Engulfing Zone Sniper MT5

Engulfing Zone Sniper MT5

 Engulfing Zone Sniper MT5 — Multi-Timeframe Signal & Zone Indicator

The Engulfing Zone Sniper MT5 is a technical analysis tool designed to highlight engulfing candlestick patterns in combination with adaptive support/resistance zones. It provides visual markers and optional alerts to assist traders in identifying market structure reactions across multiple timeframes.

 Key Features

• Multi-Timeframe Detection – Option to scan higher timeframe engulfing setups with lower timeframe confirmation.

• Support & Resistance Zones – Automatically plots zones derived from pivot structures and recent market swings.

• Signal Display – Shows arrows and price markers when engulfing conditions are detected.

• Alert System – Push, email, and sound alerts on engulfing events with optional zone confirmation.

• Lightweight & Optimized – Non-repainting logic with fast performance for MT5.

 Possible Use Cases

• Monitoring engulfing setups with zone confirmation.

• Tracking retests or breaks of marked zones.

• Using as an additional filter alongside other trading systems.

• Studying candlestick structure in a multi-timeframe context.

 Input Parameters

• TimeframeHTF – Higher timeframe for engulfing detection.

• TimeframeLTF – Lower timeframe for confirmation.

• ShowSupportResistanceZones – Toggle zone visualization.

• ZoneLength – Number of candles used for pivots.

• SignalConfirmation – Enable dual-timeframe logic.

• ArrowOffset – Adjusts placement of buy/sell arrows.

• EnableAlerts – Turn alerts on/off.

• AlertOnEngulfingOnly – Restrict alerts to engulfing patterns.

• RiskLabeling – Optional color coding for conservative/aggressive signals.

 Notes

• Can be applied to any symbol or timeframe.

• Optimized for Forex but usable on indices, gold, and crypto.

• Designed as a visual and signal-based tool for candlestick and market structure analysis.