Abiroid TrendLine XRay MT4
- Indicators
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Abir Pathak
I create MT4 and MT5 indicators. They are mainly arrows and scanner indicators and also some essential utilities.
I'm hoping they will make your trading easier and make you profitable.
You can join my Telegram channel to keep track of all products I post. - Version: 1.1
For detailed blogpost read:
https://www.mql5.com/en/blogs/post/779636
Note that this is just a single chart indicator.
Contact me for more info about Scanner Dashboard
How the Structural Projection Works
When you trade on a 15-minute or 1-hour chart, you are often trading inside a much larger structure that formed on the 4-Hour or Daily chart. If you do not have those macro lines plotted, you might buy right as price hits a major Daily channel ceiling.
This tool acts like an X-ray. It looks up to your chosen higher timeframes, scans recent swing highs and swing lows, and finds the cleanest channels, wedges, and triangles using mathematical scoring:
- Automated Pivot Anchors: It identifies true swing pivots over a set lookback window, ensuring trendlines are anchored to real structural highs and lows.
- Touch Verification: It checks how many times price actually tested each boundary within an ATR-based tolerance zone.
- Violation Filter: It checks whether price closed outside the lines during the formation. Clean lines with zero violations get higher scores.
- Quality Score (0 to 100): Every detected structure gets a numerical score. High-scoring structures (75+) represent strong institutional boundaries.
