Specification
Build an MT5 indicator that automatically detects and labels Market Structure Breaks and Changes of Character based on swing highs/lows.
Features:
· Auto-detect swing points (zigzag-based, configurable depth)
· Label MSB (break of previous low in uptrend, break of high in downtrend)
· Label CHoCH (first higher low in downtrend or lower high in uptrend)
· Draw trendlines connecting recent structure points
· Alert on fresh MSB/CHoCH (push, email, sound)
· Option to show only on current timeframe or multi-timeframe panel
· Non-repainting
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