SMC Order Block

BY Strategy — Smart Money Concepts (Structure + Order Blocks + FVG)

A complete Smart Money Concepts indicator for MT5 — market structure (BOS/CHoCH), dual-layer Order Blocks, Fair Value Gaps, and Strong/Weak level tracking. Works on all timeframes and instruments.

BY Strategy — Smart Money Concepts brings institutional price action analysis directly to your MT5 chart. The indicator identifies how smart money moves markets by mapping market structure breaks, order block zones, imbalances, and key liquidity levels — all in real time.

What it draws:

Market Structure — Two independent layers of structure are tracked simultaneously. The Swing layer (configurable lookback, default 50) identifies major highs and lows. The Internal layer (3-bar pivots) tracks minor structure shifts inside the swing. Each break is labelled BOS (Break of Structure, trend continuation) or CHoCH (Change of Character, trend reversal). Bullish breaks render in green, bearish in red. You can filter each layer to show BOS-only or CHoCH-only labels.

Order Blocks — Every BOS/CHoCH automatically identifies the last opposing candle before the break as an order block. Zones are split into two halves: premium (entry zone) and extended (beyond 50%), with the midline clearly marked with its price. OBs are mitigated automatically when price revisits and closes through them, removing clutter. You can control how many swing OBs and internal OBs are displayed at once.

Fair Value Gaps (FVG) — Three-candle imbalances are detected for both bullish and bearish gaps. An ATR-based auto-threshold filters out insignificant gaps. FVGs are mitigated at 50% (when price returns to the midpoint of the gap), keeping the chart clean.

Strong and Weak Levels — The most recently confirmed swing high/low is classified as Strong (acts as support/resistance) or Weak (likely to be taken out next) based on the current trend direction. The weak level trails dynamically as price extends, updating continuously until a new pivot confirms.

Swing Point Labels — Optional HH / HL / LH / LL labels at every confirmed swing pivot, giving a quick visual read of trend structure.

Key Features:

  • Dual structure layers: Swing (configurable) + Internal (3-bar)
  • BOS / CHoCH labelling with trend-aware color coding
  • Split order block zones with 50% midline and price label
  • ATR-filtered OB detection — ignores low-quality candles
  • HL/close-based OB mitigation (configurable)
  • Bullish and bearish FVGs with auto-threshold and 50% mitigation
  • Trailing Strong/Weak High and Low levels
  • All colors fully customizable
  • No repainting on confirmed bars — live bar is excluded from structure detection
  • Works on all timeframes and symbols (Forex, indices, crypto, commodities)

Settings overview: All inputs are grouped: Internal Structure, Swing Structure, Order Blocks, and Fair Value Gaps. Each group can be independently enabled or disabled. Colors for bull/bear, internal/swing OBs are all separate inputs.

Recommended timeframes: M5, M15, H1, H4. Internal structure is most meaningful on M5–M15; swing structure works best on H1 and above.

#SMC #SMCOrderBlock #SmartMoneyConcepts #OrderBlocks #SMCIndicator   #BOS #CHoCH #FairValueGap #FVG #LiquidityZones #MarketStructure #SmartMoney

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