👑 King’s Signal Indicator – Full Guide

📘 What is the King’s Signal Indicator?

King’s Signal is a reversal point detection indicator based on Fractal logic with customizable sensitivity. It identifies potential swing highs and swing lows using surrounding price data, then plots arrow signals for possible trend reversals or entry/exit opportunities.

This tool is useful for:

Swing traders

Reversal strategy users

Support/resistance traders

Or anyone needing clear visual confirmation of price turning points.

🧠 How It Works

The indicator scans price data to find fractals — local highs or lows surrounded by lower or higher bars, respectively. These points often signal a pause or reversal in market direction.

🔺 Upper Fractal (Sell Signal):

Detected when the current high is higher than both FrPeriod bars before and after it.

A red arrow (code 234) is drawn above the bar.

🔻 Lower Fractal (Buy Signal):

Detected when the current low is lower than both FrPeriod bars before and after it.

A yellow arrow (code 233) is drawn below the bar.

The small dy buffer (calculated from recent price volatility) ensures arrows don’t overlap candles and remain visible.

⚙️ Indicator Settings

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extern int FrPeriod = 6;     // Number of bars before/after to validate a fractal

extern int MaxBars  = 500;   // Max number of historical bars to analyze

Setting Descriptions:

FrPeriod: Controls sensitivity. Higher values = fewer but stronger signals.

MaxBars: Limits processing to avoid performance issues.

📍 How to Use the Indicator

🪄 Basic Use:

Attach the indicator to your chart.

Look for red arrows (⬆) → Potential sell points.

Look for yellow arrows (⬇) → Potential buy points.

Combine with trend confirmation tools like:

Moving averages

RSI divergence

Price action (pin bars, engulfing patterns)

💡 Tips for Trading with King's Signal:

Use on H1, H4, or D1 for fewer but stronger signals.

Adjust FrPeriod depending on market volatility (e.g., 3–5 for scalping, 7–10 for swing).

Don’t rely solely on one arrow — use confluence with support/resistance zones.

Avoid using it on very low timeframes in choppy markets.

🔔 Alerts & Notifications

While this version doesn’t include pop-up alerts, sound, or push notifications, you can easily expand it to include such features using Alert(), SendNotification(), or MessageBox() in the start() function where signals are drawn.

Let me know if you'd like help adding that feature.

👑 Slogan for King’s Signal

"King’s Signal – Rule the Market with Reversal Precision."