FisherTransform_HTF_Signal - MetaTrader 5 Script - MT4/MT5 Resource

FisherTransform_HTF_Signal Displays the trend direction or a signal for executing trades generated by Fisher transforms the indicator on the selected bar as a graphical object with a colored trend indication or trade direction and sends an alert or audio signal at the moment of entry.

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 on the selected bar changes, the indicator will alert with an arrow, color and direction corresponding to the direction of the executed trade.

All input parameters can be divided into three major groups:

 //+------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------+
Enter string symbol_= ”” ; // Financial instrument
Input ENUM_TIMEFRAMES time range = PERIOD_H6 ; // time range for indicator calculation
Input unit length=10; //Indicator period

 //----Indicator display settings
Input unit signal column = 0 ; // Signal bar index, 0 is the current bar
Input stringSymbols_Sirname =INDICATOR_NAME "_label_" ; // Indicator label name
Input color UpSymbol_Color=cyan; // Growth symbol color
Input color DnSymbol_Color=dark orange; // Downfall 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 movement of name
Input integer Y_1=- 15 ; // Name moves vertically
Input boolean display name = true ; // indicator name display
Input ENUM_BASE_CORNER what corner = CORNER_RIGHT_UPPER ; // position angle
Input unit X_= 0 ; // horizontal movement
Input unit Y_= 20 ; // vertical translation

 //---- Alarm settings
Input ENUM_ALERT_MODEalert_mode=OnlySound; // Action indication version
Input unit alert count = 0 ; //Number of alerts submitted

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

Place the FisherTransform indicator compiled file into terminal_data_folder\MQL5\Indicators\.

Figure 1. Sell signal

Figure 2. Uptrend continuation signal

Attachment download

📎 fishertransform.mq5 (6.99 KB)

📎 fishertransform_htf_signal.mq5 (14.03 KB)

Source: MQL5 #742