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Specification
I need an MT5 Indicator that DOES NOT open trades automatically.
Its purpose is to analyze the market and send me a notification whenever all the conditions of my strategy are met.
INDICATORS USED
- RSI (14)
- SMA (100)
- Volume
- H4 Support Detection
CONDITIONS
1. RSI on M15
- RSI (14) must be equal to or below 30.
2. RSI on H1
- RSI (14) must be equal to or below 35.
3. SMA 100
- Use a Simple Moving Average (SMA) with a default period of 100.
- The SMA period should be configurable.
- The current price must be sufficiently far away from the SMA 100.
- The minimum distance from the SMA must be configurable (percentage or pips).
4. H4 Support Detection
- Support detection must be performed on the H4 timeframe.
- First, the system must identify the current support zone where the price is currently bouncing or trading very close to.
- Once this current support zone is identified, the system must scan historical chart data and verify whether the same zone acted as support in the past.
- Both wick touches and candle body touches must be considered valid.
- I do not want an exact price level; I want a support zone with configurable tolerance.
- A support zone is considered valid when:
- The current price is at or very close to the zone.
- The same zone has been touched at least 2–3 times in the past.
- After each touch, the market produced a visible bullish reaction.
- Historical touches can be weeks or months old.
- The more historical reactions the zone has, the stronger the support should be considered.
5. Volume
Volume Condition
The average volume of the last 10 candles must be at least 30% higher than the average volume of the previous 15 candles.
O más simple:
The average volume of the last 5–10 candles must be significantly higher than normal recent volume.
The current candle volume must be 30% or more above the average volume of the previous 15 candles.
Examples:
- 30% higher = Valid
- 40% higher = Valid
- 50% higher = Valid
- 100% higher = Valid
Any value below 30% is not valid.
6. Final Confirmation
- The last closed candle must be bullish (green candle).
ALERTS
When ALL conditions are met simultaneously:
- Send an MT5 push notification to my mobile phone.
- Display an alert on the MT5 platform.
The notification should include:
- Trading symbol.
- Current price.
- Signal time.
- M15 RSI value.
- H1 RSI value.
- Support confirmation.
- Volume confirmation.
- Distance from SMA 100.
IMPORTANT
- The indicator must NOT open trades automatically.
- It should only detect opportunities and send alerts.
- All important parameters must be configurable.
- If there is a more reliable or efficient way to program the support detection logic, I would appreciate suggestions
The notification should include the trading symbol, current price, signal time and all conditions that triggered the signal..
The indicator should only search for signals between 11:00 and 18:00 Spanish time.- No alerts should be generated outside this time window.
- The trading hours should be configurable.