Buy/sell indicator with alerts. -MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources

This is an updated version of the indicator I uploaded earlier http://codebase.mql4.com/en/code/9976 .

The basic logic is

It counts the number of bars on the chart and then draws an arrow based on the histogram, which is confirmed again when the next open is a high in the case of a buy arrow or a low in the case of a sell signal, and when both conditions are met, it draws an arrow.

It is a price action change which means that if an arrow appears, the price will change its direction, forming a five-bar sequence where the center bar has a higher maximum or a lower minimum. The arrow shows the center bar position.

Added audible pop-up alerts and email alerts.

Recommended time: 1 hour

Attachment download

📎 trendsignal.mq4 (3.9 KB)

Source: MQL5 #10238