iStochKomposter_HTF_Signal - indicator for MetaTrader 5

The iStochKomposter_HTF_Signal indicator shows a trend direction or a signal generated by the iStochKomposter 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 iStochKomposter 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 KPeriod=5;
   input uint DPeriod=3;
   input uint Slowing=3;
   input ENUM_MA_METHOD STO_Method=MODE_SMA;
   input ENUM_STO_PRICE Price_field=STO_LOWHIGH;
   input uint UpLevel=70;                                 // overbought level
   input uint DnLevel=30;                                 // oversold level
   

   
   
2. iStochKomposter_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=clrDodgerBlue;              // 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; // Corner to display a symbol
   input uint X_=0;                                       // Horizontal offset
   input uint Y_=20;                                      // Vertical offset
   

   
   
3. Input parameters of the iStochKomposter_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 iStochKomposter_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 iStochKomposter.mq5. Place it in <terminal_data_folder>\MQL5\Indicators\.

Fig.1. iStochKomposter_HTF_Signal. Signal of trend continuation

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