Market Structures MT5
- Indicatori
- Andrei Novichkov
- Versione: 1.30
- Aggiornato: 21 gennaio 2024
The Market Structures MT5 indicator finds and shows the Break Of Structures (BoS) pattern on the chart. The pattern is an important part of the Smart Money Concepts (SMC) system.
The appearance of a pattern means that the price breaks the last peak of an uptrend, or the last bottom of a downtrend. This indicates a change in the existing trend structure and the beginning of a new movement.
BOS is a technical analysis tool used to identify trend reversals.
The set of input parameters is simple. Main parameter:
- Period. Using this parameter, local extrema are determined.
Other parameters change the appearance of the indicator.
The concept of BOS (Break of Structure) refers to a price movement that changes the existing trend structure and initiates a new impulse. This strategy, used in technical analysis, helps traders identify trend reversals and take advantage of potential trading opportunities.
A "Pro" version of this indicator has been developed. You can find it here.
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