Elliott_Wave_Oscillator_HTF_Signal - MetaTrader 5 script

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 ENUM_MODE mode=MODE1; // Signal definition algorithm
Enter Smooth_Method MA_Method1=MODE_SMA_; // Average method of the first moving average
Input integer length 1= 5 ; // Depth of first moving average smoothing
Enter integer stage 1= 15 ; // Parameters of the first moving average,
//---- For JJMA in the range of -100 ... +100, it will affect the quality of the transition process;
//----For VIDIA, it is the CMO cycle, for AMA, it is the slow average cycle
Enter Applied_price_IPC1=PRICE_MEDIAN_; // first MA price constant
Enter Smooth_Method MA_Method2=MODE_JJMA; //The second MA averaging method
Input integer length 2= 35 ; // Depth of the second moving average smoothing
Input integer stage 2= 15 ; // Parameters of the second MA,
//---- For JJMA in the range of -100 ... +100, it will affect the quality of the transition process;
//----For VIDIA, it is the CMO cycle, for AMA, it is the slow average cycle
Enter Applied_price_IPC2=PRICE_MEDIAN_; // Second MA price constant

 //----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= clr light green ; // 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 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 ; // vertical offset

 //---- 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 Elliott_Wave_Oscillator_HTF_Signal indicators on one chart, each indicator should have its own Symbols_Sirname (indicator label name) string variable value.

Place the indicator compilation file Elliott_Wave_Oscillator_Sign.mq5 into terminal_data_folder\MQL5\Indicators\ of the client.

Figure 1. Elliott_Wave_Oscillator_HTF_Signal. Trend continuation signal

Figure 2. Elliott_Wave_Oscillator_HTF_Signal. signal to close a deal

Attachment download

📎Elliott_Wave_Oscillator_HTF_Signal.mq5 (17.11 KB)

📎Elliott_Wave_Oscillator_Sign.mq5 (10.83 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #15275