METRO_HTF_Signal - indicator for MetaTrader 5

The METRO_HTF_Signal indicator shows the trend direction or a signal for performing a trade generated by the METRO_Sign indicator at the chosen bar as a graphic object with colored indication of the trend or the trade direction and generates alerts or sound notifications if there are signals for performing trades.

If the trend continues at the selected bar, the indicator alerts by a graphic object in the form of round steering wheel, the color of which corresponds to the trend direction. If the trend has changed at the selected bar, the indicator signals by displaying a diagonal arrow. Its color and direction correspond to the trade direction.

All input parameters can be divided into three large groups:

1. The METRO_Sign indicator input parameters:
   

   //+------------------------------------------------+ 
   //|  Indicator input parameters                    |
   //+------------------------------------------------+ 
   input string Symbol_="";                               // Financial asset
   input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // Indicator timeframe for calculation
   input uint PeriodRSI=7;                                // Indicator period
   input uint StepSizeFast=5;                             // Fast step
   input uint StepSizeSlow=15;                            // Slow step
   

   
   
2. METRO_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=clrBlue;                    // Uptrend symbol color
   input color Dnsymbol_Color=clrDeepPink;                // 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;                           // Indicator name display
   input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Display corner
   input uint X_=0;                                       // Horizontal offset
   input uint Y_=20;                                      // Vertical offset
   

3. Input parameters of the METRO_HTF_Signal indicator that are necessary for producing alerts and audio signals:
   

   //---- alerts settings
   input ENUM_ALERT_MODE alert_mode=OnlySound;  // Triggering indication option
   input uint AlertCount=0;                     // Number of generated alerts
   

In case several METRO_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 compiled indicator file METRO_Sign.mq5. Place it in <terminal_data_folder>\MQL5\Indicators\.

Figure 1. The METRO_HTF_Signal indicator A signal of trend continuation

Fig. 2. The METRO_HTF_Signal indicator Signal for trade