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Platform: MT5 (MQL5)
OVERVIEW: I need a custom MT5 indicator that generates only high-probability A+ buy and sell signals. The indicator should combine market structure, support/resistance, liquidity sweeps, candlestick confirmations, session filtering, and Fibonacci retracement logic.
FEATURES REQUIRED:
- SUPPORT & RESISTANCE
- Automatically detect and draw support and resistance levels.
- Levels should update dynamically.
- Draw lines clearly on chart.
- BREAKOUT CONFIRMATION BUY:
- Candle closes above resistance.
- Breakout candle must be confirmed by candle close.
SELL:
- Candle closes below support.
- Breakdown candle must be confirmed by candle close.
- LIQUIDITY SWEEP DETECTION BUY:
- Price sweeps below support and closes back above support.
SELL:
- Price sweeps above resistance and closes back below resistance.
Liquidity sweep buffer should be ATR-based and adjustable.
- CANDLE CONFIRMATIONS Accepted bullish confirmations:
- Bullish engulfing
- Bullish pin bar
- Strong momentum candle
Accepted bearish confirmations:
- Bearish engulfing
- Bearish pin bar
- Strong momentum candle
Signal should only appear after candle close.
- MARKET STRUCTURE FILTER Trading timeframe: M5
Higher timeframe confirmation: H1
BUY:
- H1 bullish structure
- M5 bullish structure
SELL:
- H1 bearish structure
- M5 bearish structure
- SESSION FILTER Only allow signals during:
- London Session
- New York Session
No signals during Asian Session.
Session times must be user-adjustable.
- AUTO FIBONACCI MODULE Automatically draw Fibonacci retracement from latest valid swing.
Monitor:
- 50%
- 61.8%
- 70.5%
- 78.6%
Do NOT use 38.2%.
Generate signals when:
- Price retraces into Fib zone
- Market structure aligns
- Candle confirmation occurs
- ALERTS Provide:
- Popup alert
- Push notification to MT5 mobile
- Email alert (optional)
Alert message example: "ChanceFX A+ BUY - XAUUSD M5" "ChanceFX A+ SELL - XAUUSD M5"
- CHART DISPLAY Display:
- Support/Resistance levels
- Fib levels
- Buy/Sell arrows
Small dashboard showing:
- H1 Trend
- M5 Trend
- Session Status
- Last Signal
- SIGNAL QUALITY Indicator should prioritize quality over quantity. Only A+ setups should be generated. Avoid excessive signals.
DELIVERABLES
- Full MQ5 source code
- Compiled EX5 file
- Installation instructions
- Ability to modify settings from inputs
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