 draws zones built from clusters of support and resistance levels, with optional arrows at the levels and an optional readout of the distance to the nearest zone. The description says plainly that the zones repaint as new data comes in. Multi-timeframe display, fair value gaps, structure labels and a panel are not mentioned. There is one alert, off by default, that fires when price comes within a pip distance you set; the channel is not named. Version 1.0, updated 1 October 2024.
Order Block Zones is one of the two tools on this list that are mine. It draws supply and demand zones from a single rule: the last opposite-colour candle before a move that closes beyond its high or low within three bars and spans at least one ATR, measured from the far side of that candle to the breaking close. Up to five zones are kept by default, and a zone that has not been touched yet gets a bright border. A zone fades once a closed bar has traded into it and leaves the chart once price is through its far edge. It also draws fair value gaps on the chart timeframe, up to six unfilled three-candle gaps as thin outlined boxes, each kept until a closed bar has filled it completely, and the London and New York killzone windows as dotted outlines, 07:00 to 10:00 and 12:00 to 15:00 UTC by default. A panel shows zone counts, the distance to the nearest zone on each side, and a History sheet of the last twenty zone events with the reason each one left. It does not draw break of structure, change of character, equal highs and lows, premium and discount, liquidity sweeps or higher-timeframe zones, has no buffers for an Expert Advisor, and has no alerts. Version 1.52, updated 31 October 2026. The paid sister product, Order Block Zones Pro, adds H4 and daily layers of zones and fair value gaps; an alert as price approaches a fresh zone (popup by default, with push, email and sound as options); and a scanner panel that lists zones near price across Market Watch symbols. Version 1.52, updated 31 October 2026.
Tools built around fair value gaps
Fair Value Gaps, by Cao Minh Quang, draws bullish and bearish gaps by the three-candle rule and can show gaps from higher timeframes on a lower chart. The description mentions combining gaps with structure, order blocks and liquidity sweeps, but the only objects it describes drawing are the gaps. Alerts are not mentioned. Version 3.5, updated 16 December 2025.
WH Fair Value Gap MT5 draws fair value gaps with multi-timeframe support. The description lists real-time alerts without naming the channel, and offers a symbol scanner dashboard separately by message. Order blocks and structure labels are not mentioned. Version 4.3, updated 1 June 2026.
Haven FVG Indicator draws fair value gaps on the chart timeframe and from H1, H4 and D1, labels them as BISI or SIBI, merges overlapping gaps into one zone, hides gaps price has already covered, draws each gap's middle line and can extend gaps to the current bar. Alerts are popup and push when price enters a gap, set separately for the current and higher timeframes, on first touch or every entry. Order blocks and structure are not mentioned. Version 2.6, updated 1 October 2026.
Tools that draw structure, sweeps or sessions
BoS CHoCH Indicator draws break of structure and change of character marks. Its description speaks of customisable parameters and clear visual signals and nothing more specific; order blocks, gaps, sessions and alerts are not mentioned, although the same author lists a separate indicator that has them. Version 1.10, updated 25 April 2024.
Liquidity Sweeps draws swing highs and lows, a box over each sweep in green or red, a dotted line back to the swept pivot, an "LQ Sweep" label, and optionally extends the box to the right until price fully breaks it. It has three detection modes, wicks only, break and retest, or both, and a left-side dashboard with pivot and sweep counts. The description states that it updates on every tick and that not all sweeps lead to reversals. Order blocks, gaps, structure labels and alerts are not mentioned. Version 1.1, updated 25 November 2025.
Trading Session ICT KillZone draws the Asia, London and New York killzones as coloured background blocks with labels, with a choice of which sessions show, their colours and how many past zones stay visible. The description states it is a visual tool that places no orders; nothing else is drawn and there are no alerts. Version 6.1, updated 13 December 2023.
Structure Ledger is the other tool on this list that is mine. It draws confirmed swing highs and lows as dots, each with a faint dotted line to the bar that confirmed it, break of structure and change of character as lines with labels, decided on closes only, and bands over clusters of equal highs and equal lows. A swing is confirmed only once a later bar has moved two ATR away from it (the default) and closed, so a dot appears one or more bars after the high or low it marks; no mark is placed until the bar that confirms it has closed. A panel shows the current structure direction, the last break and the distance in ATR to the nearest band on each side, and each mark also goes to the Experts log. It does not draw order blocks, fair value gaps, killzones, sweep marks, premium and discount or higher-timeframe structure, has no buffers for an Expert Advisor, and has no alerts. Version 1.1, updated 26 October 2026. A paid edition, Structure Ledger Pro, adds sweep and reclaim marks, premium and discount, higher-timeframe structure, alerts, a CSV ledger and buffers for an Expert Advisor.
Reading the list
Three things stand out with the entries side by side, none of them a verdict. First, "draws" and "mentions" are different words: several descriptions name a concept in a sentence about strategy without saying that anything is drawn for it, and I have tried to keep those apart. Second, alerts are where the free tools differ sharply: some have none by design, one names popup and push, one adds email to those, and a few list alerts without naming the channel. Third, only some descriptions say whether objects are placed on closed bars or the forming bar, and only one says outright that its zones repaint. A silent description does not tell you either way; the way to find out is to put the tool on a chart and watch a few bars form.
If a tool you use is missing or an entry is wrong, say so in the comments; I will correct the text and note the change rather than quietly rewriting it.
