SMC indicator advanced

SMC indicator advanced

Introduction

The SMC Complete Indicator v4 is a Smart Money Concepts (SMC) trading tool for MetaTrader 5. It automatically identifies institutional trading patterns to help traders align with "smart money" - banks, hedge funds, and market makers.

Core Principle: Large institutions need liquidity to fill massive orders. They create predictable patterns: accumulating at key levels, hunting stop losses, leaving footprints (Order Blocks, FVGs), and creating structural shifts that signal trend changes.

Indicator Components

1. Market Structure (HH/LL)

• HH (Higher High): Swing high in uptrend
• LL (Lower Low): Swing low in downtrend

2. BOS (Break of Structure)

• Dashed line from swing point to break point
• Confirms trend continuation

3. ChoCH (Change of Character)

• Solid thick line - signals potential reversal
• First break against prevailing trend

4. Order Blocks (OB)

• Colored rectangles marking institutional entry zones
• Bullish OB (Green): Last bearish candle before bullish breakout
• Bearish OB (Red): Last bullish candle before bearish breakout

5. Fair Value Gaps (FVG)

• Price imbalances from aggressive moves
• Bullish FVG: Gap in upward move
• Bearish FVG: Gap in downward move

6. Liquidity Zones (BSL/SSL)

• BSL (Orange): Buy Side Liquidity - stops above swing highs
• SSL (Purple): Sell Side Liquidity - stops below swing lows

Settings Reference

Performance

Market Structure

Order Blocks

Fair Value Gap

Liquidity

Max Zones (reduce for cleaner charts)

Core SMC Concepts

Market Structure

Bullish Structure: Higher Highs (HH) + Higher Lows (HL) → Buyers control → Look for LONGS

Bearish Structure: Lower Highs (LH) + Lower Lows (LL) → Sellers control → Look for SHORTS

BOS vs ChoCH

ChoCH Example: Bullish trend (HH, HL, HH, HL) → Price breaks below last HL → Bearish ChoCH → Potential reversal

Order Blocks

Formation:

1. Candle forms (becomes the OB)
2. Next candle moves opposite direction
3. Price breaks beyond the first candle
4. First candle zone = Order Block

Why they work: Institutions leave unfilled orders at these levels. When price returns, orders get filled, price continues.

Fair Value Gaps

Bullish FVG: Candle 3's low > Candle 1's high (gap in upward move) Bearish FVG: Candle 3's high < Candle 1's low (gap in downward move)

Why they fill: Markets seek equilibrium. Imbalances get corrected.

Liquidity

BSL (Buy Side): Stop losses above swing highs. Smart money buys into this, then reverses down.

SSL (Sell Side): Stop losses below swing lows. Smart money sells into this, then reverses up.

Liquidity Sweep: Price takes out stops → Smart money fills orders → Price reverses.

Trading Strategies

Strategy 1: Order Block Bounce

Setup: Enter when price returns to unmitigated OB in trend direction.

Bullish:

1. Confirm bullish structure (HH/HL)
2. Wait for bullish BOS/ChoCH
3. Mark the Bullish OB causing the break
4. Enter LONG when price retraces to OB
5. SL below OB | TP at previous high/BSL

Bearish:

1. Confirm bearish structure (LH/LL)
2. Wait for bearish BOS/ChoCH
3. Mark the Bearish OB causing the break
4. Enter SHORT when price retraces to OB
5. SL above OB | TP at previous low/SSL

Confirmation options: Price rejection wick, engulfing candle, LTF ChoCH at OB

Strategy 2: FVG Fill Entry

Setup: Enter when price returns to fill a Fair Value Gap.

Bullish:

1. Bullish structure/momentum confirmed
2. Locate unfilled Bullish FVG
3. Enter LONG at 50% of FVG or FVG bottom
4. SL below FVG | TP at recent high or 2:1 RR

Bearish:

1. Bearish structure/momentum confirmed
2. Locate unfilled Bearish FVG
3. Enter SHORT at 50% of FVG or FVG top
4. SL above FVG | TP at recent low or 2:1 RR

Tips: FVGs aligned with HTF trend are stronger. Combine with OB for higher probability.

Strategy 3: Liquidity Sweep Reversal

Setup: Enter after smart money sweeps liquidity and reverses.

