Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Here's a professional market description for your Smart Money EQ H/L Scanner indicator:
Smart Money EQ H/L Scanner v2.0 - Professional Trading Indicator
PRODUCT OVERVIEW
The Smart Money EQ H/L Scanner is an advanced MT5 indicator designed to identify and visualize institutional manipulation patterns through Equal Highs and Equal Lows detection. This professional trading tool helps traders spot where smart money (banks, hedge funds, institutions) are accumulating or distributing positions before major market moves.
KEY FEATURES
Smart Money Detection:
- Equal Highs Pattern Recognition - Identifies resistance zones where institutions are selling
- Equal Lows Pattern Recognition - Identifies support zones where institutions are buying
- Banker Manipulation Zones - Grey rectangular zones marking institutional activity areas
- Multi-timeframe Analysis - Scans patterns across different timeframes for accuracy
Visual Trading Signals:
- Red Down Arrows - SELL signals at Equal Highs (Resistance zones)
- Green Up Arrows - BUY signals at Equal Lows (Support zones)
- Grey Zone Highlighting - Precise marking of manipulation areas
- Clean Chart Interface - Professional, non-cluttered visual design
News Impact System:
- Real-time News Events - Vertical lines showing upcoming economic releases
- Impact Level Classification - High/Medium/Low impact color coding
- Countdown Timer - Shows time remaining until next major news
- Dynamic Refresh - News lines update automatically
Professional Volume Profile:
- Right-side Volume Analysis - Shows volume distribution across price levels
- Color-coded Volume Bars - Red (highest) to Blue (lowest) volume zones
- Price Level Display - Exact price points for each volume cluster
- 15-minute Refresh Rate - Keeps volume data current
Advanced Dashboard:
- Real-time Account Info - Equity and balance display
- Signal Status Monitoring - Active zone identification
- News Impact Alerts - Current and upcoming economic events
- Scan Countdown - Shows time until next pattern scan
TECHNICAL SPECIFICATIONS
Refresh Intervals:
- Pattern Scanning - Every 4 hours (customizable)
- Volume Profile - Every 15 minutes
- News Events - Real-time updates
- Dashboard - Continuous refresh
Detection Parameters:
- Pattern Tolerance - 50 pips (adjustable for different instruments)
- Minimum Touches - 3+ equal level confirmations required
- Zone Precision - Covers actual candle ranges with minimal buffer
- Signal Validation - Multiple confirmation criteria for accuracy
Visual Customization:
- Color Schemes - Fully customizable bull/bear colors
- Chart Theme - Professional dark blue background
- Grid Transparency - Subtle, non-intrusive grid lines
- Arrow Sizing - Prominent, clearly visible signal arrows
WHO IS THIS FOR?
Perfect for:
- Institutional Traders - Understanding smart money flow
- Swing Traders - Identifying key reversal zones
- Support/Resistance Traders - Precise level identification
- News Traders - Timing entries around economic events
- Professional Money Managers - Portfolio timing decisions
Trading Strategies Supported:
- Smart Money Concepts (SMC) - Core institutional analysis
- Support & Resistance Trading - Enhanced level identification
- Breakout Trading - False breakout detection
- News Trading - Economic event timing
- Multi-timeframe Analysis - Top-down approach
EASY INSTALLATION & SETUP
- Download the .mq5 file
- Copy to MT5/Indicators folder
- Compile in MetaEditor
- Apply to any chart (works on all timeframes)
- Customize parameters as needed
Default Settings:
- Scan Period: 20 candles
- Refresh: 4 hours
- Volume Profile: 15-minute updates
- News Display: Enabled
- Dashboard: Enabled
UNIQUE SELLING POINTS
What Makes This Different:
- Institutional Focus - Designed specifically for smart money detection
- Multi-component System - Combines patterns, volume, news, and dashboard
- Professional Grade - Institution-quality analysis tools
- Real-time Updates - Dynamic, always-current information
- Clean Interface - Professional appearance suitable for live trading
Market Edge:
- Early Detection - Spot manipulation before retail traders
- Precision Zones - Exact entry and exit level identification
- Risk Management - Clear stop loss and take profit guidance
- Market Context - News awareness for informed trading decisions
RISK DISCLAIMER
Trading involves substantial risk of loss. Past performance is not indicative of future results. This indicator is a tool to assist in market analysis and should be used in conjunction with proper risk management and trading education. Always practice proper position sizing and never risk more than you can afford to lose.
Get your edge in the markets with professional-grade smart money analysis. Join the traders who see what institutions are doing before they make their move.
