2 Candle Retracement structure marking SMC MT5

MQL5 Indicators

Specification

I want 1-2-3 wave structure indicator mt5 and its source code. Indicator has not any lock and pass code to open, wherever I can use it in my different mt5 system

This is like SMC structure its create 1-2-3 wave, wave 1 for impulse move, 2 for correction (retracement wave), 3 for impulse. When price break 2 retracement low/high with candlestick close then create BOS (wick don't matter) candlestick close important. And retracement rules--

This indicator based on 2 consecutive candlestick retracement patterns. 2 consecutive candlesticks mean -- when price creates 2 consecutive candlesticks opposite  wave1 (Impulse Wave) then start retracement, and price creates low/ high points confirm it-- its mean retracement start

Example for down trend --

When price drop with consecutive sell candle and creates bullish two consecutive candle which show against the wave then we consider retracement start...When price create single candlestick against the wave 1 its single candle retracement but we follow 2 consecutive candlestick retracements. 2nd candlestick must close above/ below 1st candlestick ( in pics see clear examples)

Add dashboard for Timeframes arrow with color when price complete BOS , Dashboard arrow show us where break of structure is done And show order block ( supply demand zone)

I explained more clear in pics ...plz watch this attached pics

Add Indicator input parameters control settings 

Likes - 

1.Supply&Demand zone- true/false 

2. Supply&Demand zone color- true/false 

3. Show BOS lines - true / false 

4. Change color settings of high / low line

5. Add line settings- dot, dash, etc.  

6. Add dashboard chart corner location

I try to explain everything in pics


Files:

PNG
STRUCTURE_1.png
138.5 Kb
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STRUCTURE_2.png
142.5 Kb
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STRUCTURE_3.png
136.8 Kb

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