AZ Smart Levels and Zones
- Indicators
-
Jose Antonio Valle Magana
The profession of trader is something I love because once you learn a system, you do not need to be learning and learning new things, but all you have to do is apply the knowledge day by day with more and more discipline. I am an architect by profession and a trader at heart. - Version: 1.9
- Activations: 10
AZ Smart Levels and Zones draws three core SMC (market structure) tools directly on the MetaTrader 4 chart: structure breaks, fair value gaps and order blocks.
WHAT IT DRAWS
Market structure (BOS / CHoCH)
• Swing highs and lows are detected on closed candles (swing length is adjustable).
• Break of Structure (BOS): a candle closes beyond the last swing in the direction of the current trend. Drawn as a solid line.
• Change of Character (CHoCH): a candle closes beyond the last swing against the current trend. Drawn as a dotted line.
• Each line is labeled and colored by direction. The most recent breaks are displayed.
Fair Value Gaps (FVG)
• Detects bullish and bearish three-candle gaps.
• Each gap is drawn as a filled box extended to the right, with a dotted line at 50% of its range and an "FVG" label.
• A gap stays visible while no candle closes through it. Wicks that pass through the range do not remove it.
Order Blocks (OB)
• Bullish OB: the last bearish candle before a strong bullish candle that closes above its high. Bearish OB: the mirror case.
• Drawn as a dashed box extended to the right, using the same colors as the structure lines, with an "OB" label.
• An order block stays visible while no candle closes through it.
HOW IT WORKS
Everything is recalculated when a new bar appears, using closed candles only. All drawings are chart objects, so you can hide, move or delete them like any other object.
IMPORTANT NOTES
• This is a charting tool. It does not generate trade signals or alerts and does not guarantee any result.
• Structure, gaps and order blocks involve interpretation; what is shown on the chart depends on the inputs you choose.
• Trading involves risk. Not financial advice.
INPUT PARAMETERS
Market structure
• Show market structure – On/off.
• Swing length (bars on each side, 1-20) – Default 5.
• Bars of history to analyze – Default 500.
• Maximum structure breaks to display – Default 10.
• Bullish break color / Bearish break color.
Fair Value Gaps
• Show fair value gaps (FVG) – On/off.
• Bars of history to analyze – Default 300.
• Maximum zones to display – Default 10.
• Minimum gap size in points (0 = any).
• Bullish FVG color / Bearish FVG color / FVG 50% line and label color.
Order Blocks
• Show order blocks (OB) – On/off.
• Bars of history to analyze – Default 300.
• Maximum zones to display – Default 8.
• Impulse candle: minimum body as % of its range – Default 60.
• Use only the candle body (not the wicks) – Default false.
Zones layout
• Extend zones to the right (bars); labels sit right after the zone – Default 10. Chart shift should be enabled so there is room for the labels.
• Label font size – Default 8.
Developer: Jose Antonio Valle Magana (valletrading) – AZ Trading Tools.
