iMFISign_HTF_Signal - MetaTrader 5 Script - MT4/MT5 Resource

If the trend continues on the selected bar, the indicator will alert via a graphical object in the form of a right arrow, the color of which corresponds to the direction of the trend. 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:

 //+------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------+
Enter string symbol_= ”” ; // Financial assets
Input ENUM_TIMEFRAMES time range = PERIOD_H4 ; // Calculate indicator time range
Units ATR_Period = 14 ; Input Units MFIP Period = 14 ; Input ENUM_APPLIED_VOLUME Volume Type = Volume_Scale ; // Volume
Enter Unit Upper = 70 ; // Overbought level
Enter unit DN level = 30 ; // oversold level

 //----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= Clarelem ; // Uptrend symbol color
Input color Dnsymbol_Color= magenta ; // 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 the symbol's corner
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 iMFISign_HTF_Signal indicators on a chart, each indicator should have its own Symbols_Sirname (indicator label name) string variable value.

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

Figure 1. iMFISign_HTF_signal. Trend continuation signal

Figure 2. iMFISign_HTF_Signal indicator. signal to close a deal

Attachment download

📎 imfisign.mq5 (6.66 KB)

📎imfisign_htf_signal.mq5 (14.41 KB)

Source: MQL5 #15795

iMFISign_HTF_Signal - Important points before using the MetaTrader 5 script

This page has been supplemented with structured instructions, focusing on the purpose of trading scripts, MT4/MT5 platform compatibility, testing procedures and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen trading scripts and are willing to do simulation verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

This page is also optimized for English search intent around iMFISign_HTF_Signal - MetaTrader 5 script . Related search terms include: trading script, MT4 script, MT5 script. Test any Forex EA, Expert Advisor, MT4/MT5 indicator, script or MQL source code with historical data and a demo account before live trading.