HL Cross Signal by WPR - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

WPR's HLCrossSig is considered a trend indicator because it is designed to "catch" trends. However, it is a rather complex and informative indicator that excludes psychological and emotional influences from trading.

The indicator shows opening levels, setting stop loss levels, trailing stop loss and take profit, leaving traders with no doubt whether to execute the trade or not. Avoiding psychological and emotional influences in trading is a key factor in making profits in the market.

Input parameters:

 //+------------------------------------------------------------------------+
//|Input parameters of the indicator |
//+------------------------------------------------------------------------+
Input integer Supr_Period= 6 ; // The period of the breakout interval; the larger the value, the later and rarer the signal
Input integer MA_Period = 21 ; // Period of the Heiken Ashi variable. Use as additional filter
Input integer risk = 0 ; // Maximum risk point used to calculate entry levels based on nearest max/min levels
Input integer ATR_period = 120 ; // АТR period. Used to calculate volatility.
Enter double Q= 0.7 ; // Parameters used to set take profit. - Stop loss rate. If = 1, Take Profit = Stop Loss
Input integer WPR_period = 12 ; // WPR period. Use as additional filter
Input integer H line =- 38 ; // WPR upper signal line of stop level
Input integer L line = - 62 ; // WPR stop bit lower signal line

Display elements of the indicator:

Attachment download

📎 hlcrosssigforwpr.mq5 (15.53 KB)

Source: MQL5 #728