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2016.07.20 14:39
Indicators

iMFISign_HTF_Signal - indicator for MetaTrader 5

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

In case a trend continues at the selected bar, the indicator alerts by a graphic object in the form of the right arrow, the color of which corresponds to a trend direction. If the trend has changed at the selected bar, the indicator displays a diagonal arrow. Its color and direction correspond to the deal direction.

All input parameters can be divided into three large groups:

  1. Input Parameters of the iMFISign indicator:
    //+------------------------------------------------+ 
    //|  Indicator input parameters                    |
    //+------------------------------------------------+ 
    input string Symbol_="";                               // Financial asset
    input ENUM_TIMEFRAMES Timeframe=PERIOD_H4;             // Indicator timeframe for calculation
    uint ATR_Period=14;
    input uint MFIPeriod=14;
    input ENUM_APPLIED_VOLUME VolumeType=VOLUME_TICK;      // volume 
    input uint UpLevel=70;                                 // overbought level
    input uint DnLevel=30;                                 // oversold level
    

  2. iMFISign_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=clrLime;                    // 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;                           // Indicator name display
    input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Corner to display a symbol
    input uint X_=0;                                       // Horizontal offset
    input uint Y_=20;                                      // Vertical offset
    

  3. Input parameters of the iMFISign_HTF_Signal indicator that are necessary for producing alerts and audio signals:
    //---- Alert Settings
    input ENUM_ALERT_MODE alert_mode=OnlySound;  // Indicator triggering option
    input uint AlertCount=0;                     // Number of alerts
    

If several iMFISign_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 iMFISign.mq5. Place it in <terminal_data_folder>\MQL5\Indicators\.

Fig.1. iMFISign_HTF_Signal. Signal of trend continuation

Fig.1. iMFISign_HTF_Signal. Signal of trend continuation

Fig.2. The iMFISign_HTF_Signal indicator. Signal for a deal

Fig.2. The iMFISign_HTF_Signal indicator. Signal for a deal

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15795

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