Laguerre_HTF_Signal - MetaTrader 5 Script - MT4/MT5 Resources

Laguerre_HTF_Signal Displays the trend direction or a signal for executing trades generated by the Colored Laguerre indicator on the selected bar as a graphical object with colored trend indication or trade direction.

If the trend continues on the selected bar, the indicator will alert via a graphical object in the form of a solid right arrow, the color of which corresponds to the direction of the trend.

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
Enter double gamma = 0.7 ; // perceptual
Enter integer high level = 85 ; // overbought level
Input integer middle level = 50 ; // middle level
Enter integer low level = 15 ; // oversold level

 //----Indicator display settings
Input unit signal column = 0 ; // Signal bar index, 0 is the current bar
Input String Symols_MrName = "Laguerre_Label_" ; // Indicator label name
Input color UpSymbol_Color=yellow; // Growth symbol color
Input color DnSymbol_Color=Magenta; // 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

If you want to use multiple Laguerre_HTF_Signal indicators on one chart, each indicator should have its own Symbols_Sirname (indicator label name) string variable value.

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

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:

Attachment download

📎 colorlaguerre.mq5 (8.85 KB)

📎laguerre_htf_signal.mq5 (10.25 KB)

Source: MQL5 #676