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2015.06.30 11:33
Indicators

BinaryWave_HTF_Signal - indicator for MetaTrader 5

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\MQL5\Include\

The BinaryWave_HTF_Signal indicator shows a trend direction or a signal generated by the BinaryWaveSign indicator at the chosen bar as a graphical object with colored indication of trend or trade direction. It also triggers alerts and plays audio signals.

If the trend continues at the selected bar, the indicator displays a right arrow. Its color corresponds to the trend direction. If the trend has changed at the selected bar, the indicator displays a diagonal arrow. Its color and direction correspond to the trade direction.

All input parameters can be divided into three large groups:

  1. The BinaryWaveSign input parameters:
    input string Symbol_="";                               // Financial asset
    input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // Timeframe for indicator calculation
    //--- indicators weight. If zero, the indicator doesn't take part in the wave calculation
    input double WeightMA    = 1.0;
    input double WeightMACD  = 1.0;
    input double WeightOsMA  = 1.0;
    input double WeightCCI   = 1.0;
    input double WeightMOM   = 1.0;
    input double WeightRSI   = 1.0;
    input double WeightADX   = 1.0;
    //---- Moving Average parameters
    input int   MAPeriod=13;
    input  ENUM_MA_METHOD   MAType=MODE_EMA;
    input ENUM_APPLIED_PRICE   MAPrice=PRICE_CLOSE;
    //---- MACD parameters
    input int   FastMACD     = 12;
    input int   SlowMACD     = 26;
    input int   SignalMACD   = 9;
    input ENUM_APPLIED_PRICE   PriceMACD=PRICE_CLOSE;
    //---- OsMA parameters
    input int   FastPeriod   = 12;
    input int   SlowPeriod   = 26;
    input int   SignalPeriod = 9;
    input ENUM_APPLIED_PRICE   OsMAPrice=PRICE_CLOSE;
    //---- CCI parameters
    input int   CCIPeriod=14;
    input ENUM_APPLIED_PRICE   CCIPrice=PRICE_MEDIAN;
    //---- Momentum parameters
    input int   MOMPeriod=14;
    input ENUM_APPLIED_PRICE   MOMPrice=PRICE_CLOSE;
    //---- RSI parameters
    input int   RSIPeriod=14;
    input ENUM_APPLIED_PRICE   RSIPrice=PRICE_CLOSE;
    //---- ADX parameters
    input int   ADXPeriod=14;
    //---- wave smoothing
    input Smooth_Method bMA_Method=MODE_JJMA; // Averaging method
    input int bLength=5;  // Smoothing depth                    
    input int bPhase=100; // Smoothing parameter
                          // for JJMA it varies within the range -100 ... +100 and influences the quality of the transient process;
    
  2. The BinaryWave_HTF_Signal indicator input parameters that are necessary for the indicator visualization:
    //---- indicator display settings
    input uint SignalBar=0;                                // Bar number for getting a signal (0 - current bar)
    input string Symbols_Sirname=INDICATOR_NAME"_Label_";  // Indicator labels names
    input color Upsymbol_Color=clrLimeGreen;               // Uptrend symbol color
    input color Dnsymbol_Color=clrMagenta;                 // Downtrend symbol color
    input color IndName_Color=clrDarkOrchid;               // Indicator name color
    input uint Symbols_Size=60;                            // Signal symbols size
    input uint Font_Size=10;                               // Indicator name font size
    input int X_1=5;                                       // Horizontal name offset
    input int Y_1=-15;                                     // Vertical name offset
    input bool ShowIndName=true;                           // Display the indicator name
    input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Location corner
    input uint X_=0;                                       // Horizontal offset
    input uint Y_=20;                                      // Vertical offset
    
  3. The BinaryWave_HTF_Signal indicator input parameters that are necessary for triggering alerts and audio signals:
    //---- alerts settings
    input ENUM_ALERT_MODE alert_mode=OnlySound;  // Triggering option
    input uint AlertCount=0;                     // Number of alerts
    

If several BinaryWave_HTF_Signal indicators are to be used on one chart, each of them should have its own Symbols_Sirname (indicator labels names) string variable value.

This indicator requires the the compiled indicator file BinaryWaveSign.mq5. Place it in <terminal_data_folder>\MQL5\Indicators\.

Fig.1. BinaryWave_HTF_Signal. Signal of trend continuation

Fig.1. BinaryWave_HTF_Signal. Signal of trend continuation

Fig.2. The BinaryWave_HTF_Signal indicator. Signal for trade

Fig.2. The BinaryWave_HTF_Signal indicator. Signal for trade

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/12997

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