Parabolic_HTF_Signal - MetaTrader 5 Script - MT4/MT5 Resource

Parabolic_HTF_Signal displays the trend direction or color of the signal used to execute trades generated by _Parabolic 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 entry.

If the trend continues on the selected bar, the indicator will sound an alert through a graphical object in the form of a filled circle, 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:

 Enter string symbol_= ”” ; // Financial assets
Input ENUM_TIMEFRAMES time range = PERIOD_H6 ; // indicator calculation time range
Enter double steps = 0.02 ; // steps
Enter double the maximum value = 0.2 ; // maximum value

 //----Indicator display settings
Input unit signal column = 0 ; // Signal bar index, 0 is the current bar
Input StringSymbols_Mr.Name = "Parabola_Label_" ; // Indicator label name
Input color Up1Symbol_Color=blue-purple; // Long integer symbol color
Input color UpSymbol_Color=medium blue; // Growth symbol color
Input color DnSymbol_Color=red; //Color of downfall symbol
Input color Dn1Symbol_Color=dark pink; //referred to as 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 Parabolic_HTF_Signal indicator charts on one indicator, each chart should have its own Symbols_Sirname (indicator label name) string variable value.

Place the Color_Parabolic.mq5 indicator compiled file into terminal_data_folder\MQL5\Indicators.

Attachment download

📎 color_parabolic.mq5 (8.86 KB)

📎 parabolic_htf_signal.mq5 (12.06 KB)

Source: MQL5 #680

Parabolic_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 Parabolic_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.