PriceActionZones — MT5 Indicator

A pure price action indicator for MetaTrader 5 that identifies high-probability trading zones, market structure, and entry signals across multiple timeframes. No lagging indicators — only raw price data.

What This Indicator Does

PriceActionZones performs top-down multi-timeframe analysis from Daily down to M15, automatically identifying:

Market Structure

• Swing highs and lows with labels (HH, HL, LH, LL) on all timeframes
• Trend direction derived from swing point sequences — not moving averages
• Break of Structure (BOS) and Change of Character (CHoCH) on M15 for precise entry confirmation

Supply and Demand Zones

• Automatically detects valid demand zones (buy areas) and supply zones (sell areas) on D1, H4, and H1
• Each zone is scored 0-10 based on departure strength, freshness, whether it caused a BOS, base candle count, and higher-timeframe confluence
• Only zones scoring above your threshold are displayed — no clutter
• Zone refinement: H1 zones are automatically refined using M15 data for tighter entries
• Zones are tracked as they age: fresh zones are highlighted, mitigated zones fade to muted colors

Candlestick Patterns

• Detects key reversal patterns: engulfing, pin bar (hammer/shooting star), morning/evening star
• Continuation patterns: inside bar, three white soldiers / three black crows
• Context patterns: doji at key levels, tweezer tops/bottoms
• Patterns are only displayed when they occur at a key level (zone, trendline, or structure level) — not random noise in the middle of a range

Liquidity Analysis

• Identifies equal highs and equal lows — these are liquidity pools where stop losses cluster
• Detects liquidity sweeps — when price spikes beyond a key level and reverses, signaling that stops were hunted before the real move

Trendlines

• Auto-drawn by connecting swing points (higher lows for uptrend, lower highs for downtrend)
• Tracks breaks and retests — when a trendline breaks and price returns to test the other side, the indicator flags it
• Steep trendlines (>80 degrees) are marked as unreliable

Key Levels

• Horizontal levels where price has reacted 3 or more times across multiple timeframes
• Psychological round numbers are automatically detected
• These serve as TP targets and confluence points

Entry Signals

The indicator only marks an entry when all conditions align:

1. D1 trend bias is clear (bullish or bearish)
2. Price is at an H4/H1 supply or demand zone aligned with the bias
3. A liquidity sweep has occurred (stops were grabbed)
4. M15 shows a BOS in the trade direction
5. A candlestick pattern confirms at the key level
6. A confirmation candle closes beyond the signal candle
7. Risk-to-reward meets your minimum threshold (default 1:2)

Entry types include zone taps, breakout and retest, double tops, and double bottoms.

Trade Management

• SL placed behind the trigger zone with a spread buffer
• TP targets the next opposing zone or key level
• Breakeven: SL moves to entry price when 1:1 R:R is reached
• Trailing SL: automatically trails to each new swing point as price moves in your favor

Dashboard

An on-chart panel displays:

• Current D1, H4, and H1 bias
• Number of active zones
• Last BOS and CHoCH events
• Current trade status and R:R

Color Guide

Settings

All parameters are configurable from the indicator settings panel:

Swing Points — Lookback period per timeframe (D1, H4, H1, M15). Higher = fewer but more significant swings.

Zones — Max active zones per timeframe (default 5), minimum quality score (default 5/10), fade timing, mitigated zone visibility duration.

Entry Signals — Minimum reward-to-risk ratio (default 1:2, set to 0 to disable filtering).

Alerts — Toggle push notifications, sound alerts, and visual markers independently.

Timeframe Display — Toggle D1, H4, H1 zones and M15 BOS/CHoCH on or off.

Dashboard — Toggle the info panel and choose which corner it appears in.

Installation

1. Copy PriceActionZones.mq5 and the Include/PAZ/ folder into your MetaTrader 5 data directory
2. Open MetaEditor, navigate to the file, and compile (F7)
3. Attach the indicator to any chart
4. Configure your preferred settings

See the Compilation Guide section below for detailed setup.

Compilation Guide

Option 1: Compile from MetaEditor (Recommended)

1. Open MetaTrader 5
2. Press F4 to open MetaEditor
3. In MetaEditor, go to File > Open and navigate to PriceActionZones.mq5
4. Press F7 (or click the Compile button) to compile
5. If successful, you'll see "0 errors, 0 warnings" in the output panel
6. Switch back to MetaTrader 5 — the indicator appears under Insert > Indicators > Custom

Option 2: Compile from MetaEditor Command Line

MetaEditor64.exe /compile:"C:\path\to\PriceActionZones.mq5" /log

Check the MetaEditor log file for results.

File Placement

For MetaEditor to resolve the Include/PAZ/ directory correctly, place the files so that the structure looks like this inside your MT5 data folder:

MQL5/
  Indicators/
    PriceActionZones.mq5
    Include/
      PAZ/
        Constants.mqh
        Structures.mqh
        Inputs.mqh
        MTFData.mqh
        SwingPoints.mqh
        MarketStructure.mqh
        ZoneBuilder.mqh
        CandlePatterns.mqh
        Liquidity.mqh
        Trendlines.mqh
        KeyLevels.mqh
        EntrySignals.mqh
        TradeManagement.mqh
        Drawing.mqh
        Dashboard.mqh

To find your MT5 data folder: in MetaTrader 5, go to File > Open Data Folder.

Recommended Usage

• Attach to H1 chart as your primary working timeframe
• The indicator reads D1, H4, H1, and M15 data automatically regardless of which chart you're viewing
• Switch to M15 to see BOS/CHoCH confirmation details
• Wait for the full checklist to pass before entering — the indicator does the discipline for you
• Use the dashboard to stay aware of the higher-timeframe bias at all times

Disclaimer

This indicator is a tool for analysis, not a trading system guarantee. Always apply your own judgment, manage your risk, and never risk more than you can afford to lose. Past price patterns do not guarantee future results.

License

MIT