The ColorTSI-Oscillator EA is based on the signals generated by the ColorTSI-Oscillator oscillator.
The signal is formed when a bar is closing if there is change in cloud color of the indicator.
The Expert Advisor requires the compiled file of the indicator ColorTSI-Oscillator.ex5. Place it to terminal_data_folder\MQL5\Indicators.
Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit together with position opening. You can download more variants of the library at the following link: Trade Algorithms.
Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Figure 1 The instances of history of deals on the chart
Testing results for 2013 at USDJPY H4:
Figure 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2306
A semaphore signal indicator determining the moments of a directional price change on several bars, the number of bars is specified in the indicator input parameters.StepMA_Stoch_KV1_Signal
The StepMA_Stoch_KV1_Signal indicator shows information on the current trend using the values of the StepMA_Stoch_KV1 indicator with a fixed timeframe.