Phoenix Candle Structure
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Nigel Nii Darku Narnor Darko
At Phoenix Trading, we engineer high-precision MQL5 Expert Advisors to turn volatility into opportunity. Our EAs combine ultra-fast execution with data-driven risk management to eliminate bias and maximise efficiency. We provide institutional-grade automation for forex, gold, and indices to retail - Version: 2.1
Phoenix Vision v2.1: Professional Description
Phoenix Vision is a high-performance Heads-Up Display (HUD) and Algorithmic Pattern Scanner for MetaTrader 5. It is engineered to condense complex price action into a single, draggable command centre, providing traders with an "X-ray" view of market sentiment.
Key User Benefits
Draggable Intelligence: The HUD can be moved anywhere, ensuring your main price action area remains clear while keeping vital data in sight.
Automated Pattern Detection: Scans for high-probability reversals (Morning Star, Shooting Star, Bull/Bear Engulfing) instantly. It removes the human error of missing a setup during fast-moving markets.
Precision HUD Analytics: Displays live Tick Volume, ATR-adjusted Pip Range, and EMA Trend Alignment in a high-contrast format.
Visual 50% Equilibrium: The Midpoint Line highlights the "fair value" of the previous candle, helping you distinguish between a healthy pullback and a total trend reversal.
3. Execution: Buy, Sell, and Close Strategy
The indicator is designed to assist your execution flow by removing manual calculations:
Buying (Long Execution)
Setup: The HUD flags a "Morning Star" or "Bull Engulf!".
Filter: Ensure Trend is BULLISH and price is above the Midpoint 50%.
Action: Click Bull Dash.
Result: The indicator projects a Green TP Line (2x range) and a Red SL Line (below the 10-bar structural support).
Selling (Short Execution)
Setup: The HUD flags a "Shooting Star" or "Bear Engulf!".
Filter: Ensure Trend is BEARISH and price is below the Midpoint 50%.
Action: Click Bear Dash.
Result: The indicator projects a Red TP Line (2x range) and a Red SL Line (above the 10-bar structural resistance).
Closing (Trade Management)
Take Profit: When price hits the PHX_TP line, the label reminds you it is the "2.0x Volatility Target."
Invalidation: If a trade is open and the HUD "Strength" shifts to a "REJECTION" against your position, it is a signal to Close manually.
Cleanup: Use the micro Clear button to wipe all projected lines once the trade is finished, keeping your chart professional and ready for the next setup.
