trend_arrows_HTF_Signal - MetaTrader 5 Script - MT4/MT5 Resource

trend_arrow_HTF_Signal Displays the trend direction or signal generated by executing a trade Trend Arrow Indicator on the selected bar as a graphical object with colored trend indication or trade direction and sends alerts or audio signals at market entry moments.

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_H6 ; // Calculate indicator time range
Input unit i period = 15 ; // indicator period
Input unit iFullPeriods= 1 ;

 //----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= red blood cells ; // 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 displayname = true ; // display indicator name
Input ENUM_BASE_CORNER what corner = CORNER_RIGHT_UPPER ; // Display corner points
Input unit X_= 0 ; // Horizontal offset
Input unit Y_= 20 ;

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

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

Place the indicator compiled file trend_arrows.mq5 into terminal_data_folder\MQL5\Indicators\ of the client.

Figure 1. trend_arrows_HTF_Signal. Trend continuation signal

Figure 2. trend_arrows_HTF_Signal. signal to close a deal

Attachment download

📎 trend_arrows.mq5 (13.66 KB)

📎 trend_arrows_htf_signal.mq5 (14.24 KB)

Source: MQL5 #15558