Smart Money Concept Indicator MT5 Download | Forex Indicator Download - MetaTrader 5 Resources - MetaTrader 5 Resources

On August 17, 2025, version 1.12 added two new sections, Unicorn and Inducement, for more accurate liquidity analysis; to obtain a free license for this indicator, please click "Online Support" and contact us via Telegram or WhatsApp through the "Contact Experts" section.

The Smart Money Concept Indicator is a specialized tool in the form of an expert installation throughout MT5 . The tool automatically displays liquidity levels based on the Smart Money (SMC) method as shown in the figure.

This indicator adds a floating panel to the chart, allowing users to manage different components of the market structure. Each section of the panel corresponds to a core smart money concept. By enabling or disabling options, users can automatically draw or remove elements on the chart.

Smart currency concept indicator specification sheet

The table below lists the specifications of the smart money concept indicators.

List of Smart Currency Concept Indicators

Smart money concept indicators are designed based on institutional behavior and liquidity flows in financial markets.

This trading tool utilizes concepts such as structural breaks, order blocks, FVG and other components to scan charts in real-time and overlay precise analytical data directly on the chart.

Installation steps of Expert in MetaTrader 5

A complete step-by-step guide to installing and running indicators in MetaTrader 5 is provided in a separate tutorial.

To learn more, see the educational content titled "Installing Indicators in MT5".

Enable "Allow automated trading" and "DLL" options

For the correct operation of the Smart Money Concept indicator , the "Allow automatic trading" and "DLL" options must be activated.

The steps to set these up are as follows:

1. First, go to the “Tools” menu in the top bar of MetaTrader 5
2. Then click the "Options" button
3. In the Metrics Advisor tab, select the following checkboxes:
   1. Allow automated trading
   2. Allow DLL imports

How to obtain a license code

To receive a license code, you can contact us via messaging platforms such as Telegram or WhatsApp .

Enter license code

After adding Epert to the chart, the main panel will appear automatically. In this panel, there is a heading titled "Your License." Enter the license code you received exactly without adding any spaces or modifications and confirm your entry.

Manage Smart Currency Analysis Components

The initial part of the panel is designed to display core Smart Money Automation concept . When each option is enabled, its corresponding element is automatically plotted on the chart.

Zigzag structure of price fluctuations

By enabling the "Zigzag" option, oscillatory price movements are plotted graphically on the chart. This structure plays a vital role in identifying major waves, price trends, and directional shifts.

Show circuit breaker block area

When the "BB" option is activated, the Breaker Block area is identified on the chart and drawn as a green box.

Inverse fair value gap (IFVG)

An inverse fair value gap (IFVG) typically occurs during market reversals or corrections. These areas indicate an imbalance between buying and selling pressure.

Killzone Areas

When the Killzone option is activated, a specific time window is displayed on the chart, indicating periods of highest trading volume and volatility.

Order Blocks

When the “Order Blocks” option is enabled, the indicator automatically identifies areas on the chart and plots them as order blocks.

Fair value gap (FVG)

By selecting the Fair Value Gaps (FVG) option, price gaps between candles can be identified. When price returns to these areas, trading positions may be activated, depending on market conditions.

BPR Area

The "BPR" option refers to the overlap between two fair value gap areas. The indicator draws these areas using colored boxes.

Market Structure

The "M Structure" option displays components, such as Change of Character (CHoCH) and Break of Structure (BOS), etc., as lines and labels.

Unicorn Model

The Unicorn Model is considered potential areas for smart currency style traders, allowing them to trade by identifying these areas.

These regions are formed based on the structure of Quasimodo (QM) patterns and the overlap between patterns. Breaker Block and Fair Value Gap (FVG). This combination makes these areas highly critical and influential in the market, providing an area suitable for strong price reactions.

Identify liquidity inducements

By enabling inducement mode, traders can identify levels that indicate price manipulation by smart currencies and institutions. This feature allowed them to identify mobility-inducing regions.

Using this mode provides the conditions for more specialized analysis as liquidity builds up deeper into the market and examines price action paths with deeper insight.

Indicator custom settings

The second section of the panel is dedicated to indicator performance settings, allowing to manage how the analysis area is displayed and the number of analyzed candles.

• Candles to Check : Number of candles processed on the chart
• Last Blocks : Shows the most recently detected blocks
• Untested : Highlights untouched historical areas
• Void : Display the number of blocks consumed

Conclusion

Smart Money Concepts Expert is designed specifically for MetaTrader 5 to provide Smart Money insights, including market structure, key price areas and analytical components.

Its functional and adjustable panels enable users to personalize the display of different concepts. Combined with advanced settings, it provides full control over the indicator's performance.