Smart Market Structure Concepts Settings – Trading Systems – 24 May 2023

By Forex Uy tín On Th5 24, 2023

Smart Market Structure Concepts Settings – Trading Systems – 24 May 2023 – Traders’ Blogs

———-General Settings———-
Allows to display historical Structure or only recent ones: Allows the user to select Historical (default) or Present, which displays only recent data on the chart.
Max bars back for caculate: Allows the user to set the historical number of max bars for indicator caculate. If you want to see more HTF information, you need to set this value higher.
———-Internal Structure———-
Show Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH).
Select Internal Structure Break Type: Support 3 types of breakthrough options (Wick break, Body break, Two Candles break)
Select iBullish Structure type: Allows the user to select display All bullish structure or BOS/CHoCH separately.
iBullish Structure Color: Allows the user to define the color you like.
iBullish Structure Text Size: Allows the user to set the label text size and line width.
iBullish Structure Line Width:
Select iBear Structure type: Allows the user to select display All bearish structure or BOS/CHoCH separately.
iBear Structure Color: Allows the user to define the color you like.
iBear Structrue Text Size: Allows the user to set the label text size and line width.
iBear Structrue Line Width:
Maxbars to find Internal Structure: Define the bars number for confirm Internal High/Low, For large TF, consider setting the value smaller, and the small TF larger.
Structure detect Filter: Filter non-significant internal structure breakouts.
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Show iBull BOS label text: Allows the user to turn off the display of Label text, If you don’t like to see many text displays.
Show iBull CHoCH label text
Show iBear BOS label text
Show iBear CHoCH label text
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———-Swing Structure———-
Show Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels).
Select Swing Structure Break Type: Support 3 types of breakthrough options(Wick break, Body break, Two Candles break)
Select Bullish Structure type: Allows the user to select display All bullish structure or BOS/CHoCH separately.
Bullish Structure Color: Allows the user to define the color you like.
Bullish Structure Text Size: Allows the user to set the label text size and line width.
Bullish Structure Line Width:
Select Bear Structure type: Allows the user to select display All bearish structure or BOS/CHoCH separately.
Bear Structure Color: Allows the user to define the color you like.
Bear Structure Text Size: Allows the user to set the label text size and line width.
Bear Structure Line Width:
Show Swings Points(HH/HL/LL/LH): Displays swing points labels on chart such as HH, HL, LH, LL.
Maxbars to find Swing Structure: Define the bars number for confirm Swing High/Low.
Show Strong/Weak High/Low: Display the latest High/Low lines, Conforming to the price trend is defined as Strong High/Low.
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Show Bull BOS label text: Allows the user to turn off the display of Label text, If you don’t like to see many text displays.
Show Bull CHoCH label text
Show Bear BOS label text
Show Bear CHoCH label text
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———–Fractal Points———-
Show ZigZag Lines: Display ZigZag Lines on the chart.
Show Fractal Points: Display Fractal Points on the chart.
Bars For Fractal: Bars number for calculate Fractals.
ZigZag Line style: Allow the user to change the line color and style.
ZigZag Line color:
Fractal High Color: Allow the user to change the Fractal Points color.
Fractal Low Color:
———–Order Blocks———-
Show Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart.
Show Last iOB count: If you want to see more IOBs on the chart, set the number higher.
Show Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart.
Show Last OB count (min value 1): If you want to see more OBs on the chart, set the number higher.
Show OB mean threshold: Enables the Order Blocks mean threshold.
Select OB Display Type: Two Options for the user to select, Display As Rectangles or Display With Top-Bottom Lines. The display method of “Display With Top Bottom Lines” will be more concise and not troubled by color confusion, when OB rectangles overlap.
Order Block Filter: Use ATR to filter out extra long candles which will be defined as Order Block.
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Bull Bear OB Alternating display(More concise): Default is false, This option is specially set for those who do not want to see a bunch of OBs.
If you don’t want to see too many messy OB blocks,select true
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———–OB style settings———-
Internal Bullish OB Color: The set color will be applied to Internal Bullish Order blocks which display as filled rectangles.
Internal Bearish OB Color
Bullish OB Color
Bearish OB Color
Extend the OB rectangles: Extend the OB rectangles to the rightmost edge of the chart.
Bull OB mean threshold color
Bear OB mean threshold color
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Bullish OB/iOB Top-Bottom Lines Color style
Bullish OB/iOB Top-Bottom Lines Color width
Bullish OB/iOB Top-Bottom Lines Color
Bearish OB/iOB Top-Bottom Lines Color style
Bearish OB/iOB Top-Bottom Lines Color width
Bearish OB/iOB Top-Bottom Lines Color
Extend OB/iOB Top-Bottom Lines
———-Supply&Demand Order Blocks———-
Show Supply&Demand Order Blocks
Select Supply&Demand OB Type(ALL, Reversal Type, Continue Type)
Select Supply&Demand OB Display Type(ALL, Display Zones Only, Display Lines Only)
Number of Supply OBs to display on chart(min value 1)
Number of Demand OBs to display on chart(min value 1)
Supply&Demand Line Type
Supply&Demand Mean Threshold Line Type
Supply Line Color
Demand Line Color
Supply Mean Threshold Line Color
Demand Mean Threshold Line Color
Supply Zone Color
Demand Zone Color
———-High Timeframe Structure———-
Show High Timeframe Control Panel: Display control panel of HTF, You can quickly control the display and hide of bigBar ChoCH BOS OB through the buttons on the panel.In order to avoid too much messy information, it is recommended to turn off LTF related functions when using HTF functions.
