HalfTrend Risk Target

HalfTrend Risk Target Signals

HalfTrend Risk Target Signals is a MetaTrader 5 trend indicator that combines a HalfTrend trend engine, ATR-based volatility channels, confirmed LONG and SHORT reversal signals, and predefined Entry, Stop Loss, TP1, TP2 and TP3 reference levels for the symbol of the current chart.

The indicator works only with the chart symbol. It does not request or depend on external symbols, making it suitable for brokers that use different symbol lists or naming conventions.

How It Works

The trend engine analyzes recent High and Low prices using the selected Amplitude together with moving-average conditions and ATR-based volatility measurements.

The internal trend state has two directions:

Bullish trend
Bearish trend

The HalfTrend line changes color according to the active trend state.

LONG Signal

A LONG signal is generated when the confirmed HalfTrend state changes from bearish to bullish.

The LONG label is finalized only after the signal candle closes.

SHORT Signal

A SHORT signal is generated when the confirmed HalfTrend state changes from bullish to bearish.

The SHORT label is finalized only after the signal candle closes.

ATR Channel

The indicator calculates an upper and lower volatility channel around the HalfTrend baseline.

The volatility component is based on:

ATR(100) / 2

The Channel Deviation input controls the distance of the channel from the HalfTrend line.

Default Channel Deviation: 2.0

Risk and Target Levels

When a confirmed LONG or SHORT signal occurs, the indicator creates a structured set of reference levels.

Distance is calculated as:

ATR(100) / 2 x Base Risk

Default Base Risk: 3.0

For LONG signals:

Entry = signal candle Close
Stop Loss = Entry - Distance
TP1 = Entry + Distance
TP2 = Entry + 2 x Distance
TP3 = Entry + 3 x Distance

For SHORT signals:

Entry = signal candle Close
Stop Loss = Entry + Distance
TP1 = Entry - Distance
TP2 = Entry - 2 x Distance
TP3 = Entry - 3 x Distance

The maximum displayed target therefore represents a nominal 1:3 distance relationship between Stop Loss and TP3.

These levels are analytical references only. The indicator does not automatically open, close or manage trading positions.

Target Tracking

The indicator monitors active Take Profit levels using candle High and Low prices.

When successive targets are reached, numbered target-hit markers can be displayed on the chart.

The target sequence can show the progression through TP1, TP2 and TP3.

Performance Dashboard

The optional dashboard displays statistics generated by the indicator's internal signal and target-tracking model.

It includes:

- Win Rate
- Internal Wins and Losses
- Target R:R
- Current Trade direction
- Current Trade percentage distance from Entry

These values are internal indicator statistics. They are not broker account results, independently verified backtests or guarantees of future performance.

Main Features

- HalfTrend trend calculation
- Bullish and bearish trend coloring
- ATR-based upper and lower channel
- Confirmed LONG reversal signals
- Confirmed SHORT reversal signals
- Entry reference level
- Stop Loss reference level
- TP1, TP2 and TP3 reference levels
- Numbered target-hit markers
- Optional TP and SL visual areas
- Performance and current-trade dashboard
- Adjustable Amplitude, Channel Deviation and Base Risk
- Current-chart-symbol operation with no external symbol dependency

Practical Starting Settings

Amplitude: 20
Channel Deviation: 2.0
Base Risk: 3.0

These are the default settings and can be used as a practical starting point for testing.

The indicator can be tested on different MetaTrader 5 chart timeframes. No single timeframe is guaranteed to be optimal for every symbol or market condition.

Input Parameters

HalfTrend Settings

Amplitude
Controls the lookback used by the HalfTrend High, Low and moving-average conditions.

Channel Deviation
Controls the ATR-based distance of the upper and lower volatility channel.

Risk Management

Base Risk
Controls the distance from Entry to Stop Loss and TP1. TP2 and TP3 use two and three times this distance.

Style and Colors

Bullish and Bearish Colors
Control the HalfTrend directional colors.

Entry Color
Controls the Entry reference line.

Take Profit Color
Controls TP1, TP2 and TP3.

Stop Loss Color
Controls the Stop Loss reference line.

TP Fill and SL Fill
Control the visual areas between Entry and the target or stop levels.

Display

Show Performance Dashboard
Shows or hides the internal performance and trade-status panel.

Show Trade Fills
Shows or hides the visual TP and SL areas.

Show Signal Labels
Shows or hides LONG and SHORT labels.

Show Target Hit Labels
Shows or hides target-hit markers.

How to Use

First, identify the current HalfTrend direction.

A bullish HalfTrend state indicates an upward directional bias.

A bearish HalfTrend state indicates a downward directional bias.

Next, wait for a confirmed reversal signal.

A LONG signal appears when the HalfTrend state changes from bearish to bullish.

