Action Threshold Software (ATS) Replica

Watch video demonstration here:  https://www.youtube.com/watch?v=eO8qrpcSoBw

Objective:
Create a custom MQL5 indicator that replicates the core functionality of the Action Threshold Software (ATS), incorporating Boxes, Expansion Lines, and Liquidity Lines, along with their described behaviors and functionalities.

Functional Requirements:

1. Boxes: Contraction Zones

   • Formation Logic:
     • Detect price tightening or contraction phases where simultaneous lower highs and higher lows occur.
     • A box should only appear after the close of a confirming candle to ensure no repainting.
   • Behavior:
     • Boxes mark the starting point of the next significant market move.
     • Serve as areas where market makers assess supply and demand.
   • Display:
     • Draw rectangular zones for contraction phases on the chart.
     • Distinguish between active and inactive zones visually.

2. Expansion Lines: Market Breakout Signals

   • Formation Logic:
     • Drawn when price breaks out of a contraction box, exceeding the high or low.
     • May appear standalone if the breakout conditions are met without a prior box.
   • Behavior:
     • Represent the dividing point between market taker buying and selling pressure.
     • Signal the start of the expansion phase and potential trend direction.
   • Display:
     • White lines extending from the breakout points.
     • Provide forward-looking levels for analysis.

3. Liquidity Lines: Unbalanced Market Levels

   • Formation Logic:
     • Automatically generated alongside expansion lines.
     • Mark levels where traders are likely to close positions due to pressure.
   • Behavior:
     • Red lines signify areas where previous sell positions are closed (buying pressure).
     • Green lines signify areas where previous buy positions are closed (selling pressure).
   • Display:
     • Horizontal lines extending from their formation point, with distinct colors for buy/sell levels.

4. General Features:

   • Non-Repainting: Ensure all elements are fixed once plotted, for accurate backtesting.
   • Customizable Parameters:
     • Ability to configure box formation sensitivity.
     • Enable/disable liquidity lines or expansion lines.
     • Adjust line and box colors, opacity, and line styles.
   • Multi-Timeframe Compatibility: Must function across all timeframes and instruments.

5. Optional Features (If Feasible):

   • Alert system for:
     • New box formations.
     • Price crossing expansion or liquidity lines.
   • Export data (levels and zones) to a file for further analysis.
   • Integration with an EA or ATS assistant tool to recommend trade entries.