Separating Lines
- Indicators
-
Ich Khiem Nguyen
👋 Welcome to Alpha On Chart
I’m building Alpha On Chart as a trading support ecosystem for XAUUSD traders and MT5 users.
Here’s what you can explore:
🔥 VIP MEMBER
Full access to Swing + Scalping signals, the complete XAUUSD Trading Plan, MT5 tools, and additional Alpha resources. - Version: 1.0
- Activations: 10
Section 1: Context and Core Value
Identify Systematic Trend Continuations Following Counter-Trend Pullback Rejections
Active intraday traders and scalpers frequently encounter execution challenges during trend pullbacks: entering prematurely before a correction completes, getting stopped out by extended wicks during routine tests of support, or hesitating during valid trend continuations and entering late into an exhausted price leg. Initiating positions during shallow counter-trend moves without objective structural confirmation often leads to premature execution and unnecessary drawdown.
SeparatingLines provides structured on-chart validation by filtering low-conviction market noise and highlighting verified directional momentum continuation. When counter-trend retracements develop against the prevailing flow, the indicator identifies the point where market participants reject the adverse move and reassert directional control. This delivers objective visual criteria to participate in active trend legs while avoiding indecisive consolidation.
The framework operates during active trading sessions when liquidity and volume drive directional movement, offering structured confirmation across liquid symbols, active instruments, and volatile markets.
Section 2: Entry Logic and Trade Management
Trading with SeparatingLines is objective, visual, and structured across any timeframe.
Visual BUY Confirmation
- The market establishes an overall upward trend structure.
- A temporary counter-trend selling pullback is immediately met by a bullish expansion candle demonstrating clear directional momentum.
- The signal confirms strictly upon the close of the setup candle.
- The open of the subsequent candle serves as the execution reference.
Visual SELL Confirmation
- The market establishes an overall downward trend structure.
- A temporary counter-trend buying bounce is immediately met by a bearish expansion candle demonstrating clear directional momentum.
- The signal confirms strictly upon the close of the setup candle.
- The open of the subsequent candle serves as the execution reference.
Structural Stop Loss Placement
- The indicator automatically projects a protective Stop Loss reference positioned outside the recent structural swing extreme.
- A configurable volatility buffer provides additional distance beyond key pivots to accommodate normal spread variations and short-term market noise.
4 Configurable Profit Targets
The indicator projects four structured risk-to-reward (R-multiple) levels:
- TP1 (0.5R): Initial objective configured for early partial scale-outs on immediate momentum resumption.
- TP2 (0.8R): Intermediate target capturing standard continuation swings.
- TP3 (1.2R): Extended target capturing broader trending impulse waves.
- TP4 (2.0R): Full expansion runner target designed to capture extended directional moves.
Closed-Bar Calculation Logic
- Signals and target levels calculate strictly upon candle close.
- Confirmed markers remain anchored to their original bars without recalculating, repainting, or shifting on future price data.
All-in-One Trading Toolkit on MT5
Purpose-built framework for systematic trend continuation tracking and structured pullback-rejection execution.
Built to support your trading workflow: multi-symbol screening, multi-timeframe confirmation, transparent Entry-SL-TP visual structures, and on-chart historical backtesting.
Multi-Symbol and Multi-Timeframe Scanner
Avoid opening dozens of separate charts.
The integrated MTF SCAN dashboard monitors multiple assets simultaneously across:
M15, M30, H1, H4, D1
Dashboard overview:
- Active Signal Discovery: Shows currently active BUY/SELL setups.
- Signal Status Tracking: Displays basic status of tracked signals (active, near TP, near SL).
- Higher Timeframe Confluence: Highlights when a higher-timeframe trend aligns with a lower-timeframe trigger.
- Market Bias Summary: UP, DOWN, or FLAT reading based on the indicator's own trend filter.
- One-Click Navigation: Click any dashboard cell to switch your active chart to that symbol and timeframe.
Trade Plan Visualization: Entry, Stop Loss and 4-Tier TP Ladder
A full plan displayed on the chart rather than a single alert:
Entry -> Stop Loss -> TP1 -> TP2 -> TP3 -> TP4
- Visual risk/reward zones projected directly onto your candles.
- Basic lifecycle status tracking (Active, TP Hit, SL Hit).
- Non-Repaint Design: Signals lock once the bar closes and do not recalculate, shift, or disappear afterward. This describes the calculation logic only and does not imply any particular outcome.
Signal Filtering (Signal Brake)
Sideways consolidation and two-sided liquidity wicks can generate repeated false signals. The Signal Brake logic is intended to reduce this:
- Limits rapid BUY/SELL flip-flopping in tight consolidation ranges.
- Restricts new same-direction signals while a prior setup is still active.
- Requires a minimum R-distance before the next signal can trigger.
On-Chart Historical Backtest Panel
A built-in panel summarizes how signals performed on historical data for the current settings:
- Historical hit-rate breakdown across TP1, TP2, TP3, and TP4.
- Sample size shown for the configured lookback period.
- Highlights which TP level had the best historical hit-rate for that sample.
- A simple sample-size indicator to help judge statistical relevance.Note: these figures reflect past price data for the tested symbol, timeframe, and settings only. Past results do not guarantee future performance.
Multi-Channel Alerts
Stay informed while away from the chart:
- MT5 Desktop pop-up notifications.
- Audio alerts (.wav).
- Push notifications to the MT5 mobile app via MetaQuotes ID.
Interface
Designed to stay out of the way of your chart:
- 3 size presets: Small (S) / Medium (M) / Large (L).
- One-click minimize and expand toggle.
- Draggable panel that remembers its position across timeframe changes.
Suited For Traders Who Want To:
- Pinpoint high-probability continuation setups as counter-trend pullbacks resolve.
- Filter out erratic wicks and avoid chasing extended candles into local exhaustion.
- Screen separating lines patterns across multiple symbols and timeframes from a unified scanner.
- Confirm higher-timeframe trend confluence prior to taking lower-timeframe continuation triggers.
- Execute trades using systematic structural Stop Loss levels and a 4-tier Take Profit ladder.
- Review historical setup metrics and sample distributions directly on the live chart.
- Receive instant push notifications on MT5 mobile when valid continuation bars close.
Support and Free Trial
A free demo version can be tested in the Strategy Tester and on a demo chart before purchase, through the standard MQL5 Market demo feature.
Want to try the full version before buying? Message me and I'll set you up with a short-term full-feature trial license — just send a message with your account details.
For setup questions or technical support, feel free to send a message through my MQL5 profile.
