SMC Venom Model BPR MT5

The SMC Venom Model BPR MT5 indicator is a tool for visual analysis of BPR/FVG zones within the Smart Money Concept (SMC). It automatically detects key price imbalance zones on the chart and allows you to analyze them not only on the current timeframe, but also in multi-timeframe mode.

• FVG (Fair Value Gap) — a price imbalance zone detected from a three-candle structure, where an unfilled price area forms between the first and third candle.
• BPR (Balanced Price Range) — a structure related to two opposite FVG zones, forming an area of balance, return or price interaction with a previously created imbalance.

The indicator displays zones as rectangles and supports arrows, levels, flexible notifications and interactive timeframe layer control directly from the chart.

 Key features:

• Detection and display of BPR and FVG zones.
• Support for bullish and bearish zones.
• Display modes: BPR, FVG or combined BPR/FVG.
• Work with the current timeframe and higher-timeframe zones.
• Ability to hide or show selected TF layers directly from the chart.
• Bar distance filter between FVG zones in the BPR structure.

• Interactive multi-timeframe dashboard on the chart.
• Enable and disable individual TF layers.
• Separate control of the current timeframe and higher timeframes.
• Quick hiding and showing of the panel without opening indicator inputs.

• Separate settings panel for controlling parameters of each timeframe.
• Individual zone detection mode for each TF.
• Individual BPR/FVG zone colors by timeframe.
• Configuration of zone filters, levels and alert modes for each TF.
• Settings are saved and can be quickly reset via Reset.

• Fresh — a new zone that price has not interacted with yet.
• Touched — a zone that price has already touched.
• Mitigated — a zone that has been mitigated.
• Broken — a zone that has been broken.

Filters allow you to keep only the required zone types on the chart and reduce visual clutter.

• Arrows for selected BPR/FVG signals.
• Arrow style selection from predefined variants or manual Wingdings code input.
• Configuration of arrow color, size and price offset.
• Optional Wingdings table display on the chart.

Levels:

• Optional levels based on detected zones.
• Individual level display settings for each timeframe.
• Levels can be used as additional visual market structure markup.

Time filter:

• Restrict indicator operation to a selected time window.
• Can be used for analyzing specific trading sessions or selected intraday periods.

Flexible notification system:

• Alert modes are now configured separately for each timeframe.
• Notifications for BPR, FVG, bullish and bearish signals are supported.
• Popup alerts.
• Push notifications to a mobile device.
• Email notifications.
• Sound alerts with file selection.
• Custom message text.

 Hotkeys:

• T — show or hide the main MTF Dashboard.
• S — show or hide the Settings Panel.

If a panel is hidden and you do not see it on the chart, press the corresponding hotkey.

 Chart and performance optimization:

• History check limit to reduce load.
• Optimized redraw: where possible, only the changed TF layer is updated.
• Automatic object cleanup when removing the indicator.
• Cleanup modes: delete only indicator objects, fully clean the chart or keep objects.

Versatility: 

• The indicator can be used on different currency pairs, instruments and timeframes.
• Suitable both for current chart analysis and MTF markup of higher zones on lower timeframes.

BPR trading strategy  

Successful trading and accurate market analysis!