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

WATR_HTF_Signal indicator shows the trend direction or the indicator on the selected bar by Watt as a graphical object with colored trend indication or trading direction. It also triggers an alarm and plays an audio signal.

If the trend continues on the selected bar, the indicator will show a right arrow. Its color corresponds to the trend direction. If the trend of the selected bar has changed, the indicator displays diagonal arrows. Its color and direction correspond to the trading direction.

All input parameters can be divided into three major groups:

WATR indicator input parameters:

 //+------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------+
Enter string symbol_= ”” ; // Financial assets
Input ENUM_TIMEFRAMES time range = PERIOD_H6 ; // Calculate indicator time range
Input unit WATR_K = 10 ; Input double WATR_M = 4.0 ; Input unit Attenuated Total Reflection = 21 ;

 //----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= Cleaqua ; // Uptrend symbol color
Input color Dnsymbol_Color= magenta ; // Downtrend symbol color
Input color IndName_color = gray gray ; // 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; // indicator trigger options
Input unit alarm count = 0 ; // number of alarms

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

Place the compiled indicator file WATR.mq5 into terminal_data_folder\MQL5\Indicators\.

Figure 1. WATR_HTF_Signal indicator. Signal for continuation of uptrend

Figure 2. WATR_HTF_Signal indicator. Signal to open a short position

Attachment download

📎 watr.mq5 (25.85 KB)

📎 watr_htf_signal.mq5 (28.32 KB)

Source: MQL5 #17891