Market Shift Levels MT5 Scanner

Market Shift Levels are horizontal zones that mark a directional change in market behavior. The shifts are derived from crossovers between two smoothed HMAs, which are designed to reduce lag while indicating potential reversals.

Once a shift is detected:

• A dashed horizontal Market Shift Level is plotted at the low (for a bullish shift) or at the high (for a bearish shift) of the candle.

• These levels may act as reaction points during pullbacks and trend retests.

• Volume labels are added when price wicks into these levels to help gauge the strength of rejection or acceptance.

• Uses HMA-based logic to detect when price momentum shifts.

• Plots clean Market Shift Levels (MSLs) that can act as dynamic support and resistance.

• Automatically colors bars and candles based on price and HMAs positioning.
  

• Labels wick-based retests with Volume data of the 3-bar cluster.

• Look for trend shifts where the HMA crossover triggers a new level; this indicates a possible structural pivot.

• Treat the horizontal level as a potential support or resistance zone, especially when price returns with wick rejections.

• Observe volume labels near the level; higher values may suggest stronger rejection and potential continuation.

• Combine with confluence tools for additional context.

• After a bullish shift, wait for price to return and wick into the level; if volume increases and the candle closes firmly, this can be used as a retest-confirmation entry.

• After a bearish shift, bearish wick rejections accompanied by volume may indicate short re-entry zones.

Conclusion

The Market Shift Levels indicator provides a visual approach—with volume/price labels—for identifying trend reversals and critical retest zones in real time. It helps structure analysis around defined, repeatable conditions.