Select High Timeframe: Select HTF Period.The selected period must be greater than the period of the current chart.
Show HTF BigBar: Display the Candles of large period. BigBar will be displayed in the lower layer of the current candle graph. In order to avoid the color confusion of large and small period, it is recommended to set the color of candles in small period to light color.
Show HTF Internal BOS
Show HTF Swing BOS
Show HTF Internal CHoCH
Show HTF Swing CHoCH
Show HTF Internal OB
Show HTF Swing OB
Show HTF OB mean threshold
Show HTF Strong/Weak High/Low
———–HTF Structure Style settings———-
Internal Bullish OB Color
Internal Bearish OB Color
Bullish OB Color
Bearish OB Color
Extend the OB rectangles
Bull OB mean threshold color
Bear OB mean threshold color
Internal Bullish Structure Color
Internal Bear Structure Color
Swing Bullish Structure Color
Swing Bear Structure Color
Bull BigBar color
Bear BigBar color
———-MTF Structures Dashboard———-
Show MTF Structures Dashboard: Display Multi-Timeframe Structures Dashboard in the four corners of the chart.
MTF Dashboard Panel Corner
Select Timeframe1: Allow the users to set any four period.
Select Timeframe2
Select Timeframe3
Select Timeframe4
Show Internal Structures: Display internal structures(Bull/Bear iCHoCH&iBOS)
Show External Structures: Display external structures(Bull/Bear CHoCH&BOS)
Bull Structure Label Text Color
Bear Structure Label Text Color
Bull Structure Label BgColor
Bear Structure Label BgColor
———-Fibonacci Retracement———-
Show Fibonacci Retracement Line: When there is a market structure formed, Indicator start to detect the price retracement.
Select FB Retracement type: FB Retracement according to which type of market structrue, Internal or Swing
Fibonacci Retracement Line color:
FBR Text color when price retracement exceeds 50%: When Price Retracement over 50%, change text color to a more striking color.
Display full FB levels：Display complete FB objects.
Level 1: You can customize FB levels parameters.
Level 2: You can customize FB levels parameters.
Level 3 : You can customize FB levels parameters.
Level 4 : You can customize FB levels parameters.
FB levels color
———-BSL/SSL Taken Detect———-
Show BSL/SSL Taken Line: Enables the BSL/SSL Taken detection and display arrow line，Because of the limitation of the algorithm, it is recommended to enable this function only in large period.
Show BSL/SSL Taken Text: Display text option
BSL/SSL Taken threshold(minval=0.5, step=0.1): Filter out those BARs that are too much higher/lower than the previous high/low
BSL line and text color
SSL line and text color
———-EQH/EQL———-
Show Equal High/Low: Displays EQH / EQL labels on chart for detecting equal highs & lows.
Bars Confirmation Length: Allows the user to select how many bars are needed to confirm an EQH / EQL symbol on chart.
Auto Threshold: Filter out non-significant fair value gaps.
———-Fair Value Gaps———-
Display Fair Value Gaps: Display FVGs as rectangles on chart.For those who are used to trading with FVG, the indicator provides the function of extending the FVG rectangle to the right to the current BAR and displaying the HTF FVG.
Auto Threshold: Filter out too small FVG.
Timeframe: Allows the user to select display high-timeframe FVGs.
Bullish FVG Color
Bearish FVG Color
Extend FVG(minval = 0): Allows the user to define the distance that FVG rectangles extends to the right, If 1, it means extending to the right 1 Bar distance.
Extend FVG rectangle to current candle: You can extend FVG directly to the right to the current Bar.
Delete FVG when filled: Delete the FVG when price filled it.
Filled FVG color: If you choose not to delete FILLED FVGs, you can set colors to distinguish them from FILLED FVGs.
Show FVG Consequent Encroachment: Enables the FVG Consequent Encroachment
Bull FVG Consequent Encroachment color
Bear FVG Consequent Encroachment color
———-Liquidity Voids———-
Display Liquidity Voids: Detect Liquidity Voids and mark it. Here LV is defined as the gap imbalance between two candles. LVs rarely appear in the continuously traded foreign exchange market，The stock index market appears more frequently and is also more important.
Auto Threshold
Liquidity Voids Color
Delete LVs when filled
Filled LVs color
———-Long Wicks———–
Show Long Wicks: Display Long Wicks at the High/Low area.
Long Wick threshold(minval=0.5,step=0.1): The higher the value, the longer the wick need to be displayed.
