METRO_HTF_Signal - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

If the trend continues on the selected bar, the indicator will sound an alert through a graphical object in the form of a circular steering wheel, the color of which corresponds to the direction of the trend. If the trend of the selected bar changes, the indicator will signal by displaying a diagonal arrow. Its color and orientation correspond to the direction of trade.

All input parameters can be divided into three major groups:

 //+------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------+
Enter string symbol_= ”” ; // Financial assets
Input ENUM_TIMEFRAMES time range = PERIOD_H6 ; // Calculate indicator time range
Input unit period RSI= 7 ; // indicator period
Enter unit step size fast = 5 ; // fast step
Input unit step size slow = 15 ; // slow step

 //----Indicator display settings
Enter the unit signal column = 0 ; // Number of bars to get the signal from (0 - current bar)
Input stringSymbols_Sirname =INDICATOR_NAME "_label_" ; // Indicator label name
Input color Upsymbol_Color= clear blue ; // Uptrend symbol color
Input color Dnsymbol_Color= clr dark pink ; // Downtrend symbol color
Input color IndName_color = clr dark orchid ; // indicator name color
Input unit symbol_size = 60 ; // signal symbol size
Input unit font size = 10 ; // Indicator name font size
Input integer X_1= 5 ; // Horizontal name offset
Input integer Y_1=- 15 ; // Vertical name offset
Input boolean display name = true ; // indicator name display
Input ENUM_BASE_CORNER what corner = CORNER_RIGHT_UPPER ; // Display corner points
Input unit X_= 0 ; // Horizontal offset
Input unit Y_= 20 ; // vertical offset

 //---- Alarm settings
Enter ENUM_ALERT_MODEalert_mode=OnlySound; // Trigger indication options
Input unit alarm count = 0 ; //Number of alarms generated

If you want to use multiple METRO_HTF_Signal indicators on one chart, each indicator should have its own Symbols_Sirname (indicator label name) string variable value.

This indicator requires the compiled indicator file METRO_Sign.mq5. Place it in <terminal data folder>\MQL5\Indicators\.

Figure 1. METRO_HTF_Signal indicator trend continuation signal

Figure 2. METRO_HTF_Signal indicator trading signal

Attachment download

📎 metro_sign.mq5 (9.04 KB)

📎 metro_htf_signal.mq5 (14.33 KB)

Source: MQL5 #14704