Spezifikation
I want 1-2-3 wave structure indicator mt5 and its source code. Indicator has not any lock and pass code to open, wherever I can use it in my different mt5 system
This is like SMC structure its create 1-2-3 wave, wave 1 for impulse move, 2 for correction (retracement wave), 3 for impulse. When price break 2 retracement low/high with candlestick close then create BOS (wick don't matter) candlestick close important. And retracement rules--
This indicator based on 2 consecutive candlestick retracement patterns. 2 consecutive candlesticks mean -- when price creates 2 consecutive candlesticks opposite 1 wave then start retracement, and price creates low/ high points confirm it-- its mean retracement start
Example for down trend --
When price drop with consecutive sell candle and creates bullish two consecutive candle which show against the wave then we consider retracement start...When price create single candlestick against the wave 1 its single candle retracement but we follow 2 consecutive candlestick retracements. 2nd candlestick must close above/ below one candlestick ( in pics see clear examples)
Add dashboard for Timeframes arrow with color when price complete BOS , Dashboard arrow show us where break of structure is done And show order block ( supply demand zone)
I explained more clear in pics ...plz watch this attached pics
Add Indicator input parameters control settings
Likes -
1.Supply&Demand zone- true/false
2. Supply&Demand zone color- true/false
3. Show BOS lines - true / false
4. Change color settings of high / low line
5. Add line settings- dot, dash, etc.
6. Add dashboard chart corner location
I try to explain everything in pics