Indicators “MarketStructuresLite” & “MarketStructuresPro” for MetaTrader 4, 5 and NinjaTrader 8
This Indicators is an important part of the Smart Money Concepts (SMC) system.
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In their calculations, both indicators use methods for finding local extrema (pivot points) at a given “history” depth. The depth of the “history” is configured in the input parameters.
The “MarketStructuresLite” indicator.
The MarketStructuresLite indicator shows patterns – Break Of Structures (BoS) and various swing points (High-high, Low-low, High-low and Low-high). The indicator is free and a code is available for three platforms: MetaTrader 4, 5 and NinjaTrader 8.
Input parameters NinjaTrader 8 |
Input parameters MetaTrader 4, 5 |
NinjaTrader 8 |
MetaTrader 4, 5 |
The indicator is free with source code and available for download. The link is at the bottom of the page.
The “MarketStructuresPro” indicator.
The MarketStructuresPro indicator shows patterns – Break Of Structures (BoS), various swing points (High-high, Low-low, High-low and Low-high) and the Change of character (CHoCH) pattern, Equal Highs & Lows, Premium, Equilibrium and Discount zones levels.
Input parameters NinjaTrader 8 |
Input parameters MetaTrader 4, 5 |
NinjaTrader 8 |
MetaTrader 4, 5 |
Setting up indicators.
Appearance of indicators, style of lines, inscriptions, etc. fully customizable.
The MarketStructuresPro indicator shows a “Legend” with explanations of what this or that icon means. In addition, MarketStructuresPro creates Fibo between the Premium and Discount zones. The number of Fibo levels and their values are also customizable. The MarketStructuresPro indicator has the necessary switches that allow you to disable or enable some of the functionality for the convenience of the User.
How to use the indicator in your work? Read our materials on the topic here and in our Telegram channel (Don’t forget to subscribe)
Price
| Name | MetaTrader 4 | MetaTrader 5 | NinjaTrader 8 |
|---|---|---|---|
| MarketStructuresLite | $Free | $Free | $Free |
| MarketStructuresPro | $48 | $48 | $48 |
