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StepXCCX_HTF_Signal - indicator for MetaTrader 5

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votes: 13
2012.01.09 12:58
2016.11.22 07:32

StepXCCX_HTF_Signal displays trend directions from three last bars of the ColorStepXCCX indicator as three graphical objects with a trend color indication.

Unlike the original, four color indication is used here. In the overbought area defined by the Up1Level input parameter threshold value, ascending trend signals color the objects in lime, outside the overbought area ascending signals are green. In the oversold area defined by the Dn1Level input parameter threshold value, descending trend signals color the objects in magenta, outside the oversold area descending signals are red.

Indicator input parameters:

A timeframe and a name of a financial asset used for the indicator calculation can be changed by the indicator appropriate input parameters. If Symbol_ (financial asset) input parameter is empty, the current chart symbol shall be used as a financial asset.

All input parameters can be divided into two large groups:

  1. The information about the input parameters of ColorStepXCCX indicator can be found in its description;
    //|  Indicator input parameters       |
    input string Symbol_="";                      // Financial asset
    input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;     // Indicator timeframe for the indicator calculation
    input Smooth_Method DSmoothMethod=MODE_JJMA; // Price smoothing method
    input int DPeriod=30;                        // Moving average period
    input int DPhase=100;                        // Smoothing parameter
    input Smooth_Method MSmoothMethod=MODE_T3;   // Deviation smoothing method
    input int MPeriod=7;                         // Average deviation period
    input int MPhase=15;                         // Deviation smoothing parameter
    input APPLIED_PRICE IPC=PRICE_TYPICAL;        // Applied price
    input int StepSizeFast=5;                    // Fast step
    input int StepSizeSlow=30;                   // Slow step
  2. StepXCCX_HTF_Signal indicator input parameters that are necessary for the indicator visualization:
    //---- indicator display settings
    input string Symbols_Sirname="StepXCCX_";     // Indicator labels name
    input int   Up1Level=+50;                    // Overbought level
    input int   Dn1Level=-50;                    // Oversold level
    input color Up1Symbol_Color=Lime;            // Maximum growth symbol color
    input color UpSymbol_Color=Teal;             // Growth symbol color
    input color DnSymbol_Color=Red;              // Downfall symbol color
    input color Dn1Symbol_Color=Magenta;         // Maximum downfall symbol color
    input color IndName_Color=DarkOrchid;        // Indicator name color
    input uint Symbols_Size=40;                  // Signal symbols size
    input uint Font_Size=12;                     // Indicator name font size
    input int X_3=110;                           // Horizontal shift of the name
    input int Y_3=17;                            // Vertical shift of the name
    input bool ShowIndName=true;                 // Indicator name display
    input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Location corner
    input uint X_=0;                             // Horizontal shift
    input uint Y_=0;                             // Vertical shift

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

Place the ColorStepXCCX indicator compiled file to the terminal_data_folder\MQL5\Indicators\.

The indicators use SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

ColorStepXCCX_.mq5 is just an intermediate version of the final indicator with two color indication.

StepXCCX HTF Signal

Translated from Russian by MetaQuotes Software Corp.
Original code:

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