Best SMC Breakout Channel
- インディケータ
- Manh Toan Do
- バージョン: 1.50
- アップデート済み: 31 8月 2025
Smart Money Breakout Channels Indicator
The Smart Money Breakout Channels indicator is a powerful technical analysis tool designed to identify potential breakout opportunities in financial markets by detecting consolidation channels based on price volatility. Built for MetaTrader 5 (MT5), it overlays dynamic channels on the price chart, highlighting areas of low volatility that often precede significant price movements. This indicator is inspired by smart money concepts, focusing on institutional trading behaviors, and incorporates volume analysis to provide deeper insights into market strength.
#### Key Features:
- Channel Detection and Breakouts:
- Automatically identifies consolidation channels using normalized price volatility over a user-defined detection length (default: 14 bars).
- Normalization is based on a customizable length (default: 100 bars) to calculate highest highs and lowest lows, ensuring adaptability to different market conditions.
- Supports nested channels (optional), allowing multiple overlapping channels to display various breakout levels simultaneously, or single-channel mode for simplicity.
- Detects bullish and bearish breakouts with visual signals (up/down arrows in customizable colors: default bullish green, bearish red).
- Strong Closes Only mode (enabled by default): Requires more than 50% of the candle body to close outside the channel to confirm a breakout, reducing false signals from wicks.
- Volume Analysis Integration:
- Displays volume data within channels as candle-like bars for quick visual assessment of accumulation or distribution.
- Three display modes:
- Volume: Shows total volume as symmetrical bars.
- Comparison: Separates up-volume (above midline) and down-volume (below midline).
- Delta: Highlights net volume delta (positive above, negative below midline).
- Volume data sourced from a customizable timeframe (default: 1-minute) for granular analysis.
- Adjustable volume scale (default: 0.5) to control bar height relative to channel size.
- Visual Customization:
- Channels filled with semi-transparent background (transparency adjustable, default 90%) blended with chart colors for seamless overlay.
- Bullish (green) and bearish (red) zones at channel edges with customizable transparency (default 70%) to indicate potential support/resistance.
- Dashed center line in each channel with adjustable transparency (default 50%).
- Breakout signals as arrows with no offset for precise placement.
- Gauge and Alerts:
- A vertical volume delta gauge appears on active channels, showing a color-gradient bar (red to green) with a pointer indicating net volume momentum (-100% to +100%).
- Built-in alerts for:
- New channel formation.
- Bullish breakout (price above channel).
- Bearish breakout (price below channel).
- Performance and Compatibility:
- Optimized for real-time updates without flickering, using object-based drawing for channels, zones, and texts.
- Supports all MT5 timeframes and symbols, with ATR-based zone sizing for volatility adaptation.
- No external dependencies; fully self-contained.
This indicator is ideal for traders focusing on breakout strategies, volume confirmation, and smart money flows. It helps filter noise in ranging markets and spot high-probability trades during expansions. For best results, combine with other tools like moving averages or oscillators. Note: Past performance is not indicative of future results; use with proper risk management.
The Smart Money Breakout Channels indicator is a powerful technical analysis tool designed to identify potential breakout opportunities in financial markets by detecting consolidation channels based on price volatility. Built for MetaTrader 5 (MT5), it overlays dynamic channels on the price chart, highlighting areas of low volatility that often precede significant price movements. This indicator is inspired by smart money concepts, focusing on institutional trading behaviors, and incorporates volume analysis to provide deeper insights into market strength.
#### Key Features:
- Channel Detection and Breakouts:
- Automatically identifies consolidation channels using normalized price volatility over a user-defined detection length (default: 14 bars).
- Normalization is based on a customizable length (default: 100 bars) to calculate highest highs and lowest lows, ensuring adaptability to different market conditions.
- Supports nested channels (optional), allowing multiple overlapping channels to display various breakout levels simultaneously, or single-channel mode for simplicity.
- Detects bullish and bearish breakouts with visual signals (up/down arrows in customizable colors: default bullish green, bearish red).
- Strong Closes Only mode (enabled by default): Requires more than 50% of the candle body to close outside the channel to confirm a breakout, reducing false signals from wicks.
- Volume Analysis Integration:
- Displays volume data within channels as candle-like bars for quick visual assessment of accumulation or distribution.
- Three display modes:
- Volume: Shows total volume as symmetrical bars.
- Comparison: Separates up-volume (above midline) and down-volume (below midline).
- Delta: Highlights net volume delta (positive above, negative below midline).
- Volume data sourced from a customizable timeframe (default: 1-minute) for granular analysis.
- Adjustable volume scale (default: 0.5) to control bar height relative to channel size.
- Visual Customization:
- Channels filled with semi-transparent background (transparency adjustable, default 90%) blended with chart colors for seamless overlay.
- Bullish (green) and bearish (red) zones at channel edges with customizable transparency (default 70%) to indicate potential support/resistance.
- Dashed center line in each channel with adjustable transparency (default 50%).
- Breakout signals as arrows with no offset for precise placement.
- Gauge and Alerts:
- A vertical volume delta gauge appears on active channels, showing a color-gradient bar (red to green) with a pointer indicating net volume momentum (-100% to +100%).
- Built-in alerts for:
- New channel formation.
- Bullish breakout (price above channel).
- Bearish breakout (price below channel).
- Performance and Compatibility:
- Optimized for real-time updates without flickering, using object-based drawing for channels, zones, and texts.
- Supports all MT5 timeframes and symbols, with ATR-based zone sizing for volatility adaptation.
- No external dependencies; fully self-contained.
This indicator is ideal for traders focusing on breakout strategies, volume confirmation, and smart money flows. It helps filter noise in ranging markets and spot high-probability trades during expansions. For best results, combine with other tools like moving averages or oscillators. Note: Past performance is not indicative of future results; use with proper risk management.
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