Failed Double Extreme MT5
- Indicatori
-
Ich Khiem Nguyen
AlphaOnChart is now available on Android! If you trade and use an Android phone, do not miss this.
I just launched the Android version to help traders get ready-to-execute daily trade plans, key levels, and real-time M15 chart alerts right on their phones. - Versione: 1.0
- Attivazioni: 10
Liquidity Sweep Reversal MT5
Systematic Structural Liquidity Sweep and Momentum Reversal Engine
The Liquidity Sweep Reversal indicator for MetaTrader 5 provides an objective analytical framework designed to identify high-probability reversal opportunities emerging around key structural extremes. When price action establishes equal highs or equal lows, resting liquidity pools typically cluster just beyond those levels. These boundaries frequently experience brief price spikes that trigger breakout orders and protective stops before price reverses sharply back into the prior range.
This software algorithmically automates the identification of structural boundaries and systematically confirms genuine sweep-and-rejection behavior. By requiring decisive candle closes back within value, the indicator filters out low-volume consolidation and confirms directional momentum shifts strictly upon candle close, ensuring fully non-repainting execution references.
Algorithmic Logic and Trade Validation
The calculation engine operates exclusively on closed bar data. Historical signal markers remain anchored to their respective price bars and do not recalculate, shift, or repaint over time.
Bullish Liquidity Sweep Setup (BUY)
- Liquidity Sweep: Price sweeps below an established structural swing low where sell-side liquidity resides.
- Rejection Trigger: The trigger candle displays a clear lower-wick rejection and closes firmly back above the breached structural boundary.
- Execution Reference: Confirmation is locked strictly at the setup candle close. The opening price of the immediate subsequent bar serves as the operational execution reference.
Bearish Liquidity Sweep Setup (SELL)
- Liquidity Sweep: Price sweeps above an established structural swing high where buy-side liquidity resides.
- Rejection Trigger: The trigger candle displays a clear upper-wick rejection and closes firmly back below the breached structural boundary.
- Execution Reference: Confirmation is locked strictly at the setup candle close. The opening price of the immediate subsequent bar serves as the operational execution reference.
Integrated Risk Architecture and Target Ladder
Rather than providing isolated directional arrows, the indicator projects an end-to-end trade execution structure directly onto the active chart:
- Dynamic Structural Invalidation (Stop Loss): The Stop Loss reference is automatically positioned outside the extreme wick of the sweep candle (below the lowest sweep wick for buys, or above the highest sweep wick for sells), incorporating a configurable volatility buffer to accommodate spread variations and market noise.
- Standardized 4-Tier R-Multiple Targets: Profit objectives are mathematically projected based on the initial calculated risk distance (1R):
- TP1 (0.5R): Initial objective designed for rapid risk mitigation and early partial scaling.
- TP2 (0.8R): Intermediate milestone structured to capture standard initial momentum follow-through.
- TP3 (1.2R): Extended target capturing expanded structural swing continuation.
- TP4 (2.0R): Full expansion runner target positioned to track sustained directional extensions.
- Lifecycle State Tracking: Each projected setup is tracked on-chart with dedicated real-time lifecycle states (Active, TP Hit, SL Hit).
Analytical Modules and Dashboard Capabilities
Multi-Symbol & Multi-Timeframe Scanner Dashboard
- Monitors multiple assets simultaneously across standard timeframes: M15, M30, H1, H4, and D1.
- Active Signal Discovery: Scans and displays active BUY and SELL setups across all monitored symbols from a single workspace.
- Signal Status Tracking: Displays real-time progress of active setups (active, approaching TP, approaching SL).
- Higher Timeframe Confluence: Validates directional alignment between lower-timeframe execution triggers and higher-timeframe trends.
- Market Bias Summary: Provides an integrated directional reading (UP, DOWN, or FLAT) derived from the indicator's trend filter.
- One-Click Chart Navigation: Clicking any dashboard cell immediately switches the active chart to the selected symbol and timeframe.
Whipsaw Mitigation Engine (Signal Brake)
- Suppresses rapid, alternating BUY/SELL flip-flopping within tight consolidation ranges.
- Restricts redundant same-direction signals while a prior setup remains active.
- Enforces a minimum structural R-distance before a new setup in the same direction can trigger.
On-Chart Historical Backtest Panel
- Summarizes historical performance metrics for the currently applied settings directly on the chart:
- Historical hit-rate breakdown across TP1, TP2, TP3, and TP4.
- Sample size display over the configured historical lookback period.
- Highlights the historically optimal target tier for the active configuration.
- Integrated sample-size indicator to assist in judging statistical relevance.
Statistical Notice: Historical distribution figures reflect past price data under specific settings. Past results do not guarantee future performance.
Multi-Channel Alert Architecture
- MetaTrader 5 desktop pop-up notifications.
- Audible sound alerts (.wav).
- Instant push notifications sent to mobile devices via MetaQuotes ID.
Non-Intrusive Graphic Interface
- Three size presets: Small (S), Medium (M), and Large (L).
- One-click minimize and expand toggle.
- Draggable control panel that preserves custom chart coordinates across timeframe changes.
Operational Specifications
- Recommended Assets: Highly liquid symbols including major currency pairs, spot commodities, and major stock indices during active sessions.
- Recommended Timeframes: M15, M30, H1, and H4 provide balanced structural clarity and liquidity definition.
- Broker Environment: Compatible with both Netting and Hedging accounts. Low-spread ECN/Raw trading accounts are recommended to maximize target realization fidelity.
Support and Free Demo
- A free demo version can be evaluated directly in the Strategy Tester and on demo charts through the standard MQL5 Market demo feature.
- For setup questions or technical support, please send a message through the author's MQL5 profile.
