MT5 Indicator Engulfing, Break of Structure, Moving Average and Alerts

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MT5 Indicator Engulfing Candle/Zones, Break of Structure, 

Moving Average and Alerts


Create an MT5 indicator using Engulfing Candle/Zones 

Features

1. Auto Mark Engulfing Candle/Zones - EG , EF and Multi-Time Frame EG, EF

2. Auto Mark Break of Structure (BOS)

3. Draw an Arrow if Engulfing Zones is Touched

4. Auto Mark Higher Time Frame Engulfing Candle/Zones

   - Choose 2 Time Frame For Example H1 and M15

5. Alert / Mobile Notification if theres BOS, Engulfing Zone Created

   Engulfing Zone is Touched

6. Invalidate Engulfing Zone by

   - Price

   - Close

7. Turn on/off Engulfing Zones, BOS to clean chart

8. Trend Filter Using Moving Average 


Will Send Source Code For Future Updates, Revision

Plus other specifications that will be encountered to be discussed with coder


See Illustrations Below For Engulfing Zones, Break of Structure, etc


Engulfing Candle/ Zone Illustration

Type 1 Simple Engulfing Candle/Zone - EG (Abbreviation)

Bullish EG

______

Type 2 Engulfing Candle/Zone - EG (Abbreviation)

- Candle is engulf by 2 or more candles


__________

__________

__________


__________

Trend Filter Application

Chart Toggle on Dashboard

   -Trend Filter On/Off

   -Bullish Only On/Off

   -Bearish Only On/Off






********* To be Updated.. Too Sleepy....


Updated July 17, 2023


Type 3 Engulfing

EF (Engulfing Failed) - is Normal EG that is Failed because Price Close Above/ Below the Zone

EG Will be Marked - Green

Please See Sample Pictures

1.


2. EG Touch - Signal Arrow



3. Candle Closed Above EG


4. Signal Arrow on EF Touch

*********************************************************************************************

Multi- Time Frame EG Marking

For Example we choose H1 and M15

It will Mark the H1 EG and M15 EG on the Current Chart 

For Example the current chart is M15, it will mark the H1 EG with a Square line which is inside is the M15 EG

Please see Picture..



That would be all.. any issues that will be encountered will be discussed with the coder...









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