Price Action Break of Structure Indicator for MT5: Clear Market Structure and Trade Signals

This 2025 review examines Price Action Break of Structure Indicator performance and offers a structured analysis of real-world behavior on MT5 charts. The review evaluates how the indicator identifies pivot points, labels market structure, and signals Break of Structure events across multiple timeframes. Performance observations in this analysis include sensitivity trade-offs and how parameter choices affect signal frequency and quality. Michael Zane Nielsen developed the indicator to automate classical price action rules, making structural reads objective and repeatable for algorithmic integration and manual traders alike. What makes Price Action Break of Structure Indicator unique is its explicit pivot validation using a user-defined swing strength, which checks a fixed number of bars to the left and right of a potential pivot before labeling it. The algorithm operates deterministically: it scans bar highs and lows, confirms pivots against the swing strength, labels HH/LL/HL/LH, and then detects when a subsequent pivot breaks the prior structure. This clear logic reduces subjective interpretation and simplifies backtesting of structure-based entries. The indicator handles trending and range-to-trend transition conditions best, providing clearer entries when higher timeframe bias aligns with lower timeframe Break of Structure confirmations. Risk management is left to the user but the indicator supports stop placement at recent pivot extremes and suggests position sizing tied to average true range. Expected performance characteristics include moderate trade frequency on H4-D1, higher sensitivity on lower timeframes, and improved win rate when combined with trend filters and volume confirmation.