MT5 HL HH LL LH Indicator

MQL5 Indicators

Job finished

Execution time 116 days
Feedback from employee
Nice to work with

Specification

I'd like to create an MT5 indicator that highlights Break of Market Structure... e.g. HL HH LL LH. There are some additional features I like to have so that it creates alerts and label the Break of structure Strong or weak depending on if the wick of the candle (High/Low) breaks the structure or if the candle closes above/below. I can specify details if you agree to work with me on this indicator.


Also key is that I'll need the MQL source code as I want to build a EA system by combining this with other confluences (I already have developed these myself).

Please let me know if you are interested and we can take it from there.


A simplified diagram below:


This is just a start and I need someone committed and very experienced on structure/candles/supply&demand concepts as I'd like to engage with you on a complex project 

I've had a few query from potential developers suggesting the use of Zigzag.  While I've considered this, please bear in mind the following tahat are unique to my requirements:

- the break of structure is considered if the wick breaks the previous high/low even by a few pippets (this parameter to be defined) so that the indicator can detect doube top or double bottom

- the previous high, low is traversed back through the candles (lets say 5000 - gain configurable)

- if the the current candle breaks the high or low of the previous candle (and is the opposite colour) *and* is higher/lower than the previous structural high/low, then you need to use that as a break of structure.

example below:



Blue = untested structure

Pink = structure broken

You don't need to draw these in the indicator for all of the history. Just the last n bars or n structure breaks.

I'd like to have two TF (one HTF, Daily, Weekly etc) and one LTF (H1, M15).

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Project information

Budget
50+ USD
Deadline
to 14 day(s)