by MQL5
SMC Structures + FVG with Auto Fibonacci
Platform: MetaTrader 5 (MQL5)
What is this Indicator?
This is a Smart Money Concepts (SMC) indicator that combines three elements:
Fair Value Gaps (FVG)
Market Structure (BOS & CHoCH)
Auto Fibonacci Retracement Levels
It helps traders identify high-probability zones based on institutional price action concepts.
Main Features
1. Fair Value Gaps (FVG)
Detects Bullish FVGs (green) and Bearish FVGs (red)
Shows gaps created by strong impulsive candles
Automatically extends the boxes to the right until mitigated
Changes color when partially mitigated (gray)
Option to reduce size of mitigated FVGs
Configurable number of historical FVGs to display
2. Market Structure (BOS & CHoCH)
BOS (Break of Structure) – Silver lines
CHoCH (Change of Character) – Yellow lines
Detects breaks using candle body or wick (configurable)
Draws historical structure breaks (up to 10 by default)
Labels each break as "BOS" or "CHoCH"
3. Auto Fibonacci
Automatically draws 5 customizable Fibonacci levels from the current swing high/low
Updates in real-time as the current structure develops
Shows both price and ratio on the right side
Resets when market structure changes direction
4. Current Structure
Draws the active swing high and swing low in blue
Continuously updates as price moves
Key Inputs Summary
Category Key Settings
FVG Show/Hide, Colors, History, Mitigation
Structure Breaks BOS/CHoCH colors & styles, History
Current Structure Color, Style, Show/Hide
Fibonacci 5 individual levels with colors
Use Cases
SMC / ICT Traders
Identifying Order Blocks near FVGs
Finding confluence between FVG + Fib levels
Understanding market structure shifts
Scalping & Swing trading