Metatrader 5 Indicator | Smart Money Concepts | Free Download

RobotFX curates the best open-source MetaTrader code to inspire your trading automation.

The signal engine fires a BUY arrow below the bar when a bullish candle touches an active Bullish Order Block after the block was formed, and a SELL arrow above the bar under the equivalent bearish condition. An optional confluence filter (Require FVG near OB) raises signal quality by only triggering when a same-directional FVG overlaps the Order Block zone. Signal arrows are placed at ATR-offset positions below lows (BUY) or above highs (SELL) for clean visual separation. Alerts are fully supported: popup, email, and push notification options are all independently switchable, and the indicator prevents duplicate alerts on the same bar.

Key features at a glance:

• Automatic BOS and CHoCH detection with trend-state tracking
• HH / HL / LH / LL swing labels drawn at each pivot
• Bullish and Bearish Order Block zones with mitigation logic
• Bullish and Bearish Fair Value Gap boxes with mitigation logic
• Equal Highs and Equal Lows detection with dashed connector lines
• BUY and SELL arrow signals based on OB retest (with optional FVG confluence filter)
• ATR-14 adaptive thresholds for noise-free detection on all timeframes
• Popup, email, and push notification alerts with per-bar deduplication
• All five modules are independently toggleable and fully color-customizable
• Automatic chart cleanup on removal or reinitialization
  

  

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Input Parameters

Parameter	Default	Description
--- Market Structure ---
InpShowStructure	true	Enable or disable BOS/CHoCH lines and swing labels on the chart.
InpSwingLength	10	Number of bars to the left and right required to confirm a pivot high or low. Larger values produce fewer but more significant structure levels.
InpShowSwingLabels	true	Show HH, HL, LH, LL labels at each detected swing pivot point.
InpBullColor	DodgerBlue	Color used for bullish structure lines, BOS/CHoCH labels, and HL swing tags.
InpBearColor	Red	Color used for bearish structure lines, BOS/CHoCH labels, and LH swing tags.
--- Order Blocks ---
InpShowOB	true	Enable or disable Order Block zone drawing.
InpMaxOB	5	Maximum number of active Order Blocks stored and displayed per direction (bull/bear). Oldest blocks are removed when the limit is reached.
InpOBExtend	20	Number of bars to extend the right edge of Order Block rectangles forward in time.
InpBullOBColor	CornflowerBlue	Fill color for Bullish Order Block zones.
InpBearOBColor	LightCoral	Fill color for Bearish Order Block zones.
--- Fair Value Gaps ---
InpShowFVG	true	Enable or disable Fair Value Gap zone drawing.
InpBullFVGColor	MediumSeaGreen	Fill color for Bullish FVG zones (upward price imbalance).
InpBearFVGColor	Salmon	Fill color for Bearish FVG zones (downward price imbalance).
InpFVGExtend	10	Number of bars to extend the right edge of FVG rectangles forward in time.
--- Equal Highs and Lows ---
InpShowEQHL	true	Enable or disable Equal Highs and Equal Lows detection and labeling.
InpEQHLLen	5	Pivot lookback length used specifically for the EQH/EQL module (bars each side).
InpEQHLSens	0.5	ATR multiplier defining how close two pivot levels must be to qualify as equal. A value of 0.5 means the price difference must be less than 0.5 x ATR.
InpEQHColor	OrangeRed	Color for Equal Highs connector lines and labels.
InpEQLColor	LimeGreen	Color for Equal Lows connector lines and labels.
--- Signal Settings ---
InpShowSignals	true	Enable or disable BUY and SELL arrow signals on the chart.
InpRequireFVG	false	When enabled, a signal is only generated if an active same-directional FVG overlaps the triggering Order Block zone, adding a confluence filter.
InpAlerts	true	Enable popup alert notifications when a new BUY or SELL signal fires.
InpEmailAlert	false	Send an email notification on each new signal (requires email configured in MetaTrader terminal settings).
InpPushAlert	false	Send a push notification to the MetaTrader mobile app on each new signal.

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