🚀 Incredible MT5 Indicator for the Forex Market 💹

The indicator blends technical analysis, supply & demand, and RSI divergence, with confirmation through Three Crows and Three Soldiers . However, it does not rely on the traditional same-color candle sequence — instead, it considers consecutive higher or lower levels, creating a more complete SMC (Smart Money Concepts) analysis.
In my view — and I emphasize this — SMC has its limitations. The purpose of this indicator is to raise the level of analysis, making those limitations more effective in practice.
The indicator includes several user-friendly configuration options to enhance the trading experience. Traders can define how support and demand levels are plotted and from which timeframe they are referenced.
For example:

1. Trade on the 1H timeframe, but view support/resistance from the Daily , M1 , or H4 .
2. Or configure it to display only current timeframe levels, so 1H charts show only 1H supports and resistances.

Another powerful feature: it doesn’t only find current levels, but also historical levels if the user chooses to display more.
Examples:

1. Last 2 candles
2. Last 100 candles
3. Last 5000 candles

This flexibility allows traders, regardless of timeframe, to generate a heatmap when plotting many candles (e.g., last 1000 candles). The indicator then highlights where selling and buying levels occurred, with color intensity reflecting market activity.
While this heatmap function is not the main focus here, I’ll detail it in future posts.

The signal in the image appeared recently on EURUSD within the 1H timeframe.

My personal approach is to wait for the price to return to the “Start Zone” (pointed by the blue line) after the signal, before entering a sell trade. In this case, the price dropped quickly, removing the selling opportunity. For faster traders, however, it would have been an excellent short entry.

The reason I wait for price to return to the Start Zone is to ensure the lowest possible drawdown. Often, price may briefly pull back to this region. By placing a sell order directly at Start, the drawdown is significantly minimized before the next downward move.

These zones (Start and Take Profit) are simply a Fibonacci projection that I plot on the chart after the indicator generates an arrow signal. This gives me a clearer picture of where I really want to trade.

Of course, this is optional — you can open an order immediately on the candle following the signal. But as mentioned, I prefer waiting for Start, as it helps reduce exposure and keep drawdown under control.

Another important observation: I’m only interested in buy signals (arrows) when they touch a support zone , and in sell signals when they touch a resistance zone .

In the indicator, I added a tolerance margin that allows signals to be generated when price is near these zones. Personally, I set this margin to 0, because I only want signals when price precisely reaches these regions — that’s when I consider the market to have truly hit its limit.

A successful implementation of the indicator was achieved, allowing it to identify regions where the most relevant buyers and sellers are hidden.
As shown in the image, once these hidden key market participants are detected, the indicator demonstrates buying and selling volume, and finally highlights in yellow the zone where the strongest player is positioned.

Notice that the value is positive . When price returned exactly to this level, the candle made a strong upward move, confirming the positive value previously signaled by the indicator.

This functionality should enable us to hit a high percentage of trades successfully.