HLCrossSigForMFI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

HLCrossSigForMFI 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 integer Supr_Period= 6 ; //The period of the breakthrough interval; the larger the value, the later and rarer the signal
Input integer MA_period = 21 ; //Triple exponential moving average period. Use as additional filter
Input integer risk = 0 ; //Maximum risk point used to calculate entry levels based on nearest max/min levels
Input integer ATR_period = 120 ; //АТR 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 integer MFI_period = 12 ; //MFI period. Use as additional filter
Input ENUM_APPLIED_VOLUME MFI_VolumeType= Volume_Scale ; // MFI volume
Input unit horizontal line = 60 ; //MFI upper signal stop line
Input unit line = 40 ; //lower signal stop line for MFI

Display elements of the indicator:

Figure 1. HLCrossSigForMFI indicator

Attachment download

📎 hlcrosssigformfi.mq5 (31.7 KB)

Source: MQL5 #23135