Fractal break based indicator

MQL5 Indicators Forex

Specification

Hi, I need a custom MT5 indicator based on a multi-timeframe fractal break reversal.


1️⃣ The indicator should use two timeframes:


  • Higher Timeframe (HTF)
  • Lower Timeframe (LTF)
    (Timeframes should be adjustable in inputs, e.g., HTF = H1 and LTF = M5)



2️⃣ Use standard fractals to detect fractal highs and fractal lows.


3️⃣ Primary signal (HTF):


  • When a Lower High fractal is formed and price breaks that Lower High in one move, the indicator should give a BUY signal.
  • When a Higher Low fractal is formed and price breaks that Higher Low, the indicator should give a SELL signal.



4️⃣ Second notification (LTF confirmation):

After the HTF signal, the indicator should monitor the lower timeframe and generate a second alert when the same fractal break rule happens on LTF.


5️⃣ Range condition:

During the second notification, the LTF lower low must remain between the HTF fractal high and HTF fractal low.


Condition:

HTF Fractal Low < LTF Lower Low < HTF Fractal High


6️⃣ The indicator should provide:

• First alert for HTF fractal break signal

• Second alert for LTF confirmation

• Buy/Sell arrows on chart

• Pop-up / push notification alerts


Files:

JPEG
IMG_2757.jpeg
295.6 Kb
JPEG
IMG_2758.jpeg
304.6 Kb
PNG
IMG_2759.png
256.6 Kb

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