Modern forex trading is increasingly shifting towards institutional trading logic, and among the leading concepts is Smart Money Concepts (SMC). Traders who adopt SMC aim to follow the footprints of institutional players to identify high-probability trade zones. To streamline this approach, the SMC Venom Model BPR Indicator MT4 V1 emerges as a powerful analytical tool that visualizes critical market imbalances and breakout zones with precision.
This advanced indicator for MetaTrader 4 is engineered to detect Fair Value Gaps (FVG) and Balanced Price Ranges (BPR)—two essential patterns for understanding price movements and liquidity voids on the chart.
Let’s explore how this indicator works and why it’s a must-have for any serious SMC trader.
What is the SMC Venom Model BPR Indicator?
The SMC Venom Model BPR Indicator MT4 V1 is a professional tool designed to assist traders who follow the Smart Money Concept. It automates the detection and visualization of price imbalances that signal potential trading opportunities—primarily through FVG and BPR structures.
These price patterns reflect moments when institutional players move the market, leaving behind gaps or price bridges, which can later act as key support/resistance or reversal zones.
🔍 Pattern Logic Explained
1. Fair Value Gap (FVG)
An FVG is formed when a price gap exists between the first and third candles of a three-bar structure. This indicates an imbalance in volume and price, often due to rapid institutional entry. These gaps are commonly revisited by price, making them valuable zones for re-entry or continuation.
2. Balanced Price Range (BPR)
A BPR is a unique Smart Money pattern formed by two FVGs that connect to build a price “bridge.” This bridge typically marks a breakout and a return, especially when trading activity is thin and volume is low. These zones are crucial for recognizing institutional manipulation and fakeouts.
🛠 Key Features & Functional Highlights
✅ Pattern Customization
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Toggle between displaying FVG or BPR patterns (or both)
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Option to hide all patterns for clearer chart analysis
✅ Visual Precision
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Highlighted zones shown as rectangles
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Arrows for directional cues with support for 9 custom types or manual Wingdings codes
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Customizable colors, sizes, and offsets using ATR-based logic
✅ Performance Optimization
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BarsToCheck setting limits historical load for improved terminal performance
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Clean-up modes on indicator removal: delete only its objects, full chart clean, or retain
✅ Time Window Filtering
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Restrict indicator activity to specific timeframes (ideal for session-based traders)
✅ Notifications & Alerts
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Pop-up alerts
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Push notifications to mobile devices
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Email alerts
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Custom sound files (e.g.,
alert.wav) -
Editable alert message formats (e.g., “Up Signal”, “Down Signal”)
🧠 Strategy Application
The SMC Venom Model BPR Indicator is not just a drawing tool—it aligns closely with Smart Money-based trading strategies:
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Identify liquidity grabs and institutional re-entries
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Pinpoint imbalances that are likely to be mitigated
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Use FVG/BPR zones as entry points or stop-loss levels
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Combine it with order block analysis or internal structure shifts for enhanced accuracy
📈 Use Case Example
Imagine the price breaks upward aggressively, leaving behind an FVG. The SMC Venom Model marks this imbalance zone visually. The price later returns to this FVG, where you initiate a long trade, backed by volume confirmation and trend alignment. The BPR formation may then signal an extended move or retracement—giving you a new exit zone or re-entry opportunity.
🔧 Built With
Developed using MQL4, the indicator uses:
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Real-time price gap detection algorithms
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Smart Money structural logic
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ATR calculations for visualization offset
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Wingdings symbol integration for chart clarity
✅ Best For
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SMC strategy followers
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Intraday and swing traders
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Traders using price action and volume logic
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Those looking to refine entry/exit strategies with automated SMC tools
💹 Universality
This indicator supports:
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All timeframes (from M1 to Monthly)
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Any currency pair
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Compatible with commodities, indices, and crypto pairs too
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