Project: MT5 Custom Kagi Chart Indicator with Pullback Continuation Alerts

I need a professional MT5 custom indicator that builds and displays a full Kagi chart, along with continuation-based alert signals.

Part 1: Kagi Chart Construction

The indicator must:

• Construct a proper Kagi chart structure

• Support:

  • Reversal by fixed price

  • Reversal by percentage

• Maintain correct:

  • Yang (bullish thick line)

  • Yin (bearish thin line)

  • Shoulder (local high)

  • Waist (local low)

• Draw:

  • Yang lines (thick, bullish)

  • Yin lines (thin, bearish)

  • Bend points (top/bottom)

• Allow overlay on price chart

Part 2: Continuation Signal Logic (Very Important)

Signals must be based on Kagi structure, not standard price swings

BUY (Yang Continuation)

1. Kagi is in Yang (bullish) phase

2. A pullback occurs (price retraces but does NOT break previous waist)

3. After pullback, give BUY signal only when:
   → Price breaks above previous Yang high (shoulder) + buffer

SELL (Yin Continuation)

1. Kagi is in Yin (bearish) phase

2. A pullback occurs (price retraces but does NOT break previous shoulder)

3. After pullback, give SELL signal only when:
   → Price breaks below previous Yin low (waist) − buffer

Part 3: Chart Display

• Draw Kagi lines (Yang/Yin)

• Highlight:

  • Current Yang high (buy level)

  • Current Yin low (sell level)

• Show:

  • BUY arrows on breakout

  • SELL arrows on breakout

Part 4: Inputs Required

• Kagi timeframe

• Reversal type (price / percentage)

• Reversal value

• Break buffer (points)

• Wick or close break option

• Enable/disable alerts

• Show/hide Kagi lines

• Colors for Yang/Yin

Part 5: Alerts

• MT5 popup alert

• Optional mobile push notification

Important Rules

• No signal on first impulse

• Signal only after pullback + breakout

• Only one signal per setup

• Logic must strictly follow Kagi structure (Yang/Yin)

Objective

This is a precision trading tool, not a generic indicator.
Accuracy of Kagi structure and signal logic is more important than speed.

Automation/EA may be developed later after validation.