Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2012.02.03 15:16
Indicators

FisherTransform_HTF_Signal - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
3424
Rating:
votes: 16

FisherTransform_HTF_Signal shows a trend direction or a signal for performing a deal generated by FisherTransform indicator at the chosen bar as a graphic object with colored trend indication or deal direction and sends alerts or audio signals in case of a market entry moment.

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. In case a trend has changed at the selected bar, the indicator alerts by the arrow, color and direction of which correspond to a performed deal direction.

All input parameters can be divided into three large groups:

  1. FisherTransform indicator input parameters:
    //+------------------------------------------------+ 
    //|  Indicator input parameters                    |
    //+------------------------------------------------+ 
    input string Symbol_="";                   // Financial instrument
    input ENUM_TIMEFRAMES Timeframe=PERIOD_H6; // Timeframe for the indicator calculation
    input uint Length=10;                      // Indicator period
  2. FisherTransform_HTF_Signal indicator input parameters that are necessary for the indicator visualization:
    //---- indicator display settings
    input uint SignalBar=0;                              // Signal bar index, 0 is a current bar
    input string Symbols_Sirname=INDICATOR_NAME"_Label_";// Indicator labels name
    input color UpSymbol_Color=Teal;                     // Growth symbol color
    input color DnSymbol_Color=DarkOrange;               // Downfall symbol color
    input color IndName_Color=DarkOrchid;                // 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 shift of the name
    input int Y_1=-15;                                   // 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_=20;                                    // Vertical shift
    
  3. FisherTransform_HTF_Signal indicator input parameters that are necessary for triggering alerts and audio signals:
    //---- alerts settings
    input ENUM_ALERT_MODE alert_mode=OnlySound; // Actuation indication version
    input uint AlertCount=0;                    // Number of submitted alerts

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

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

Fig.1. FisherTransform_HTF_Signal indicator. Sell signal

Fig. 1. Sell signal

Fig.2. FisherTransform_HTF_Signal indicator. Uptrend continuation signal

Fig. 2. Uptrend continuation signal

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/742

HLR HLR

The HighestLowestRange (HLR) determines the relative price position in range of the several X bars ago. If price located at range bottom (new low), the indicator is equal to 0, if price position at the top of the range (new high), the indicator is equal to 1 (or 100%).

MPC MPC

The MPC indicator plots a simple channel using extermums of the specified period. It can be used for additional visual control of trading system (channel breakout), based on HighestLowestRange (HLR) indicator.

X2MA_KLx3_Cloud X2MA_KLx3_Cloud

Keltner Channel displayed as colored background.

IBS IBS

Internal Bar Strength Indicator measures the "inner strength" of each bar by subtracting the close price from the low and dividing the resulting number by the difference between high and low bars.