Specification
Hello,
I would like to develop a professional MetaTrader 5 (MT5) indicator based on the following trading concept:
Liquidity Sweep + Market Structure Break + Confirmation Candle
The goal is to create an indicator that generates high-probability BUY and SELL signals with fewer but stronger setups.
BUY Conditions
A BUY signal appears when:
- Price sweeps a clear previous low (liquidity grab).
- Price moves back above that low.
- A bullish break of market structure occurs.
- A strong bullish confirmation candle closes.
- After the candle closes, display BUY below the candle.
SELL Conditions
A SELL signal appears when:
- Price sweeps a clear previous high (liquidity grab).
- Price moves back below that high.
- A bearish break of market structure occurs.
- A strong bearish confirmation candle closes.
- After the candle closes, display SELL above the candle.
Requirements
- Use closed candles only (no repainting).
- Detect clear swing highs and lows as liquidity levels.
- Add confirmation candle filter (no doji or weak candles).
- Add minimum distance between signals to avoid signal clustering.
- Add optional trend filter.
- Add optional session filter (London / New York).
Visual Display
Signals must be clear on the chart:
- BUY text below bullish candle
- SELL text above bearish candle
Buffers
Include buffers for EA usage:
Buffer 0 → BUY
Buffer 1 → SELL
Goal
The indicator should produce few but high-quality signals.
Example:
For XAUUSD M15, around 2–4 signals per day.
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