Smart Stop Indicator

Smart Stop Indicator identifies the most recent valid stop-loss level for the current instrument, for both Buy and Sell directions. It shows you the SL price, how far that level is from current price as an ADR percentage, and a status badge indicating whether the level is new, still valid, or already broken. The indicator is built to work both as a standalone analysis tool and as a data source for expert advisors via iCustom buffer access.

Key Features

• Identifies the latest valid SL level for BUY and SELL direction separately
• Displays SL price with ADR% distance for context
• Status badge: New, Valid, or Broken
• On-chart panel showing level price and ADR context
• Distance-to-SL alert when price approaches the level
• iCustom buffer access for EA integration
• Lightweight mode available for EA use to reduce resource load
• MT5 only

How traders use it

The primary use is stop placement during trade setup. Rather than placing stops at arbitrary round numbers or a fixed pip distance, the indicator shows you where the most recent structurally significant level is. The ADR% figure tells you whether that stop is tight, reasonable, or wide relative to the instrument's typical daily range - a 15% ADR stop on a volatile pair means something different from 15% on a low-volatility pair.

The status badge handles a common problem: a level you identified an hour ago may have already been tested and broken. Instead of manually checking whether your reference level is still intact, the badge updates automatically. When it shows Broken, you know to look for the next valid level rather than working from stale data. For EA developers, the iCustom buffer exports the current SL value directly so automated systems can reference it without recalculating the logic independently. Lightweight mode strips out the visual panel components, reducing the indicator's footprint when it is running in the background purely as a data source.

Supported markets

All instruments available in MT5.

Getting started

Smart Stop Indicator is MT5 only. Attach it to any chart and the current SL levels populate from historical data immediately. If you plan to use it with an EA, enable lightweight mode and access the values via iCustom. The full setup including buffer documentation is covered at #.