Filter Trend Candle Size Projection
- Indicatori
- Versione: 1.14
- Attivazioni: 20
Filter Trend Candle Size Projection MT5
The Filter Trend Candle Size Projection indicator is an advanced technical analysis tool built for MetaTrader 5, designed for traders who seek high-probability trend continuation, precise pullback entries, and multi-timeframe market structure clarity.
By analyzing historical weekly volatility patterns, calculating dynamic Open Average momentum levels, and overlaying real-time Multi-Timeframe (MTF) candle structures directly on your main chart, this indicator transforms raw price action into actionable, quantitative trading levels.
Key Benefits
- No Repainting Guarantee: Main signal arrows and reentry projection dots lock into position at candle close and will never repaint or shift post-bar completion.
- All-in-One Chart Clarity: View higher timeframe structures (e.g., H4 and H1) directly over your current execution timeframe (e.g., M15 or M5) without changing tabs or opening extra chart windows.
- Statistical Volatility Projections: Dynamically projects high-probability weekly rejection and median levels based on historical sample size.
- Clean Chart Technology: Smart Chart Shift positioning keeps all MTF candle drawings locked neatly to the left of the active bar gap, maintaining full chart autoscroll usability.
- Instant Mobile Alerts: Receive push notifications directly on your MetaTrader 5 mobile app for iOS and Android as soon as a confirmed setup triggers.
Core Features & Mechanics
1. Statistical Rejection & Median Projections
The indicator analyzes up to a user-defined number of historical weekly samples (InpWeeksCount) to measure the average displacement of High and Low prices relative to the bar Open. From this data, four dynamic projection lines are rendered:
- Median High (100%): The statistical upper volatility limit.
- Bear High Rejection: The average upper wick projection during bearish weekly conditions—ideal for identifying premium short entries during downtrends.
- Bull Low Rejection: The average lower wick projection during bullish weekly conditions—ideal for identifying discount long entries during uptrends.
- Median Low (0%): The statistical lower volatility limit.
2. Dual Open Average Momentum Lines (P5 & P7)
Rather than using standard moving averages based on Close prices, this indicator utilizes customizable Open Price Averages (default periods 5 and 7). Because Open prices do not fluctuate once a candle forms, these lines provide a stable, early reference point for shifts in price momentum and trend direction.
3. Non-Repainting Execution Signals
- Main Breakout Signals (Arrows): Generated when a candle closes across the short Open Average Line (Open Avg 1) and confirms momentum reversal. Buy Arrow: Displayed when a candle closes above Open Avg 1 after opening below or bouncing off support.
- Buy Arrow: Displayed when a candle closes above Open Avg 1 after opening below or bouncing off support
- Sell Arrow: Displayed when a candle closes below Open Avg 1 after opening above or failing at resistace.
- Reentry Projection Signals (Dots):
- Displays a Blue Dot at the projected Bull Low Rejection level during active bullish trend confirmation.
- Displays a Red Dot at the projected Bear High Rejection level during active bearish trend confirmation.
Visualize up to two distinct higher timeframes simultaneously on your current chart screen:
- MTF 1 (e.g., H4): Renders high-level candle wicks, body outline, filled/unfilled status, and timeframe labels.
- MTF 2 (e.g., H1): Nested inside the time bounds of MTF 1 to give a clear breakdown of sub-structure.
- Flicker-Free Rendering: Custom graphical routines rebuild and shift objects cleanly without causing chart stutter or UI lagging.
Indicator Input Parameters
InpLineDisplay: Rejection line display options (DISPLAY_ALL for All Lines, DISPLAY_MEDIAN_ONLY, DISPLAY_REJECT_ONLY, or DISPLAY_HIDE_ALL).
InpWeeksCount: Number of historical weekly samples used for rejection math (default: 10).
InpAvgPeriod1: Period for the primary Open Average line (default: 5).
InpAvgPeriod2: Period for the secondary Open Average line (default: 7).
InpEnableNotification: Enable/Disable push notifications sent to your mobile phone (default: true).
InpMTF1Display: Show or hide the primary MTF Candle overlay (MTF_SHOW or MTF_HIDE).
InpMTF1Timeframe: Primary MTF timeframe (default: PERIOD_H4).
InpMTF1BullColor / BearColor / DojiColor: Color settings for MTF 1 candles.
InpMTF1Fill / Width / FontSize: Body fill boolean, line thickness, and label font size for MTF 1.
InpMTF2Display: Show or hide the secondary MTF Candle overlay (MTF_SHOW or MTF_HIDE).
InpMTF2Timeframe: Secondary MTF timeframe (default: PERIOD_H1).
InpMTF2BullColor / BearColor / DojiColor: Color settings for MTF 2 candles.
InpMTF2Fill / Width / FontSize: Body fill boolean, line thickness, and label font size for MTF 2..
How to Trade with Filter Trend Candle Size Projection
Strategy 1: Trend Breakout Entry
- Wait for a Lime Buy Arrow or Red Sell Arrow to appear.
- Confirm that the current MTF 1 (e.g., H4) candle body aligns with the signal direction.
- Open a market order upon candle close of the signal bar.
- Set Stop Loss beyond the nearest high/low projection line or recent swing point.
Strategy 2: High-Probability Pullback / Reentry
- Identify an active trend where price has already generated a main breakout signal.
- Look for the Reentry Projection Dots:
- During a Bullish trend, place a Limit Buy order at or near the Blue Dot (Bull Low Rejection).
- During a Bearish trend, place a Limit Sell order at or near the Red Dot (Bear High Rejection).
- Target profit at the opposite Median Projection level (Median High for Buys, Median Low for Sells).
Recommended Settings & Compatibility
- Trading Instruments: Compatible with Forex pairs, Gold (XAUUSD), Indices, Commodities, and Crypto.
- Chart Timeframes: Works on all timeframes (M1 through D1). Recommended setup: Execute trades on M5/M15 while utilizing H1 and H4 MTF Overlays.
- Platform: MetaTrader 5 (MT5).
