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

2012.02.01 12:04

LinearRegSlope_V1_HTF_Signal - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

votes: 14

LinearRegSlope_V1_HTF_Signal shows a trend direction or a signal for performing a deal generated by LinearRegSlope_V1 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 triangle with the vertex pointing to the right, 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. LinearRegSlope_V1 indicator input parameters:
    //|  Indicator input parameters                    |
    input string Symbol_="";                  // Financial asset
    input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;// Indicator timeframe for the indicator calculation
    input Smooth_Method SlMethod=MODE_SMA;    // Smoothing method
    input int SlLength=12;                    // Smoothing depth
    input int SlPhase=15;                     // Smoothing parameter
    input Applied_price_ IPC=PRICE_CLOSE;     // Price constant
    input uint TriggerShift=1;                // Bar shift for the trigger
  2. LinearRegSlope_V1_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 UpSymol_Color=Blue;                       // Growth symbol color
    input color DnSymol_Color=HotPink;                    // 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. LinearRegSlope_V1_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 LinearRegSlope_V1_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 LinearRegSlope_V1 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".

Fig.1. LinearRegSlope_V1_HTF_Signal. Market entry signal

Fig.2. LinearRegSlope_V1_HTF_Signal. Trend continuation signal

Translated from Russian by MetaQuotes Software Corp.
Original code:

UltraXMA UltraXMA

This indicator is based on the integral value of the trend from the fans of similar moving averages with an arithmetic progression of the smoothing period.

UtterFractals UtterFractals

This indicator shows the "inner market structure" close to the real one in contrast to the standard "fractals" and all sorts of zig zags.

XMA Ichimoku Channel XMA Ichimoku Channel

The envelope built by the moving averages calculated the same way as the ones for Ichimoku Kinko Hyo.

Ultra Momentum Ultra Momentum

This indicator is based on Momentum and its multiple signal lines analysis.