Smart Money Concepts Indicator for Structure, Order Blocks, and Price Gaps

Summary

This MetaTrader 5 indicator implements several concepts associated with ICT-style smart money analysis. It marks internal and swing market structure breaks and changes of character, identifies order blocks around those breaks, detects three-candle fair value gaps, and tracks equal highs and lows. It also displays trailing swing extremes and premium, discount, and equilibrium zones based on the recent swing range.

The indicator includes configurable filters, mitigation rules, chart extensions, a dashboard, and alerts for structure events. Its description documents a broad set of charting features and inputs, but gives no trading rules for turning them into entries or exits, no empirical results, and no evidence that the displayed zones predict price behavior. Users must assess signal definitions, parameter choices, repainting or mitigation behavior, and performance across instruments and timeframes before relying on the visuals.

Key ideas

• The indicator marks internal and swing structure breaks and changes of character.
• It detects order blocks and fair value gaps and removes them from active display when mitigated.
• ATR-based thresholds support equal-high and equal-low detection.
• Trailing swing ranges define premium, discount, and equilibrium zones.
• The document describes charting and alert features but provides no performance validation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.