MTF Reversal Candle Strongest Line Alert is a visual decision-support indicator that combines multi-timeframe supply and demand zones, strongest support/resistance lines, and reversal candlestick reactions on the execution chart.
The indicator is designed to help traders watch for rejection candles near important higher-timeframe levels. It can detect one-candle reversals, doji reversals, two-candle reversals, three-candle reversals, and one candle engulfing two or three prior candles. When a valid rejection pattern appears at a selected strongest line, the indicator can draw an arrow, show an optional label, and send an alert.
Important trading warning
Trading signals are not guaranteed. Price action is random and can become very noisy, especially on lower timeframes such as M5. No indicator can predict future price movement or guarantee profitable trades.
This tool is built to increase the odds by combining:
- Higher-timeframe supply and demand zones
- Strongest support and resistance lines inside those zones
- Candlestick rejection behavior
- Optional confirmation and filtering rules
- Proper risk-to-reward planning
For better quality signals, use this indicator together with other trend-bias or market-structure strategies. It should not be used as a standalone automatic buy/sell system.
Recommended timeframe combinations
- H1 execution chart with D1 zones and strongest lines
- H4 execution chart with W1 zones and strongest lines
- M5 execution chart with H4 zones and strongest lines is supported, but it is noisier and should be used with extra confirmation
Main features
- Auto multi-timeframe mode: M5-H4, H1-D1, H4-W1
- Manual higher-timeframe zone selection
- Supply and demand zones based on higher-timeframe pivots
- Strongest support and resistance line inside each zone
- Reversal candle signals at the strongest line
- One-candle, doji, two-candle, three-candle, and multi-engulfing pattern detection
- Optional next-candle confirmation
- Minimum rejection wick filter
- Close-away-from-line filter
- Approach direction filter
- Trend/structure approach filter
- Repeated signal control at the same line
- Optional rule to stop reversal signals after the line is broken by close
- Popup, push, email, and sound alerts
- Customizable colors, widths, labels, zones, and signal settings
How to use
1. Attach the indicator to the execution chart.
2. Use Auto timeframe mode for the intended combinations: M5-H4, H1-D1, or H4-W1.
3. Watch for reversal signals when price touches or rejects the strongest higher-timeframe line.
4. Confirm the signal with your own trend-bias, market structure, session, risk-to-reward, and risk management rules.
5. Test settings on a demo account before using in live trading.
v1.01
Initial MQL5 release of MTF Reversal Candle Strongest Line Alert.
Includes:
- Multi-timeframe supply and demand zones
- Strongest support and resistance line inside each zone
- Reversal candlestick pattern detection at strongest lines
- One-candle, doji, two-candle, three-candle, and multi-engulfing reversal patterns
- Auto timeframe combinations: M5-H4, H1-D1, H4-W1
- Alerts for confirmed reversal signals
- Rejection wick, close-away, approach, structure, and repeated-signal filters
- Optional next-candle confirmation
- Optional rule to stop reversal signals after the strongest line is broken by close
- Zone refresh handling and label overlap reduction
Trading warning:
Signals are not guaranteed. Price action is random, especially on lower timeframes. Use this tool with trend-bias strategies, market structure, proper risk-to-reward, and risk management.
This indicator does not open, manage, or close trades. It is an analysis and alert tool only.
