SMC Market Structure MT5 PRO

SMC Market Structure MT5 PRO is a chart-based analysis indicator for MetaTrader 5 designed for traders who use Smart Money Concepts (SMC), Inner Circle Trader (ICT) concepts, market structure, liquidity analysis, and multi-timeframe price action.

The indicator brings a comprehensive collection of SMC and ICT tools into a single chart, including Market Structure, Break of Structure (BOS), Change of Character (CHoCH), Order Blocks (OB), Fair Value Gaps (FVG), Inverse Fair Value Gaps (IFVG), Balanced Price Range (BPR), Breakaway Fair Value Gaps, Volume Imbalance (VI), SMT Divergence, Change In State Of Delivery (CISD), liquidity areas, Premium and Discount zones, Optimal Trade Entry (OTE), previous highs and lows, trading sessions, Killzones, and a Multi-Timeframe (MTF) trend panel.

The PRO version also provides real-time alerts for supported SMC events, allowing you to monitor the chart without continuously watching every price movement.

Market Structure

The indicator identifies Major Market Structure and Minor Market Structure and displays Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL).

Break of Structure (BOS) and Change of Character (CHoCH) can be used to study market continuation and potential changes in market direction.

Major and Minor Market Structure can be configured independently. Structure sensitivity can be adjusted according to the selected timeframe and preferred analysis style.

Order Blocks and Price Zones

The indicator identifies bullish and bearish Order Blocks (OB) associated with structural price movements.

Order Blocks can be displayed for major and minor structure, with configurable settings for their appearance and historical display.

Breaker Blocks (BB) are also available for analyzing Order Blocks that have been violated and subsequently changed polarity.

Premium and Discount (PD) zones provide a visual reference for the position of price within a selected dealing range. Equilibrium (EQ) can be displayed to divide the range into Premium and Discount areas.

Fair Value Gaps and Imbalances

The indicator detects Fair Value Gaps (FVG), Inverse Fair Value Gaps (IFVG), and Balanced Price Range (BPR) areas.

Fair Value Gaps (FVG) identify three-bar price imbalances using configurable settings.

Inverse Fair Value Gaps (IFVG) identify gaps that have been invalidated and changed polarity.

Balanced Price Range (BPR) identifies areas where opposing Fair Value Gaps overlap.

Zones can be kept, reduced, or removed as price trades into them, according to the selected setting.

Breakaway Fair Value Gaps

The indicator separates fair value gaps into those the market is expected to return to and those it is not.

A gap qualifies for this classification only when the displacement candle's body spans the entire gap, rather than the gap being held open by wicks alone. The third candle then determines the category. A close beyond the displacement candle's own high or low marks the gap as a breakaway gap, indicating that the expansion is continuing. A close short of that level marks it as a weak third candle gap, where the move is losing momentum and the gap behaves as a conventional imbalance.

Both categories are displayed with independent colours and independent visibility controls, allowing the two populations to be compared directly on the chart.

Breakaway gaps can be displayed as fixed zones at the point of formation or extended toward the current candle. Gap midlines, marking the 50 percent level of each zone, can be displayed as an optional reference.

Volume Imbalance

Volume Imbalance (VI) identifies gaps between the bodies of two adjacent candles, where one candle closes and the next opens away from it, leaving a space that was never traded through at the open even though the wicks may cover it.

A second condition applies to the volume: the candle leaving the gap must carry more activity than the one before it by a configurable multiple, which separates a genuine imbalance from an ordinary open a few points away from the previous close.

Zones are marked when price first returns to them and remain on the chart afterwards, so the level price came back to stays visible. A stricter mode requiring the wicks to be clear of each other is also available.

SMT Divergence

Smart Money Technique (SMT) divergence compares the chart symbol against a second, correlated instrument.

When two markets that normally move together reach a swing point at the same moment and move in opposite directions, the second market has failed to confirm the first. The indicator marks that disagreement with a line connecting the two swing points and a label identifying the comparison instrument.

Both instruments must confirm a swing on the same candle before any comparison is made. Where only one confirms, no divergence is recorded and the reference point is re-established, so swings that occurred at different moments are never compared against each other.

The comparison instrument is specified by symbol name and works with both positively and inversely correlated pairs without additional configuration. Swing sensitivity, colours, labels, and history depth are configurable.

Change In State Of Delivery

Change In State Of Delivery (CISD) offers a different reference point from Break of Structure and Change of Character. Rather than waiting for a swing to be taken out, it follows the opening prices of the candles delivering the current move.

While price is being delivered in one direction there is a run of candles moving that way. The furthest open within that run is the price the move was launched from, and price closing back through it indicates that the side which was delivering has stopped.

The level is re-measured as the move extends, so it reflects the current cost of proving the move over rather than a fixed line. The pending level can be displayed alongside the triggered ones, showing where the next change would occur.

Zone Volume

Order Blocks and Fair Value Gaps can be displayed with the buying and selling activity that occurred inside them.

