Simple Market Structure MT5
- Indicatori
- Komang Putra Riswanjaya
- Versione: 1.0
- Attivazioni: 10
SMS | Simple Market Structure
Simple Market Structure is an indicator designed to represent market structure in a simple, clean, and easy-to-understand way.
Many market structure indicators available today are overly complicated and filled with unnecessary visuals, making them difficult to understand — especially for traders who want to quickly identify market direction and structure.
That is why this indicator was created.
This indicator focuses only on the essential components:
- Bullish/Bearish BOS (Break of Structure)
- Fibonacci retracement status
- Retracement entry direction
The UI is intentionally designed to be minimal and simple, allowing traders to read the market structure more clearly without unnecessary distractions.
How It Works
This indicator works by using a modified ZigZag algorithm to identify important swing points in the market.
These swing points are then analyzed to determine the current market structure and generate BOS (Break of Structure) patterns automatically.
Once a valid bullish or bearish BOS is detected, the indicator will:
- Draw the market structure visually
- Display the retracement area using Fibonacci levels
- Show potential retracement entry direction using arrows
- Provide alerts and push notifications when a new setup appears
By simplifying the structure detection process, traders can focus more on market direction and trading opportunities without manually drawing market structure themselves.
Features
- Simple and easy-to-understand UI
- Includes retracement entry arrows with Fibonacci level information
- Provides buffers for further development or EA integration
- Supports alert and push notification features
Perfect for traders who prefer a clean, lightweight, and straightforward market structure analysis tool.
