SM Zones

Developed according to the principles of smart money management strategies, the SM Zones indicator is a very convenient tool for traders on the MetaTrader 5 (MT5) platform. It graphically displays on the chart all the significant zones used in the SM strategy: market structure, price levels of increased liquidity, "price magnet" zones - imbalances, order blocks, fvg, breaker blocks and mitigation blocks - towards which the instrument's price moves. The zones influencing the bull market are highlighted in shades of green, and the bearish ones - in shades of brown. These levels reflect possible areas of price change, which are often influenced by orders from large institutions and banks. When the price reaches these key zones, it is likely to experience large and rapid movements, which often gives traders insights into how to make the right trading decisions.

This is the first test version of the indicator. Adapted for use on the EURUSD instrument in all time frames.

The charts are most conveniently viewed using light-colored themes. You can create a convenient light theme template and use it for all those frames.

The indicator can be used in two ways:

1. In one window: you open the EURUSD chart on any timeframe. We place the SMZones indicator in it, using the default settings. Within a few seconds, the indicator marks the liquidity and market inefficiency zones of the EURUSD price for the last month on the selected timeframe chart, towards which the instrument price is moving according to the principles of the SM trading strategy. During active trading, the indicator analyzes each newly formed bar in real time and marks the newly formed zones. When using the indicator in one window, you can switch from one timeframe to another by selecting the desired timeframe button in the timeframe toolbar.

2. Several indicator windows: you open the EURUSD chart on any timeframe. We place the SMZones indicator in it and in the settings window we mark the necessary timeframes whose charts we want to follow. After confirming the selections, MetaTrader 5 opens the charts of the marked timeframes in separate windows, marking the SM zones in each window. To follow one or another timeframe, you need to switch to the required timeframe chart, where the SM zones will already be marked. Please note that when using the indicator in multi-window mode, you cannot change the timeframe opened in that window using the buttons on the toolbar.

The indicator shows the SM Zones of the instrument on the price chart for the last month, so it is very convenient to use for those learning the principles of the SM strategy, because the history shows how and when the instrument price moved towards one or another zone.

When conducting real trading, the arrangement of the SM zones marked on the chart helps the trader understand the market situation and increases the likelihood of making the right trading decision.