Custom MT5 Indicator: Smart Money Concepts (SMC) Scanner
G
GridMaster88
2934
0
mt4-mt5-tips
Built a powerful indicator that automatically identifies:
✅ Order blocks (bullish/bearish) ✅ Fair value gaps (FVG) ✅ Break of structure (BOS) ✅ Change of character (CHoCH) ✅ Liquidity zones
Works on all timeframes. Highlights high-probability zones where institutions are likely entering. The indicator plots boxes on the chart and sends alerts when price approaches these levels.
Installation:
- Copy to Indicators folder
- Restart MT5
- Drag onto chart
Settings:
- FVG minimum size: 10 pips (adjustable)
- Order block lookback: 100 bars
- Alert enabled: true/false
Free download in comments. Would love feedback from SMC traders!