Signal Histogram

Signal Histogram is a reliable technical indicator for the MetaTrader 5 platform, designed for visual determination of the current trend based on comparing the closing price with the moving average. The indicator displays a histogram in a separate window: green bars indicate that the price is above the average, while red bars indicate that the price is below or equal to the average. This approach allows for quick assessment of the trend direction and identification of potential reversal points. The indicator provides trading signals at the moment of price and moving average crossover, which is especially useful for scalping and intraday trading. All signals are without repainting, as they are formed only after the bar closes, ensuring stability and the ability to objectively evaluate effectiveness on history. To increase accuracy, Signal Histogram uses a time filter: you can configure the trading session window to exclude noisy periods and focus on the most active market segments. This makes the indicator particularly suitable for traders who prefer trading during specific hours. The indicator supports push notifications and alerts, allowing you not to miss important moments even when away from the monitor.

One of the main advantages of Signal Histogram is that you can install multiple copies of it on one chart with different settings, for example, with periods of 20, 50, and 100 (see screenshot № 2). This will show how the price behaves relative to short, medium, and long trends simultaneously. If, for example, the price is above all three lines, it often means the market is confidently rising. And if the lines start to "diverge" or the price falls below one of them, the trend may be weakening or about to reverse. This method helps to better understand what's happening in the market and make more informed decisions.

Assets for trading: the indicator is universal and works effectively on currency pairs, cryptocurrencies (including Bitcoin and Ethereum), stock indices, stocks, gold, and other precious metals.

Recommended timeframes: M5, M15, M30, H1, H4 — however, the indicator works correctly on any period.

Indicator settings:

• MA_Period — period of the moving average. Determines the indicator's sensitivity: the smaller the value, the faster the reaction to price changes.
• UseTimeFilter — enable/disable the time filter. Allows displaying signals only at the specified time of day.
• StartTimeHour — start hour of the trading session in 24-hour format.
• EndTimeHour — end hour of the trading session in 24-hour format.

If the time filter is enabled, the indicator will ignore bars outside the specified range — they will not be displayed on the histogram and will not generate signals. This is especially useful for filtering night or weekend "noise" in the market.

Signal Histogram is a simple yet powerful tool that will suit both beginners and experienced traders. It helps to clearly see the direction in which the market is moving and timely notice important moments for entering a trade.

Do not risk your trading account! The genuine Signal Histogram is distributed only through the official MQL5 store. All other versions are fakes without support, updates, or warranty of functionality. Remember: if the price seems "too good to be true," it's almost certainly a scam.