ElderImpulseSystem_HTF_Signal - MetaTrader 5 script

ElderImpulseSystem_HTF_Signal displays the trend direction starting from the last bar ElderImpulseSystem as a series of graphical objects colored according to the trend direction. The number of bars to use is set in the input parameter. Red shows a downward trend, while lime indicates an upward trend. If there is no trend signal, blue is used.

The time frame and name of the financial assets used for indicator calculations can be changed through the appropriate input parameters of the indicator. If the Symbol_(financial asset) input parameter is empty, the current chart symbol will be used as the financial asset.

All input parameters can be divided into two major groups:

 //+------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------+
Enter string symbol_= ”” ; // Financial instrument
Input ENUM_TIMEFRAMES time range = PERIOD_H6 ; // Indicator time range for indicator calculation
Input integer ma_period= 13 ; // moving average period
Input integer fast_ema_period= 12 ; // MACD fast line period
Input integer Slow_ema_period= 26 ; // MACD slow line period
Input integer signal period = 9 ; // MACD signal line period

 //----Indicator display settings
Enter string Symols_Mr.Name = "ElderImpulseSystem_Label_" ; // Indicator label name
Enter unit Column total = 4 ; // Number of bars to display
Input color UpSymbol_Color=spring green; // Growth symbol color
Input color FlSymbol_Color=blue; //Flat symbol color
Input color DnSymbol_Color=red; //Color of downfall symbol
Input color IndName_Color=Dark Orchid; // Indicator name color
Input unit symbol_size = 34 ; // signal symbol size
Input unit font size = 15 ; // Indicator name font size
Input integer Xn= 5 ; // horizontal movement of name
Input integer Yn= -20 ; //The 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_= 30 ; // vertical translation

In case there are several ElderImpulseSystem_Signal signals to be used on one chart, each chart should have its own Symbols_Sirname (indicator label name) string variable value.

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

Attachment download

📎 elderimpulsesystem.mq5 (7.19 KB)

📎 elderimpulsesystem_htf_signal.mq5 (11.46 KB)

Source: MQL5 #693

ElderImpulseSystem_HTF_Signal - Important points before using the MetaTrader 5 script

This page has been supplemented with structured instructions, focusing on the purpose of trading scripts, MT4/MT5 platform compatibility, testing procedures and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen trading scripts and are willing to do simulation verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

This page is also optimized for English search intent around ElderImpulseSystem_HTF_Signal - MetaTrader 5 script . Related search terms include: trading script, MT4 script, MT5 script. Test any Forex EA, Expert Advisor, MT4/MT5 indicator, script or MQL source code with historical data and a demo account before live trading.