Smart Stop Indicator
A stop placed at a round number is a guess. Smart Stop Indicator finds the most recent valid stop-loss level on your chart (for Buy and Sell), shows its distance as a percentage of the average daily range, and labels it new, valid or broken in real time. MT5 only.
About Smart Stop Indicator
A stop placed at a round number is a guess. Smart Stop Indicator places it at a level that means something: it finds the most recent valid stop-loss level on your chart (separately for Buy and for Sell) and shows you the price, how far it sits from current price as a percentage of the average daily range, and whether that level is still new, still valid, or already broken.
Key Features
- Finds the latest valid stop-loss level for the Buy and the Sell direction, separately
- SL price shown with its distance as a percentage of the average daily range (ADR), so you can read at a glance whether the stop is tight or wide for that instrument
- Status badge (New, Valid or Broken) updated live as price tests the level
- On-chart SL lines plus a draggable dashboard panel with the price and ADR context
- Optional candle coloring for the current market direction (Buy, Sell or neutral)
- Distance alert when price closes in on the level
- Doubles as a data source for your own expert advisors, with a lightweight mode for that use
- MT5 only
How traders use it
The main use is stop placement while you build a trade. Instead of a round number or a fixed pip distance, you place the stop at the most recent structurally significant level. The ADR% figure tells you what that distance really costs you: a 15% ADR stop on a volatile pair is a different decision from 15% on a quiet one.
The status badge solves a quieter problem. A level you noted an hour ago may already have been tested and broken. Rather than checking by hand, you read the badge: when it turns Broken, you know to work from the next valid level, not stale data. And for traders who automate, Smart Stop Indicator doubles as a clean data feed. A lightweight mode strips the visuals so it can run purely as a source for your EA.
Supported markets
Every instrument in your MT5 terminal: forex, metals, indices, crypto and other CFDs. Pip sizing adapts to each instrument automatically.
Getting started
Attach Smart Stop Indicator to any chart in MT5 and the current SL levels populate from history straight away. If you are building it into an EA, switch on lightweight mode; the developer guide at https://stein.investments/learn/developers/indicator-code-snippets covers reading the levels into your own code.
What traders say
Works great with
Smart Stop Indicator is the foundation of the Smart Stop family. Smart Stop Scanner runs the same level detection across your whole watchlist at once, so you can compare stop distances before you choose where to trade. Smart Stop Manager takes it into the trade itself, handling stop management on your open positions. Across the rest of the Stein lineup, the strength and momentum tools find the setup; Smart Stop Indicator tells you where the stop belongs.
