Skip to content
All library documents

Using Delivery Candle Levels to Confirm a Change in Market Direction

Article MQL5 code base
Read the original

Summary

This short description outlines a chart-based Change in State of Delivery (CISD) indicator. It tracks consecutive delivery candles and derives reference levels from their opening prices. A directional change is confirmed when price reclaims a relevant level and closes beyond it. The indicator can extend pending levels forward, then mark confirmed levels with lines, labels, and directional arrows intended to indicate possible entries.

The described tool also marks liquidity sweeps, where price extends beyond swing highs or lows and then rejects, and market-structure shifts through swing breaks. It colors candles according to a bullish or bearish state. These features provide visual context for interpreting price action, but the description gives no exact rules for defining delivery candles, swing points, sweeps, or confirmation, and it presents no backtest or performance evidence. The plotted signals therefore describe a technical-analysis framework rather than a demonstrated trading edge; users would need explicit definitions and independent testing before relying on them.

Key ideas

  • The indicator derives reference levels from consecutive delivery candle opens.
  • It confirms a directional change when price reclaims and closes beyond a reference level.
  • It marks liquidity sweeps and swing-structure breaks as additional chart context.
  • Lines, labels, arrows, and candle colors visualize pending and confirmed signal states.
  • The description does not define all detection rules or provide performance testing.

Tags

Technical indicatorsMarket microstructureRisk management

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.