ASCtrend_HTF_Signal - MetaTrader 5 Script - MT4/MT5 Resource

ASCtrend_HTF_Signal Displays the trend direction or the signal used to execute trades generated by the ASC Trend indicator as a graphical object with colored trend indication or trade direction.

If there is no entry signal at the current bar, the indicator will sound an alert with a filled triangle, the color of which corresponds to the direction of the trend:

If an entry signal appears on the current bar, the indicator will alert with an arrow, color and direction corresponding to the direction of the executed trade:

Indicator input parameters :

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 assets
Input ENUM_TIMEFRAMES time range = PERIOD_H6 ; // Indicator time range for indicator calculation
Input integer risk = 4 ;

 //----Indicator display settings
Enter StringSymbols_MrName = "ASC Trend_Label_" ; // Indicator Label Name
Input color UpSymbol_Color=lime; // Growth symbol color
Input color DnSymbol_Color=red; //Color of downfall symbol
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