MT5 EA – Dynamic Projection Line Overlay (H1)

指定

MT5 EA – Dynamic Projection Line Overlay (H1)

Platform: MetaTrader 5
Type: Visual forecasting EA (no signals or trading logic)


🧠 Objective:

This EA provides a visual projection overlay that estimates how far each H1 candle might extend based on direction and volatility (Open ± ATR × Multiplier). It is for manual chart analysis only and is not used for signals or trading automation.


📐 Projection Logic:

At the start of each H1 candle, draw a projection line:

  • Bullish candle (Open < Close):
    Open + ATR × Multiplier → Yellow line (above open)

  • Bearish candle (Open > Close):
    Open – ATR × Multiplier → Orange line (below open)

  • ATR timeframe: Use from current chart (H1)

  • ATR period: Fixed or user-configurable (e.g. 14)

  • Multiplier: User-configurable (e.g. 1.35)


🔁 Real-Time Update & Freeze Behavior:

  • The projection line must update live if new highs/lows form during the current candle.

  • When the H1 candle closes, the line must freeze permanently at its final level.

  • Frozen lines must persist after EA reload and not repaint.


📊 Visual Rules:

  • Show only the 10 most recent frozen lines on screen to avoid clutter.

  • Frozen lines must:

    • Stay visible after H1 close

    • Not move or repaint

    • Be color-coded clearly:

      • Yellow for bullish projection

      • Orange for bearish projection


🎯 Accuracy Goals:

  • Final line should typically land within 1–2 points of the actual wick top or bottom.

  • Must perform reliably even during fast spikes (100–400+ pips).

  • No premature shifting or unstable line movements allowed.


❌ Not Required:

  • No buy/sell logic

  • No buttons

  • No alerts

  • No indicators (except ATR)


💡 Purpose:

This is a pure forecasting aid to help estimate high/low extensions on H1 candles — useful for sniper reversal trades or volatility tracking.



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