Karacatica_HTF_Signal - MetaTrader 5 Script - MT4/MT5 Resource

The Karacatica_HTF_Signal indicator shows the trend direction or a signal based on: Karacatica indicator on the selected bar 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 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 integer i period = 70 ; // indicator period

 //----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 UpSymol_Color=lime; // Growth symbol color
Input color DnSymol_Color=magenta; // Autumn symbol color
Input color IndName_Color=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 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 Karacatica_HTF_Signal indicators on one chart, each indicator should have its own Symbols_Sirname (indicator label name) string variable value.

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

Figure 1. Trend continuation signal based on Karacatica_HTF_Signal indicator data

Figure 2. Position opening signal based on Karacatica_HTF_Signal indicator data

Attachment download

📎 karacatica.mq5 (6.97 KB)

📎 karacatica_htf_signal.mq5 (14.1 KB)

Source: MQL5 #13904