OK Structure Scalper
- Indicators
- Version: 1.1
- Activations: 5
OK Structure Scalper is a MetaTrader 5 custom indicator designed to help traders read intraday market structure directly on the chart.
The indicator combines several price-action and market-structure tools into one clean visual assistant. It detects swing structure, trend direction, VWAP position, support and resistance zones, inside/outside bar conditions, mother-bar breakouts, thrust candles and possible exhaustion candles. When enough confluence is present, the indicator can display BUY or SELL labels together with suggested entry, stop-loss and target levels.
OK Structure Scalper is not an Expert Advisor and does not open, modify or close trades automatically. It is a discretionary chart-analysis tool. The signals are intended to support the trader’s own decision-making and should be confirmed with personal analysis, risk management and market context.
Main features:
- BUY and SELL visual labels
- Signal buffer for external use: +1 buy, -1 sell, 0 neutral
- Session VWAP line
- Approximate value-area bands
- Support and resistance zones
- Swing structure labels: HH, HL, LH, LL
- Inside bar and outside bar detection
- Mother-bar breakout logic
- Aussenstab / outer-range logic
- Farbwechsel / direction-change marker
- Thrust candle detection
- Exhaustion candle detection
- Hammer candle detection
- Starter candle detection
- Optional key-time vertical markers
- Optional alerts
- Suggested entry, stop-loss, TP1 and TP2 levels
- Adjustable input parameters
Recommended use:
The indicator can be used on Forex, indices, metals, crypto CFDs and other MT5 symbols, depending on broker availability. It is mainly designed for intraday timeframes such as M1, M5, M15 and M30. Higher timeframes can also be used for broader structure analysis.
Suggested workflow:
- Add the indicator to a clean chart.
- Check whether price is above or below VWAP.
- Review the current structure labels and support/resistance zones.
- Wait for a signal only when it appears together with market context.
- Use the displayed SL and TP levels only as a planning reference.
- Apply your own risk management before entering any trade.
Input parameters:
ATR Period — controls volatility calculation.
ATR Multiplier — used for candle and risk-level calculations.
EMA Fast Period — fast trend filter.
EMA Slow Period — slow trend filter.
Use EMA Filter — enables or disables EMA trend confirmation.
Breakout Buffer Ticks — adds a small buffer to breakout checks.
Min Thrust Body Percent — minimum body size for thrust candles.
Exhaustion ATR Multiplier — sensitivity for exhaustion candles.
Volume Lookback — period for average volume calculation.
Volume Spike Multiplier — volume spike threshold.
Support/Resistance Lookback — number of bars used to search zones.
Swing Strength — pivot strength for HH, HL, LH, LL structure.
Signal Threshold — minimum confluence score for a signal.
Min Signal Spacing Bars — minimum bars between signals.
Risk ATR Multiplier — ATR distance used for suggested stop levels.
Target 1 R — first target based on risk multiple.
Target 2 R — second target based on risk multiple.
Show VWAP — display or hide VWAP.
Show Support/Resistance — display or hide zones.
Show Structure — display or hide swing labels.
Show Trade Labels — display or hide BUY/SELL text.
Show Risk Levels — display or hide entry, SL and TP levels.
Enable Alerts — enable or disable platform alerts.
Important note:
This indicator does not guarantee profitable trading results. It is a technical-analysis tool only. Market conditions can change quickly, and all trading decisions remain the responsibility of the user.