Bullish (SSL Sweep):

1. Identify SSL level (swing low)
2. Wait for price to sweep below SSL
3. Confirm reversal: bullish engulfing, LTF ChoCH, price reclaims level
4. Enter LONG after confirmation
5. SL below sweep wick | TP at BSL or 2:1+ RR

Bearish (BSL Sweep):

1. Identify BSL level (swing high)
2. Wait for price to sweep above BSL
3. Confirm reversal: bearish engulfing, LTF ChoCH, price reclaims level
4. Enter SHORT after confirmation
5. SL above sweep wick | TP at SSL or 2:1+ RR

Key: Don't enter on sweep alone - wait for confirmation.

Strategy 4: Multi-Timeframe SMC

Timeframe Pairs:

Process:

1. HTF: Determine structure, mark OBs/FVGs/liquidity, set bias
2. Wait: Price reaches HTF POI (Point of Interest)
3. LTF: Look for ChoCH in HTF bias direction
4. Enter: On LTF OB/FVG with LTF structure SL

Example:

• H4 bullish, price at H4 Bullish OB
• M15 shows ChoCH bullish inside H4 OB
• Enter LONG on M15 OB
• SL below M15 OB, TP at H4 high

Strategy 5: ChoCH + OB Combo (Highest Probability)

Setup: Enter on the OB that caused a Change of Character.

Bullish:

1. Bearish structure (LL, LH pattern)
2. Bullish ChoCH occurs (breaks above LH)
3. Identify OB that caused ChoCH
4. Wait for retracement to this OB
5. Enter LONG at OB
6. SL below OB | TP at equal high/BSL

Why it works: ChoCH confirms institutional reversal intent. OB shows where they entered. Retracement = second chance to enter with smart money.

Entry & Exit Rules

Entry Checklist

• [ ] HTF bias clear?
• [ ] Structure aligned with bias?
• [ ] Price at valid OB/FVG/liquidity?
• [ ] Confirmation present?
• [ ] SL logical? RR acceptable (min 1:2)?

Stop Loss Placement

Buffer: Forex 5-10 pips | Crypto 0.1-0.3% | Indices 5-15 points

Take Profit Options

Fixed RR: 1:2 minimum, 1:3 for A+ setups

Structural: Opposite liquidity, previous swing, unmitigated OB

Partial: 50% at 1:1, 25% at 2:1, trail remainder

Risk Management

Position Sizing (1-2% Rule)

Position Size = (Account × Risk%) / (SL pips × Pip Value)

Example: $10,000 × 1% / (20 pips × $10) = 0.5 lots

Trade Management

1. Never move SL further from entry
2. Move to breakeven after 1:1 RR
3. Trail using structure (swing points)
4. Don't add to losers
5. Take partials at planned levels

Daily Limits

Stop trading if: Hit max loss, 2 consecutive losses, or feeling emotional.

Best Practices

Do's ✓

• Start with HTF analysis
• Wait for price to reach your POI
• Use multiple confluences (OB + FVG + liquidity)
• Keep trading journal
• Backtest before live trading
• Be patient - quality over quantity

Don'ts ✗

• Trade against HTF structure
• Enter without confirmation
• Over-leverage (stick to 1-2%)
• Trade every zone - be selective
• Trade during high-impact news
• Revenge trade after losses

Best Trading Sessions (UTC)

Troubleshooting

No objects visible: Check settings enabled, try different TF, increase bar limit, restart MT5

Chart cluttered: Reduce Max Zones to 3, reduce Extend Bars, disable unused components

Zones disappearing: Normal behavior - OB mitigated, FVG filled, or liquidity swept

Indicator slow: Reduce bar limit to 500, reduce Max Zones, use higher TF

Quick Reference

Bullish Entry

• [ ] HTF bullish structure
• [ ] LTF bullish ChoCH/BOS
• [ ] Price at bullish OB/FVG
• [ ] Confirmation present
• [ ] SL below zone, TP at BSL/high
• [ ] Risk ≤2%, RR ≥1:2

Bearish Entry

• [ ] HTF bearish structure
• [ ] LTF bearish ChoCH/BOS
• [ ] Price at bearish OB/FVG
• [ ] Confirmation present
• [ ] SL above zone, TP at SSL/low
• [ ] Risk ≤2%, RR ≥1:2

Confluence Scoring

Take trades with 4+ points only

Disclaimer: Trading involves substantial risk. This guide is for educational purposes only. Always use proper risk management.