Bullish LW Color
Bearish LW Color
Delete LW when filled
Filled LW color
———-Premium/Discount zones———-
Show Premium/Discount Zones: Allows the user to display Premium, Discount , and Equilibrium zones of last swing on the chart
Premium Zone Color
Equilibrium Zone Color
Discount Zone Color
———-Previous Day/Week/Monthly High/Low———-
Show daily high/low
Line Color for daily
Show weekly high/low
Line Color for weekly
Show Monthly high/low
Line Color for monthly
———-Previous Day Open/Close———-
Show previous day open/close
Line Color for PDO/PDC
———-Time Zone———-
Show Market Time Zone with rectangle: Automatically mark the trading time zone of each foreign exchange market.
Number of Each Market Time Zone to display(0 means all): The user can set to display only the latest few results to avoid cluttering CHART with all of them displayed.
Time Zone Rectangle color
Time Zone label font size
Show London Time Zone
Show Frankfurt Time Zone
Is European Summer Time: When European time is summer time, set it to true.
Show Tokyo Time Zone
Show Sydney Time Zone
Show New York Time Zone
Is US Summer Time: When US time is summer time, set it to true.
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Show Asian Range: For day trade, the use of Asian Range and Opening Price are key. See ICT theory.
Number of Asian Box to display(0 means all): The user can set to display only the latest few results to avoid cluttering CHART with all of them displayed.
Asian Range Box Color
Asian Range Line Color
Asia Max Favourable Range
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Show NY Midnight Open
Show NY Midnight VLine
NY Midnight VLine style
NY Midnight VLine color
NY Midnight HLine style
NY Midnight HLine color
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Show Tokyo Open Price
Show Sydney Open Price
Show London Open Price
Show Frankfurt Open Price
Show NewYork Open Price
Open Line Color
Open Line Width
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Show Time Zone Panel at top left corner
Panel text color
Panel text color for market opening
———-NWOG/NDOG———-
Display New Week Open Gap
Number of NWOG to display(0 means all)
NWOG Box Color
Show NWOG Label
NWOG Label color
Show NWOG C.E.
NWOG C.E. Line style
NWOG C.E. Line color
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Display New Day Open Gap
Number of NDOG to display(0 means all)
NDOG Box Color
Show NDOG Label
NDOG Label color
Show NDOG C.E.
NDOG C.E. Line style
NDOG C.E. Line color
———-Candle Timer———-
Show Candle Timer: Display the countdown of each candle.
Text Size
Text Font
Text Color
Text Color Countdown
Text Shift Bars(Candle Location)
Text Shift Price(Candle Location)
Enable Alarm when the Candle is going to finished: Turn on the candle countdown alarm clock.
Set Countdown seconds for Candle Alarm: Set countdown
Sound Wav File: Select the sound file. You can put the sound file in the sounds directory of the MT installation directory.
———-Draw Candles by Trend———-（MT5 version only）
Draw Candles by Trend: Draw candles color according to internal trend.
Bull Candles Color
Bear Candle Color
———-Alerts———-
Alert when Bullish CHoCH formed
Alert when Bullish BOS formed
Alert when Bearish CHoCH formed
Alert when Bearish BOS formed
Alert when Internal Bullish CHoCH formed
Alert when Internal Bullish BOS formed
Alert when Internal Bearish CHoCH formed
Alert when Internal Bearish BOS formed
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Alert when Internal Bullish OB break
Alert when Internal Bearish OB break
Alert when Bullish OB break
Alert when Bearish OB break
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Alert when Internal Bullish OB touched
Alert when Internal Bearish OB touched
Alert when Bullish OB touched
Alert when Bearish OB touched
OB Touch threshold(minval=0, maxval=1, step=0.1)
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Alert when EQH formed
Alert when EQL formed
Alert when Swing High formed
Alert when Swing Low formed
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Alert when Bullish FVG formed
Alert when Bearish FVG formed
Alert when Bullish FVG filled
Alert when Bearish FVG filled
Alert when Bullish FVG touched
Alert when Bearish FVG touched
FVG Touch threshold(minval=0, maxval=1, step=0.1)
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Alert when Bullish LW formed
Alert when Bearish LW formed
Alert when Bullish LW filled
Alert when Bearish LW filled
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Alert when BSL Taken
Alert when SSL Taken
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Alert when Previous Day High touched
Alert when Previous Day Low touched
PDH/PDL Touch threshold(minval=0, maxval=0.5, step=0.1)
———-Alerts to mobile———-
Alert to your MT4/5 mobile device
To realize this function you need:
1.MetaQuotes IDs are specified.(Tools->Options->Notifications->MetaQuotes ID)
2.Enable Push Notifications.(Tools->Options->Notifications->Enabel Push Notifications)
———-Alerts to Email———- （MT5 version only）
Alert to your Email address
To realize this function you need:
1.Enable Email Notifications.(Tools->Options->Email->Enable Email Notifications)
2.Setup an Email Account at www.gmx.com.(Video tutorial: https://www.youtube.com/watch?v=lSomE8aFa2Q)
3.Enable access to GMX account via POP3 and IMAP.(GMX Email->Settings->POP3 & IMAP)
4.Fill in the mailbox information for sending mail.(Tools->Options->Email->SMTP Server/SMTP login/SMTP psw/From/To)

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