ForexOFFTrend_HTF_Signal – indicator MetaTrader 5

The ForexOFFTrend_HTF_Signal indicator shows a trend direction or a signal generated by the ForexOFFTrendSign indicator at the chosen bar as a graphical object with colored trend indication or deal direction. It also triggers alerts and plays audio signals.

If the trend continues at the selected bar, the indicator displays a right arrow. Its color corresponds to the trend direction. If the trend has changed at the selected bar, the indicator displays a diagonal arrow. Its color and direction correspond to the deal direction.

All input parameters can be divided into three large groups:

1. The ForexOFFTrendSign input parameters:
   

   input string Symbol_="";                               // Financial asset
   input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // Indicator timeframe for calculation
   input uint    SSP = 7;                                 // Period of finding extreme points
   input uint   KPer = 7;                                 // Period of signal envelop shift
   input double Kmax = 50.6;
   

2. The ForexOFFTrend_HTF_Signal indicator input parameters required for the indicator visualization:
   

   //---- indicator display settings
   input uint SignalBar=0;                                // Bar number for getting a signal (0 - current bar)
   input string Symbols_Sirname=INDICATOR_NAME"_Label_";  // Indicator labels names
   input color Upsymbol_Color=clrLimeGreen;               // Uptrend symbol color
   input color Dnsymbol_Color=clrDeepPink;                // Downtrend symbol color
   input color IndName_Color=clrDarkOrchid;               // Indicator name color
   input uint Symbols_Size=60;                            // Signal symbols size
   input uint Font_Size=10;                               // Indicator name font size
   input int X_1=5;                                       // Horizontal name offset
   input int Y_1=-15;                                     // Vertical name offset
   input bool ShowIndName=true;                           // Indicator name display
   input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Display corner
   input uint X_=0;                                       // Horizontal offset
   input uint Y_=20;                                      // Vertical offset
   

3. The ForexOFFTrend_HTF_Signal indicator input parameters required for triggering alerts and audio signals:
   

   //---- alerts settings
   input ENUM_ALERT_MODE alert_mode=OnlySound;  // Indicator triggering option
   input uint AlertCount=0;                     // Number of alerts

If several ForexOFFTrend_HTF_Signal indicators are to be used on one chart, each of them should have its own Symbols_Sirname (indicator labels names) string variable value.

This indicator requires the compiled indicator file ForexOFFTrendSign.mq5. Place it in <terminal_data_folder>\MQL5\Indicators\.

Fig.1. ForexOFFTrend_HTF_Signal. Signal of trend continuation

Fig.2. ForexOFFTrend_HTF_Signal. Signal for a deal