Smart Chart Patterns: MT5 indicator for automated structure detection and higher-probability trades

In this Smart Chart Patterns review for 2026 we examine performance and present a detailed analysis of how the indicator interprets market structure. Smart Chart Patterns is presented as an all-in-one market structure and pattern detection system on the MT5 platform, priced at $79 and rated 4.5/5 across 100 reviews. The first paragraph of testing and public results shows clear rules for identifying contraction and expansion phases and how those phases generate measurable breakout opportunities. What makes Smart Chart Patterns unique is its focus on the binary market phases rather than dozens of named chart patterns. The algorithm calculates local volatility, swing structure, and trend context to cluster internal formations into actionable setups. It highlights likely breakout zones and suggests stop placement using average true range calculations. The system is optimized for forex majors, indices, and liquid commodities and handles trending and range-bound sessions by adjusting sensitivity settings. Risk management is embedded through recommended position sizing and stop rules; users should still apply their risk controls. Expected performance characteristics from live tests show moderately frequent signals with a tilt toward higher-quality setups, aiming for positive expectancy rather than overtrading. Traders using Smart Chart Patterns on MT5 will find a transparent rule set, practical results reporting, and a tool that complements discretionary judgment rather than replacing it.