LinearRegSlope_V1_HTF_Signal - MetaTrader 5 script

LinearRegSlope_V1_HTF_Signal Displays trend direction or signals generated by executing trades LinearRegSlope_V1 indicator on the selected bar as a graphical object with colored trend indication or trade direction and sends an alert or audio signal at the moment of market entry.

If the trend continues on the selected bar, the indicator will alert via a triangle graphical object with a vertex pointing to the right, 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 assets
Input ENUM_TIMEFRAMES time range = PERIOD_H6 ; // Indicator time range for indicator calculation

Input Smooth_Method SlMethod= mode_SMA ; // Smoothing method
Input integer SL length = 12 ; // smoothing depth
Input integer Sl phase = 15 ; // Smoothing parameter
Input Application_Price_IPC= PRICE_CLOSE ; // Price constant
Input unit trigger shift = 1 ; // trigger bar movement

 //----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 UpSymol_Color=blue; // Growth symbol color
Input color DnSymol_Color=Hot Pink; // 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 LinearRegSlope_V1_HTF_Signal indicators on one chart, each indicator should have its own Symbols_Sirname (indicator label name) string variable value.

Place the LinearRegSlope_V1 indicator compiled file into terminal_data_folder\MQL5\Indicators\.

The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

Attachment download

📎 linearregslope_v1.mq5 (9.76 KB)

📎 linearregslope_v1_htf_signal.mq5 (15.36 KB)

📎 smoothalgorithms.mqh (134.03 KB)

Source: MQL5 #744