SMC Order Block with Volume

SMC Order Block with Volume

What it is

This MT5 indicator shows where large orders probably sit on the chart (order blocks) and how much volume was behind each one. It adds Smart Money Concepts tools, a ZigZag line and a dashboard. The dashboard shows sessions, news, holidays and a simple analysis.

Advantages

• Volume in every zone. Each order block shows how its volume splits between a buy part and a sell part. This helps you judge how strong a zone is.
• Clean zones. Order blocks are filtered by size and can be merged, and you choose how many to show. The chart does not fill up with old zones.
• Higher timeframes on a lower chart. You can see H1, H4 or D1 order blocks on an M5 chart. Higher timeframe zones never appear on a chart with a lower timeframe than their own.
• SMC tools in the same indicator. You get BOS, CHoCH, swing labels, equal highs and lows, fair value gaps, a premium and discount range and a ZigZag line. You do not need several indicators.
• A dashboard that works as a trading assistant. Price, sessions, news and the market read-out are all in one panel that you can drag.
• Alerts without extra setup. Popup, push and email alerts work directly from the indicator.
• Automatic daylight saving. Session times are always right in your broker’s server time.
• Every setting is adjustable. Almost all behaviour and every colour is an input.
  
  

  Features

  Order blocks

  • Detection: It finds swing highs and lows, and creates a bullish order block when price closes above a swing high, and a bearish one when it closes below a swing low.
  • Volume split: Each zone shows a green upper bar and a red lower bar for its two volume parts. A label gives the total volume, the percentage and the timeframe, for example “22.80K (19%)”.
  • Breakers: When price breaks through a zone, it becomes a “breaker”. It stops at the break point and is removed when price goes fully through it.
  • Size filter: Zones larger than 3.5 times the ATR are ignored.

  SMC tools (chart timeframe)

  • BOS and CHoCH: A break in the trend direction is a BOS. A break against it is a CHoCH. Both are drawn as lines with labels.
  • Swing labels: HH, HL, LH and LL, each with its own colour.
  • Equal highs and lows: Tops or bottoms at nearly the same price, which mark likely liquidity.
  • Fair value gaps: Gaps that price has not yet closed through.
  • Premium and discount: The range between the last swing high and low, split at the 50% equilibrium.
  • ZigZag: A line through the swings. It has its own Depth, and an optional Deviation filter.

  Dashboard (top to bottom)

  1. Time: date, server time and local time with their UTC offsets.
  2. Holidays: the next London and New York holiday.
  3. Sessions: Sydney, Tokyo, London and New York, with waving country flags while a session is open. They show open or closed, daylight saving on or off, the time window in server time, and the time left or until the next open.
  4. News: the next three high-impact events, with the time until each, the currency and the name.
  5. Analysis: price and spread, the structure bias, the zone (premium or discount), a confluence score out of 5, and the factors behind it.
  6. Order block table: bullish and bearish counts per timeframe and the nearest active order block.
  7. Alerts: each alert type shown as YES or NO, and the last alert.
     
     

  You can drag the panel anywhere. Clicking the title bar collapses it.

  Confluence score: It counts how many of five conditions line up for the bullish or bearish side: structure, higher timeframes, premium or discount zone, price inside an order block, and price inside a fair value gap.