Dashboard MTF Candle Size Projection


Dashboard MTF Candle Size Projection for MetaTrader 5

Dashboard MTF Candle Size Projection is a powerful, lightweight, non-repainting multi-timeframe analytical matrix for MetaTrader 5 . It calculates dynamic candle volatility metrics (Average Shadow Rejection and Average Body Size) over a user-defined historical lookback period to project critical real-time breakout, re-entry, and target levels across all 9 standard timeframes simultaneously (M1 to MN1) .

Designed for high-frequency scalpers, day traders, and swing traders, this standalone indicator gives you an instant bird’s-eye view of trend alignment, market volatility thresholds, and price exhaustion levels on a single chart.

Key Features

  • Multi-Timeframe Matrix (M1 – MN1): Analyzes 9 timeframes at a glance without opening multiple charts or straining terminal memory.
  • Open Average CSA Trend Signal: Employs an Open Price Moving Average algorithm evaluated on closed bars (Candle 1) to eliminate repaint issues and provide precise trend bias (Blue = BUY, Red = SELL).
  • Dynamic Re-entry Confirmation: Use RE-H/L and RE-BODY triggers to spot optimal pullbacks within an established trend direction.  
  • ​Breakout Execution: The BREAK status signals a strong momentum release beyond average daily boundaries, ideal for breakout momentum strategies.  
  • ​Risk Management / Take Profit: Use OUT signals as profit-taking targets or warnings of an over-extended trend about to enter a correction phase. Projection: Evaluates average high/low shadow rejections and candle body sizes over a customizable daily lookback period (InpDays) to establish accurate statistical levels.
  • Comprehensive Signal Matrix: Displays CSA trend bias, Re-entry zones (RE-H/L and RE-BODY), Breakout triggers (BREAK), and Price Over-extension zones (OUT).
  • Ultra-Lightweight & Standalone: Operates without calling external iCustom indicators, ensuring smooth performance, low memory footprint, and zero chart lag.
  • Anti-Flicker Visual Interface: Optimized visual rendering engine ensures smooth chart updates even during rapid price movements.

Dashboard Signal Breakdown

  • CSA (Candle Signal Analysis): Evaluates trend bias on Candle 1 using the Open Average logic.
    • Blue Box: Bullish Trend Bias (BUY)
    • Red Box: Bearish Trend Bias (SELL)
  • RE-H/L (Re-entry High/Low Shadow): Triggers when the running price reaches the calculated average shadow rejection distance.Blue Box: Price reached the lower shadow rejection level during a Buy trend.
    • Blue Box: Price reached the lower shadow rejection level during a Buy trend. 
    • Red Box: Price reached the upper shadow rejection level during a Sell trend.
  • RE-BODY (Re-entry Candle Body): Identifies price retests against average candle body ranges.Blue Box: Price retraces down to the average body depth during a Buy trend.
    • Blue Box: Price retraces down to the average body depth during a Buy trend. 
    • Red Box: Price retraces up to the average body depth during a Sell trend.
  • BREAK (Volatility Breakout): Triggers when price expands beyond the combined average body and rejection projection level. 
    • Blue Box: Bullish breakout above projected target level.  
    • ​Red Box: Bearish breakout below projected target level. 
  • OUT (Price Over-extension / Reversal Warning): Indicates price has moved beyond maximum statistical boundaries and may be over-extended.  
    • ​Red Box: Buy trend is severely over-extended (potential exhaustion).  
    • ​Blue Box: Sell trend is severely over-extended (potential exhaustion).

Recommended Usage & Strategy Integration

  1. Multi-Timeframe Alignment: Look for confluence where multiple timeframes (e.g., M15, H1, H4) share the same CSA directional color. 
  2. Re-entry Confirmation: Use RE-H/L and RE-BODY triggers to spot optimal pullbacks within an established trend direction.B
  3. Breakout Execution: The BREAK status signals a strong momentum release beyond average daily boundaries, ideal for breakout momentum strategies.​
  4. Risk Management / Take Profit: Use OUT signals as profit-taking targets or warnings of an over-extended trend about to enter a correction phase.

Technical Specifications

  • Platform: MetaTrader 5 (MQL5)  
  • ​Asset Class: Forex, Gold/Metals, Indices, Crypto, Commodities
  • ​Chart Type: Any (Main chart overlay)  
  • ​Repainting: NO (Signal evaluation locked on closed bar data)  


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