MT4 Custom Indicator — Consolidation Structure + Breakout Alerts (Push Notification)
UpworkSGNot specifiedintermediateScore: 27
Forex TradingMetaTrader 4MQL 4Algorithm DevelopmentBot Development
Description:
I need a custom MT4 indicator with the following specifications:
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Functionality Requirements
1. Structure Detection (Consolidation)
o Detect consolidation structures based on:
• Overlapping candle bodies
• Tight range criteria
• Volatility contraction vs previous movement
o Configurable parameters:
• Lookback candle count
• Range threshold (points or ATR multiplier)
• ATR filter ON/OFF
2. Breakout Logic
o Alert only when candle CLOSE breaks above or below the structure range
o No repainting
o Support for “break on close” or “break on wick” toggle
3. Visual Display
o Draw simple structure box on chart:
• Box from highest high to lowest low of structure
• Basic breakout level line when breakout triggers
4. Notification Alerts
o Alerts on breakout only:
• MT4 Popup
• Sound
• Push Notification to MT4 mobile
5. Deliverables
o .mq4 source code
o .ex4 compiled file
o Brief documentation of inputs
Important Notes
• This is not an auto-trading EA — only alerts.
• I trade manually and rely on alert triggers.
• Indicator must work cleanly on M1 and M5.
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