Crash Peak Trading Pattern - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This MT5 indicator detects crashing market spike patterns using a specific 3 candle pattern :

Red-green-red candle pattern (where red candles are strong peaks and green candles are intermediate retracements).

When it finds the pattern, it draws a box around the highs/lows of those 3 candles.

It also draws a horizontal input line at the opening price of the middle candle .

This line remains active until price returns to this level (relief).

Once the entry price is hit (with relief) , the input line is replaced with a shorter fixed line from the pattern to the relief candle.

It works on both historical and real-time candles .

Visually helps identify potential return zone trading opportunities .

 //====Input parameters====
input color box color = red cells ; input color line color = clr dodgeblue ; input integer box width = 2 ; input integer line width = 1 ; input ENUM_LINE_STYLE box style = style_entity ; input ENUM_LINE_STYLE line style = style_entity

This indicator detects a specific bearish spike forming over 3 candles:

Bearish (red candle).

The body must be greater than 70% of the total candle range (i.e. strong peak).

Candle 2 (medium) :

Bullish (green candle).

Can be any size; just needs to be positive.

Same conditions as Candle 1: Body > 70% of full scale.

When this pattern is discovered:

It identifies a "supply zone" created by aggressive selling.

A box is drawn around the high and low of 3 candles.

An entry line is drawn at the opening price of the middle (green) candle in anticipation of price return.

The tool is based on the Smart Currency Concept (SMC) – specifically the idea of ​​mitigating zones and supply and demand imbalances .

After a strong bearish impulse , price often retraces back to the origin of the move (middle candle).

This indicator visually marks the area as a "mitigation zone."

Once price returns to this area (the entry line), it is considered "relieving" and traders may look for a re-entry or reaction.

It removes input lines after mitigation to keep the chart clean and optionally draws shorter lines to show mitigation .

Look for return box deals.

Can be used to sell setups in crashing markets (or invert booms).

Works well in integration with other indicators (such as EMA, OBV or order block confirmation).

Attachment download

📎 candels3.mq5 (18.98 KB)

Source: MQL5 #61729