LPE Market Indicator v1.0

User Manual – Production Release

Release Date: February 1, 2026
Version: 1.0 (Production)
Category: Entry Gate Analysis – Liquidity & Participation
Platform: MetaTrader 5
Developer: GomerAI LLC
Website: https://gomerai.com

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Overview

The LPE (Liquidity & Participation Engine) Market Indicator is a professional-grade entry gate filter that evaluates market conditions before allowing trades. It combines liquidity analysis (spread, volume, ATR) with session quality assessment (time-of-day, movement quality) to determine if market conditions are favorable for trading.

Purpose: Act as a gatekeeper – only allow trades when market conditions meet quality thresholds.

Context-Only Analysis: This indicator provides market quality assessment only and does not generate trade signals.

What is LPE?

LPE analyzes two critical dimensions:

Liquidity Score (0.0-1.0) – Market depth and transaction quality

ATR-based volatility (higher ATR = more liquidity)
Spread quality (tighter spread = better liquidity)
Volume analysis (higher volume = more participation)

Session Quality (0.0-1.0) – Time-of-day and movement quality

Trading session identification (London, NY, Asian)
Session overlap bonuses (London/NY = peak activity)
Price movement quality (trending vs choppy)

Combined Quality Score: Average of both scores, displayed as colored histogram (0-100%).

Key Features

✅ Separate Window Display

Histogram in dedicated window below chart
Never empty – shows quality on every bar
Color-coded: Red (poor), Orange (moderate), Green (good)

✅ Dual-Scoring System

Liquidity Score: Market depth assessment
Session Quality: Time-of-day optimization
Combined Score: Overall market quality

✅ Visual Quality Feedback

Red bars (<30%): Poor conditions – avoid trading
Orange bars (30-70%): Moderate conditions – trade cautiously
Green bars (>70%): Good conditions – favorable for trading

✅ EA Compatible

Works with GomerAI MultiStrat Networked EA
Provides entry gate filter data
AITL integration ready

Installation

Step 1: Copy File

Download LPE_Market_Indicator_v1.0.mq5
Copy to: [MT5 Data Folder]/MQL5/Indicators/GomerAI/LPE/
Create folder if it doesn’t exist

Step 2: Compile

Open MetaEditor (F4)
Navigate to file
Click “Compile” (F7)
Verify: “0 errors”

Step 3: Attach to Chart

Open any chart
Navigator → Indicators → Custom
Drag “LPE_Market_Indicator_v1.0” onto chart
Configure parameters
Click “OK”

Step 4: Verify

Separate window appears below chart
Colored histogram visible
Bars show on every candle
Initialization message in Experts log

Visual Elements

Colored Histogram

Red Bars (<30% quality):

Meaning: Poor market conditions
Characteristics: Wide spreads, low volume, off-session, choppy movement
Action: Avoid trading or reduce position sizes significantly
Example: Asian session, low liquidity periods

Orange Bars (30-70% quality):

Meaning: Moderate market conditions
Characteristics: Average spreads, moderate volume, transitional sessions
Action: Trade cautiously, use tighter stops
Example: Session transitions, pre-news periods

Green Bars (>70% quality):

Meaning: Good market conditions
Characteristics: Tight spreads, high volume, peak sessions, trending movement
Action: Favorable for trading, normal position sizing
Example: London/NY overlap, trending markets

Understanding the Scores

Liquidity Score (0.0-1.0)

Components:

ATR (50% weight): Higher ATR = more liquidity
Spread (30% weight): Tighter spread = better quality
Volume (20% weight): Higher volume = more participation

High Liquidity (0.7-1.0):

Market moving with good range
Spreads tight
Volume above average
Easy to enter/exit positions

Low Liquidity (0.0-0.3):

Market stagnant
Spreads wide
Volume below average
Difficult execution, slippage risk

Session Quality (0.0-1.0)

Session Weights:

Asian Session (00:00-09:00 UTC): 0.3 weight (lower activity)
London Session (08:00-17:00 UTC): 1.0 weight (high activity)
NY Session (13:00-22:00 UTC): 1.0 weight (high activity)
London/NY Overlap (13:00-17:00 UTC): +0.2 bonus (peak activity)
Dead Zone (22:00-00:00 UTC): 0.1 weight (very low activity)

Movement Quality (40% of score):

Body-to-range ratio
Higher ratio = more directional movement (trending)
Lower ratio = more wicks (choppy, ranging)

High Session Quality (0.7-1.0):

Peak trading hours
Directional price movement
Multiple markets active

Low Session Quality (0.0-0.3):

Off-hours trading
Choppy, ranging movement
Single market (or none) active

Input Parameters

Liquidity Analysis Settings

InpATR_Period (Default: 14)

ATR calculation period
Range: 10-20
Higher values: smoother, slower to adapt
Lower values: more reactive, more noise

InpATR_Lookback (Default: 50)

Bars for ATR normalization
Range: 30-100
Determines ATR relative scoring

InpVolume_Period (Default: 20)

