by MQL5
KS Chart Pattern With SMC Fibonacci
This is a multi-feature technical analysis indicator for MetaTrader 5 that combines Smart Money Concepts (SMC), Chart Pattern / Elliott Wave detection, Central Pivot Range, Fair Value Gaps (FVG), and Fibonacci retracement levels.
Main Components
1. Smart Money Concepts (SMC) Module
Market Structure: Automatically detects and labels Break of Structure (BOS) and Change of Character (CHoCH).
Current Structure: Draws the most recent high/low structure lines with real-time updates.
Auto Fibonacci: Projects 5 customizable Fibonacci levels from the current structure swing (both bullish and bearish legs).
Fair Value Gaps (FVG): Detects and draws bullish/bearish FVGs with optional labels. Shows mitigation (with color change) and can reduce mitigated zones.
2. Chart Pattern Finder
Detects major Wave and corrective patterns using pivot analysis:
Impulse waves
Zigzag
Flat corrections
Triangles
Diagonal patterns
Complex corrections
Draws wave labels and connecting lines.
Marks correction zones with boxes.
3. Price Action
Daily Pivot Point, BC .
Previous Day High (PDH) and Previous Day Low (PDL).
Key Features & Customizations
Alerts: Desktop and push notifications for BOS/CHoCH and signals.
Performance optimized: Efficient object management and selective redrawing.
Use Cases
SMC / ICT traders — Structure breaks, FVGs, order blocks.
Pattern / Wave traders — Wave and harmonic-style pattern recognition.
Intraday / Swing traders — levels for session bias.
Fibonacci traders — Auto-projected retracement/extension levels from structure.
This is a "Swiss Army Knife" indicator that merges several tools (SMC, CPR, Elliott Wave,Chart Pattern , Fib) into one package.