Public MQL5 CodeBase indicator

Multi-Symbol Wick Rejection Scanner for MT5

A MetaTrader 5 dashboard that scans multiple symbols and timeframes for wick-based rejection candles and presents the latest detected conditions in one place.

The engineering problem

Why this tool exists

Manually checking the same candle condition across many charts is repetitive and makes signal age and consistency hard to compare. The dashboard consolidates that scan into a single chart tool.

Published capabilities

Multi-symbol and multi-timeframe scanning
Wick-based rejection-candle detection
Strength scoring and signal-age display
Optional chart markers
Configurable alerts

Engineering evidence

Repeated rule evaluation across a configurable symbol/timeframe matrix
Compact dashboard state for many concurrent observations
Separation between detection, presentation and alert behaviour

What this case study does not claim

A detected candle condition is not a profitability or trade recommendation claim.
Broker feeds and incomplete candles can produce different observations; acceptance criteria must define timing.

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Review scope and boundaries

Trading risk disclosure

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical performance disclosure

Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical results are generally prepared with the benefit of hindsight, do not involve financial risk, and cannot completely account for the impact of financial risk in actual trading. Market conditions, the ability to withstand losses, and adherence to a trading program can all materially affect actual results.

NinjaTrader trademark disclosure

NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.