Volume moving average period
Range: 10-50
Used for volume quality assessment

InpSpread_MaxPoints (Default: 30.0)

Maximum acceptable spread in points
Instrument-specific (forex typically 2-5, indices 1-10)
Spreads above this = poor liquidity score

Session Quality Settings

InpMovement_Lookback (Default: 10)

Bars for movement quality assessment
Range: 5-20
Recent price action analysis window

Session Weight Inputs:

InpAsian_SessionWeight: 0.3 (default)
InpLondon_SessionWeight: 1.0 (default)
InpNY_SessionWeight: 1.0 (default)
InpOverlap_SessionBonus: 0.2 (default)

Customization: Adjust if your strategy favors specific sessions

Display Options

ShowPanel (Default: true)

Enable/disable info panel (not implemented in v1.0)

Color Settings:

ColorPoor: Red (default) – Poor quality
ColorModerate: Orange (default) – Moderate quality
ColorGood: LimeGreen (default) – Good quality

Best Practices

1. Use as Entry Gate

Before entering trade: Check LPE histogram
Green bars: Normal position sizing
Orange bars: Reduce size by 50%
Red bars: Avoid trading or use micro lots

2. Session Awareness

Best trading: London/NY overlap (13:00-17:00 UTC)
Caution: Asian session, session transitions
Avoid: Dead zone (22:00-00:00 UTC)

3. Combine with Other Indicators

LPE assesses when to trade (market quality)
Use other indicators for what to trade (direction, entry)
Example: LWSWING for structure + LPE for timing

4. Instrument-Specific Calibration

Forex: Default settings work well
Indices: Increase InpSpread_MaxPoints (10-20)
Commodities: Adjust ATR settings for volatility
Crypto: Increase spread and ATR thresholds

5. Backtest Your Thresholds

Track win rate by LPE score ranges
Identify your optimal entry thresholds
Adjust session weights based on results

Troubleshooting

Histogram Always Red

Possible Causes:

InpSpread_MaxPoints too low for instrument
Trading during off-hours
Low volatility period

Solution:

Increase InpSpread_MaxPoints to match typical spreads
Wait for active session
Lower session may be valid – don’t force trades

Histogram Always Green

Possible Causes:

InpSpread_MaxPoints too high
ATR lookback too short
Session weights too generous

Solution:

Adjust InpSpread_MaxPoints to be more restrictive
Increase InpATR_Lookback
Fine-tune session weights

No Visual Output

Check:

Indicator compiled successfully
Attached to correct chart
Sufficient bars on chart (need 60+)
Check Experts log for errors

Error 4014 (Expected)

This is normal.

Indicator attempts AITL connection
MT5 blocks WebRequest in indicators
Indicator runs in offline mode
Data flows through EA when attached

Integration with GomerAI EA

When Used with EA:

EA reads liquidity and session scores
Scores transmitted to AITL
Used as entry gate filter
Trades only executed when LPE conditions met

Buffer Layout (for EA developers):

Buffer 0: QualityVisual (0-100% for display)
Buffer 1: QualityColorIndex (0/1/2 for color)
Buffer 2: LiquidityScore (0.0-1.0) [EA READS]
Buffer 3: SessionQuality (0.0-1.0) [EA READS]

Quick Reference

Quality Score Interpretation

Score	Color	Meaning	Action
0-30%	Red	Poor	Avoid/reduce significantly
30-50%	Orange	Below Average	Caution, reduce size
50-70%	Orange	Above Average	Trade cautiously
70-100%	Green	Good	Normal trading

Session Quick Guide (UTC)

Session	Hours	Quality	Notes
Asian	00:00-09:00	Low	Avoid or scalp only
London	08:00-17:00	High	Active trading
NY	13:00-22:00	High	Active trading
Overlap	13:00-17:00	Peak	Best conditions
Dead Zone	22:00-00:00	Very Low	Avoid

Parameter Quick Adjust

Trading Style	ATR_Period	ATR_Lookback	Spread_MaxPoints
Scalping	10	30	Instrument-specific
Day Trading	14	50	Instrument-specific
Swing Trading	20	100	Higher tolerance

Technical Support

Website: https://gomerai.com/support
GitHub: https://github.com/TMGContracting/GomerAI-EA
Email: support@gomerai.com

When reporting issues, include:

MT5 build number
Indicator version (v1.0)
Symbol and timeframe
Screenshot
Experts log
Parameter settings

Legal Disclaimer

This indicator provides market quality assessment only. It does NOT provide trade signals, entry/exit recommendations, or financial advice. Trading carries risk. Use at your own risk. Past performance is not indicative of future results. See full disclaimer in indicator source code.

Version History

v1.0 (2026-02-01) – PRODUCTION RELEASE

Production-ready release
Liquidity + Session scoring
Colored histogram display
EA v0.09 compatible
User manual created

v0.01 (2026-01-14)

Initial development build

LPE Market Indicator v1.0 – Production Release
Release Date: February 1, 2026
https://gomerai.com