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An MT5 indicator that finds and draws Balanced Price Range and Fair Value Gap zones on the chart, with multi-timeframe layers, zone status filters, arrows, levels and alerts. It is a charting aid for Smart Money Concept analysis, not an automated trading system.
Get one message the moment it launches, with its price.
SMC Venom Model BPR is an MT5 indicator that locates Fair Value Gaps and Balanced Price Ranges on your chart and draws them as rectangles, so you can study imbalance areas without marking them by hand.
A Fair Value Gap appears when three consecutive candles leave an unfilled price area between the first and the third candle. A Balanced Price Range forms where two opposite gaps overlap, creating an area of interaction between buyers and sellers. The indicator scans the chart history, finds both structures and plots bullish and bearish versions in different colours.
You can choose to display BPR zones only, FVG zones only, or both together. A bar distance filter limits how far apart the two gaps in a BPR structure may be, which helps remove loose, unrelated pairs.
Each zone is classified by what price has done since it formed:
Filters let you keep only the statuses you care about, which reduces clutter on busy charts.
An on-chart dashboard switches individual timeframe layers on or off, so zones from higher timeframes can sit on a lower-timeframe chart. A separate settings panel holds options for each timeframe, including detection mode, colours, filters, levels and alert mode. Settings are stored and can be reset from the panel. Use the T key for the dashboard and the S key for the settings panel.
The indicator is not tied to one symbol. It can be attached to forex pairs, metals, indices or other instruments available in your terminal, on any timeframe. Zone frequency and size vary a lot between markets, so review how it behaves on your own instruments before relying on it.
Exact input names and defaults can differ between releases, so open the inputs tab after attaching the indicator and read each option. The main groups are:
| Group | Purpose |
|---|---|
| Display mode | BPR, FVG or combined zones |
| Timeframe layers | Which timeframes are drawn and in what colours |
| Zone filters | Status types and bar distance between gaps |
| Arrows and levels | Style, size, colour and offset |
| Alerts | Mode and channels per timeframe |
| Time filter | Hours during which the indicator works |
| Performance | History check limit and object cleanup mode |
If the chart feels slow, lower the history check limit. Cleanup modes control whether indicator objects are removed, the whole chart is cleaned, or objects are left in place when you remove the indicator.
Trading carries risk, and past results do not predict future ones. Zones highlight areas of interest only and do not tell you where price will go. Use the indicator alongside your own analysis and risk management, and test it on a demo account first.
For mobile push alerts, enter your MetaQuotes ID in the terminal options. For email alerts, set up the mail tab in the same dialog.
| Product type | Indicator |
|---|---|
| Platform | MetaTrader 5 (indicator, not an expert advisor) |
| Strategy focus | Signals, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Indicator for Smart Money Concept analysis |
| Detects | Fair Value Gaps (FVG) and Balanced Price Ranges (BPR) |
| Markets | Any symbol available in your MT5 terminal |
| Timeframes | Current timeframe plus selectable higher timeframes |
| Trade style | Signals and support and resistance mapping; manual decisions |
| Alerts | Popup, push notification, email and sound |
| Requirements | MT5 desktop terminal; mobile push needs a MetaQuotes ID |
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No. It is a visual analysis tool. It draws zones, arrows and levels and can send alerts, but it does not place, modify or close orders. Any trading decision remains yours.
Extract the downloaded archive and copy the MT5 indicator file into the MQL5\Indicators folder of your terminal (File, Open Data Folder). Restart MT5 or refresh the Navigator, then drag the indicator onto a chart and allow the settings you need.
This listing is for MetaTrader 5. The download package may contain files for more than one platform, so check the contents and only load the MT5 file into MT5. If you trade on MT4, confirm that you have the matching MT4 build before using it.
It can be attached to any symbol and timeframe your broker offers in MT5. Higher-timeframe zones can be shown on a lower-timeframe chart through the dashboard. How useful the zones are depends on the market, so test on a demo account first.
Either panel may be hidden. Click on the chart and press T to show or hide the multi-timeframe dashboard, or S to show or hide the settings panel.
Yes. Alerts are configured separately from the visual layers, so a hidden timeframe can still notify you if its alert mode is enabled. Turn the alert off for that timeframe if you do not want notifications.
SMC Venom Model BPR MT5
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