HLCrossSigForDeMarker - MetaTrader 5 Script - MT4/MT5 Resources

HLCrossSigForDeMarker is considered a trend indicator because it is designed to "catch" trends. However, it is a rather complex and informative indicator that excludes psychological and emotional influences from trading.

The indicator shows opening levels, setting stop loss levels, trailing stop loss and take profit, giving traders no doubt when executing trades. Avoiding psychological and emotional influences in trading is a key factor in making profits in the market.

 //+------------------------------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------------------------------+
Input unit Supr_Period= 6 ; //Breakthrough interval period: the higher the value, the later and rarer the signal appears
Input unit MA_Period = 21 ; //Period of the triple exponential moving average. Use as additional filter
Input unit risk = 0 ; // Calculate the highest number of risk points for entry level based on recent max/min levels
Input unit ATR_period = 120 ; //ATR period. Used to calculate volatility.
Enter double Q= 0.7 ; //Set the parameters of take profit. - Stop loss rate. if =1 then take = stop
Input unit DeMarker_Period= 12 ; //Demark period. Use as additional filter
Enter double horizontal line = + 0.5 ; //DeMarker's upper signal stop line
Enter double the L line = - 0.5 ; //DeMarker's lower signal stop line

Display elements of the indicator:

Figure 1. Indicator HLCrossSigForDeMarker

Attachment download

📎 hlcrosssigfordemarker.mq5 (31.79 KB)

Source: MQL5 #23552