ICT Donchian Smart Mony Structure Indicator in MT4: Clear market structure signals and entries

This detailed review examines ICT Donchian Smart Mony Structure Indicator in MT4 with a 2025 perspective on performance and analysis across live and backtested samples. The indicator is unique because it merges classic Donchian Channels with a pivot-based market structure algorithm to flag institutional smart money footprints. Change of Character signals are displayed as prominent red lines, helping traders identify when structural control shifts between buyers and sellers. The algorithm tracks channel breakouts, recent pivots, and higher timeframe bias to prioritize signals that align with institutional behavior. The internal logic calculates pivots and evaluates price relative to Donchian extremes, then applies configurable sensitivity to reduce noise. This makes ICT Donchian Smart Mony Structure Indicator in MT4 particularly effective in trending and range-to-trend transition environments, while requiring cautious interpretation during low-volatility chop. Risk management is built into recommended workflows: fixed percentage stop loss, ATR-based buffer options, and suggested position sizing rules are documented with the indicator so traders can test different risk settings. In practice, users can expect clear visual cues and rule-based entries that simplify trade management. Mehnoosh Karimi, the developer, provides parameter presets and documentation for MT4 installation and tuning. Overall, this indicator offers a systematic way to interpret market structure and presents reproducible signals for traders willing to follow disciplined money and risk management protocols.