Each zone is divided horizontally in proportion to the activity on each side, with the percentages written inside the zone and the total shown alongside. The breakdown is derived from a lower timeframe than the chart, so the distribution reflects the movement within the candle rather than its direction alone.

On instruments where the broker publishes real traded volume, that figure is used. On instruments where it is not available, tick volume is used instead, which reflects the number of price changes rather than the quantity traded. The distribution should be interpreted accordingly.

The PRO version can also alert when one side of a gap reaches a configurable share of the total, allowing imbalanced gaps to be identified without monitoring the chart directly.

Liquidity

Liquidity analysis includes Buy Side Liquidity (BSL), Sell Side Liquidity (SSL), Equal Highs (EQH), Equal Lows (EQL), and Liquidity Sweeps.

Liquidity Sweeps can be used to study price levels that are taken and rejected within the same candle.

These tools provide a structured way to study liquidity around previous highs, lows, and other significant price levels.

Optimal Trade Entry

Optimal Trade Entry (OTE) provides a configurable Fibonacci retracement area for traders who use OTE as part of their market analysis.

The OTE zone can be calculated from a selected timeframe and follows the identified market direction.

Fibonacci levels and retracement boundaries can be customized according to the preferred methodology.

Previous Highs and Lows

The indicator can display Previous Day High (PDH) and Previous Day Low (PDL), Previous Week High (PWH) and Previous Week Low (PWL), and Previous Month High (PMH) and Previous Month Low (PML).

These levels provide higher-timeframe reference points that can be used when studying price movement around previous session and period highs and lows.

Historical periods can be displayed according to the selected settings.

Sessions and Killzones

The indicator includes configurable trading-session displays for studying price action during different market periods.

Asian Session, London Session, European Session, and New York Session can be displayed according to the selected time zone.

ICT Killzones can also be displayed, including Asia, London Open, New York AM, and New York PM.

Session and Killzone times can be customized to match the trader's preferred market schedule.

Multi-Timeframe Trend Panel

The Multi-Timeframe (MTF) Trend Panel provides a compact view of market structure and trend information across multiple timeframes.

Up to six timeframes can be displayed simultaneously, allowing higher-timeframe and lower-timeframe market conditions to be compared without repeatedly changing the active chart.

The selected timeframes and displayed information can be configured according to the preferred analysis workflow.

Real-Time Alerts

The PRO version provides real-time alerts for supported SMC and market-structure events.

Alerts can be configured for events including:

• Break of Structure (BOS)

• Change of Character (CHoCH)

• Order Blocks (OB)

• Fair Value Gaps (FVG)

• Fair Value Gap Volume Dominance

• Inverse Fair Value Gaps (IFVG)

• Balanced Price Range (BPR)

• Volume Imbalance (VI)

• Breaker Blocks (BB)

• Equal Highs (EQH)

• Equal Lows (EQL)

• Liquidity Sweeps

• SMT Divergence

• Change In State Of Delivery (CISD)

• Previous Day High and Low (PDH/PDL)

• Previous Week High and Low (PWH/PWL)

• Previous Month High and Low (PMH/PML)

• Optimal Trade Entry (OTE)

Alerts are generated using confirmed price information and can be delivered through the MetaTrader 5 terminal and push notifications, depending on the selected settings.

Alert conditions can be enabled or disabled individually so that you receive only the notifications relevant to your trading workflow.

On-Chart Controls

The indicator includes on-chart controls for managing the visibility of different components.

Individual tools can be enabled or disabled directly from the chart, allowing you to quickly adjust the displayed information without repeatedly opening the indicator settings. Your choices are saved for each symbol and restored when the terminal is restarted.

The controls are designed to make it easier to maintain a clean chart while keeping the required SMC tools available.

Non-Repainting

The indicator is designed for chart-based market-structure analysis using confirmed price information.

Market-structure calculations and alerts use confirmed candle information rather than relying on an unfinished candle for the final condition.

Historical structure and detected zones remain available for reviewing previous price action.

As with any market-analysis indicator, displayed information should be interpreted in the context of current market conditions, symbol, timeframe, broker data, and selected settings.

Customization

The indicator provides customization options for its market-structure, Order Block (OB), Fair Value Gap (FVG), liquidity, Fibonacci, session, Killzone, alert, and Multi-Timeframe (MTF) components.

Colours, line widths, labels, zone appearance, historical depth, alert conditions, and other settings can be adjusted according to your preferred chart layout.

Individual features can be enabled or disabled so that the indicator can be configured as a complete Smart Money Concepts (SMC) analysis workspace or simplified to display only selected tools.

Important Information

SMC Market Structure MT5 PRO is an analysis and charting tool. It does not guarantee profitable trades, eliminate market risk, or predict future price movements.

The information displayed by the indicator should be combined with your own market analysis, trading plan, and risk-management rules.

Results can vary depending on the market, timeframe, symbol, broker data, and indicator settings.