A SHORT signal appears when the HalfTrend state changes from bullish to bearish.

After a confirmed signal, review the Entry, Stop Loss, TP1, TP2 and TP3 reference levels.

The target markers can then be used to monitor how far price has progressed through the active target structure.

The indicator is intended to support chart analysis and risk planning rather than replace the trader's own confirmation and risk-management process.

Supported Markets and Symbols

The indicator contains no hard-coded trading symbol and operates on the symbol of the chart where it is attached.

It can therefore be tested on standard MetaTrader 5 instruments provided by the connected broker.

Exact behavior can vary between symbols, brokers and price histories.

Signal and Current Candle Information

LONG and SHORT signals are confirmed only after the reversal candle closes.

The currently forming candle can still affect live values including:

- HalfTrend line position
- ATR channel values
- active TP or SL interaction
- current trade percentage

These live values can change before the current candle closes.

The indicator should not be described as fully non-repainting.

Performance

The indicator uses the current chart OHLC data directly and does not require external trading symbols.

Historical calculations are performed during the initial load.

During normal operation, the indicator updates the newest chart data rather than recalculating the complete history on every tick.

The indicator does not require DLL files, WebRequest or external indicators.

Risk Management

LONG and SHORT signals and the displayed target levels do not guarantee future market direction.

Users should apply appropriate position sizing, Stop Loss discipline and risk management when incorporating the indicator into a trading method.

Disclaimer

HalfTrend Risk Target Signals is a technical analysis indicator for MetaTrader 5.

It does not guarantee future trading results. Financial market trading involves risk, and all trading decisions remain the responsibility of the user.
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Let me introduce you to an excellent technical indicator – Grabber, which works as a ready-to-use "All-Inclusive" trading strategy. Within a single code, it integrates powerful tools for technical market analysis, trading signals (arrows), alert functions, and push notifications. Every buyer of this indicator also receives the following for free: Grabber Utility for automatic management of open orders Step-by-step video guide: how to install, configure, and trade with the indicator Custom set fi
KURAMA GOLD SIGNAL PRO (MT5) — 7-Layer Filter, Auto TP/SL, Quality Score & Signal History Save | Complete XAUUSD Trading System No repaint in real time. The moment a signal appears, the arrow, entry, TP and SL are locked on the spot and never move afterward. What you trade is this real-time signal. And in v7.20, every signal that is actually sent is auto-saved and restored exactly after restart. BUYER BONUS Buy the lifetime license and receive AI Zone Radar (
PZ Swing Trading MT5
PZ TRADING SLU
5 (5)
Protect against whipsaws: revolutionize your swing trading approach Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Tro
Boom & Crash & PainX & GainX Ultimate Spike Detector Trade Spikes With Confidence — Not Guesswork Catching spikes should be one of the most profitable strategies in synthetic markets. But for most traders, it becomes one of the most frustrating. You enter too early… price goes against you. You wait for a spike… it never comes. You finally catch one… but don’t know whether to hold or close. You make profit… then give it all back because there’s no exit plan. This is exactly the problem the Ultim
Boom & Crash & PainX & GainX Ultimate Spike Detector Trade Spikes With Confidence — Not Guesswork Catching spikes should be one of the most profitable strategies in synthetic markets. But for most traders, it becomes one of the most frustrating. You enter too early… price goes against you. You wait for a spike… it never comes. You finally catch one… but don’t know whether to hold or close. You make profit… then give it all back because there’s no exit plan. This is exactly the problem the Ultim
SkyHammer Signal Pro Professional No-Repaint Trend Signal Indicator with Locked Entry, SL and TP Levels SkyHammer Signal Pro is a structured trend and momentum signal indicator designed for traders who want clear, fixed, and verifiable trading signals. It works best on lower timeframes such as M1 and M5 . The indicator does not try to predict tops or bottoms. Instead, it waits for confirmed market structure, trend direction, momentum strength, volatility quality, and target space before generati
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RSI Divergence Risk Target Signals RSI Divergence Risk Target Signals is a MetaTrader 5 indicator that detects confirmed bullish and bearish RSI divergence and combines the signals with optional trend filters, ATR-based Stop Loss levels, three Take Profit targets, alerts and an internal trade statistics dashboard. The indicator compares confirmed RSI pivot structure with corresponding price highs and lows. It is designed to help traders identify momentum divergence while providing a structure
ALMA Market Structure Buy Sell Signals ALMA Market Structure Buy Sell Signals is a MetaTrader 5 indicator that combines an adaptive ALMA trend wave, BOS and CHoCH market structure analysis, confirmed swing Buy and Sell markers, smart candle coloring and a dynamic -2.5 standard deviation target. The indicator is designed to provide several layers of price-structure information directly on the chart without automatically opening or managing trades. Its main purpose is to help traders evaluate
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