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

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:

 Enter string symbol_= ”” ; // Financial assets
Input ENUM_TIMEFRAMES time range = PERIOD_H6 ; // Calculate indicator time range
Input Alg_Method mode=MODE_IN; // Breakthrough algorithm
Input unit HLR_range = 40 ; // indicator average period
Input unit HLR_UpLevel= 80 ; // Overbought level
Input unit HLR_Dn level = 20 ; // Oversold level

 //----Indicator visualization settings
Input unit signal field = 0 ; // Number of bars used to get the signal (0 is the current bar)
Input stringSymbols_Sirname =INDICATOR_NAME "_label_" ; // Indicator label name
Input color UpSymol_Color=lime; // Uptrend symbol color
Input color DnSymol_Color=magenta; // Downtrend 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 displayname = true ; // display indicator name
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; // Options to trigger indication
Input unit alarm count = 0 ; // number of alarms

If you want to use multiple HLR_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 HLRSign.mq5. Place it in <terminal data folder>\MQL5\Indicators\.

Figure 1. HLR_HTF_Signal indicator. Trend continuation signal

Figure 2. HLR_HTF_Signal indicator. signal to close a deal

Attachment download

📎 hlrsign.mq5 (7.91 KB)

📎 hlr_htf_signal.mq5 (14.69 KB)

Source: MQL5 #12574