Market Structure Lines try
- Indicators
- Wen Rui Tan
- Version: 5.6
- Updated: 25 June 2024
1. Updated usage instructions in blog below:
Smart Market Structure Trading System and Automatic Scanner - Trading Systems - 13 October 2023 - Traders' Blogs (mql5.com)
https://www.mql5.com/en/blogs/post/754495
2. Smart Money Concepts, Support and Resistance, Buy Side Liquidity, Sell Side Liquidity, Monthly Highs/Lows, Weekly
High/Lows, Previous Day High/Low/Open, Daily High/Low/Open, 4our/1Hour High/Low/Open...all the most important
price lines/areas that the smart money uses to sweep the market.
It can be used for any timeframe, so you can refine your entry based on these important price lines. Using higher
timeframe lines for analysis, and using lower timeframe lines for accurate entries and exits.
It's like you'll be able to see the "footprint" of the smart money in front of you at all times. And save you the long dreaded
"waiting" time to live your life until the price touches one of these lines.
You can change the settings for the lines, the colors, show them on chart or not, and etc.
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- 3 trading sessions: Asia, Europe, and USA. The 3 silver bullets. Each trading session is controlled by its own button,
with 1 click, to turn it on or off. And you can show all 3 sessions, or just 1, or 2 sessions, or any combinations of the
3 sessions.
- Option for Showing 3 trading sessions by filling the session background square in selected color, or just showing the
square itself ( keep it an empty square ).
- Show trend direction on charts, and the buy and sell arrow on charts as well ( it shows in every timeframe too based
on sophisticated algorithms ), make it much easier to spot trend direction and the overall picture of price pattern, and
direction of price move.
- Show exact price on the chart for all important price levels, for monthly, weekly, daily, 4-hour, and 1-hour High/Low/
Open prices, to help trader gauge more accurate entry points, and Equal Highs/Equal Lows, Juda's Swings ( Bulls trap,
Bears trap ).
- Real time timer function, shows remaining time for candle close for each of the timeframe
( D, 4hr, 1hr, 30min, 15min, 5min, and 1min ).
- Real time Time Zone display for different cities in the world ( London, New York, Tokyo, Sydney, Server and local Time
Zone ).
- Bullish and Bearish OrderBlocks, and Fair Value Gap detection on the chart, with the option to show them, or not show
them on chart.
- Options to choose and change color settings for OrderBlocks, and Fair Value Gaps.
- Order Block, and Fair Value Gap markings and options, for Up direction and Down direction.
- Options to show mitigated Order Blocks and FVGs in different color, and extend the rectangle to the bar where price
touched the previous Order Block and FVG.
- Show the Order Block and FVG where price hasn't been mitigated (hasn't reached back yet), and extend the rectangle
all the way to the current bar, to show where price could possibly be reaching (important price levels used by Smart
Institutional Money on higher timeframes to get liquidity).
- Turn Higher Timeframe lines on and off, turn time zone display on and off, turn Silver Bullets zone on and off.
- BoS ( Break of Market Structure ) and MSS ( Market Structure Shift ), for both bullish and bearish direction. Option to
turn them on and off.
- HH, LH, HL, LL were also added, with the option to show it on chart, or to turn it off.
- Lots of input options for flexible display of Order-Blocks and FVGs.
- User can choose to show mitigated OB and FVG in different colors, and can choose to not show them on chart (only show
OB and FVG that still need to be filled in future price movement. (Gives a clear direction and likelihood of where price can
go in the near future)
- Give user options to mark OB and FVG on these horizontal-colored bars, to make it easier to identify OB and FVG in real
time trading.
- Alerts for every condition for OrderBlocks and FVGs:
a) when OB is formed.
b) when OB is touched/reached/mitigated.
c) when FVG is formed.
d) when FVG is touched/reached/mitigated.
- Option to write all these OB and FVG alerts into an alert file under FILE sub-directory, so users can review these important
areas and form their own trading strategy based on these information.
- All 4 forms of alerts are supported: web app Notifications messages, sounds, mobile app notifications, and emails.
- Each alert message has exact local timestamp of when it happened, the exact price at the time, and timeframe of the chart.
- Pivot Points with exact price and line, and R1,R2,R3, and S1,S2,S3 support and resistance level lines and prices are added.
- Button Controls for features like Silver Bullets, HHLL ZigZag lines, OrderBlock, and Fair Value Gaps.
4. - Added functions to show barrs in up-trend and down-trend colors.
- options to show buy arrows and sell arrows on chart based on algorithm.
- option to show uptrend lines, and downtrend lines.
- button to control this feature in main Panel, to show or not show with a click of the button.
- misc other functions added for the calculation of the algorithm.
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This is the free trial version of the Market Structure Lines indicator.
Free bonus indicator is given away once you get the full version. Contact me for your free bonus!
