METRO_XRSX_HTF_Signal - indicator for MetaTrader 5

METRO_XRSX_HTF_Signal shows a trend direction or a signal for performing a deal generated by METRO_XRSX_Sign 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 a steering wheel, the color of which corresponds to a trend direction. If the trend has changed at the selected bar, the indicator displays a diagonal arrow. Its color and direction correspond to the deal direction.

All input parameters can be divided into three large groups:

1. METRO_XRSX_Sign indicator input parameters:
   

   //+------------------------------------------------+ 
   //| Indicator input parameters                     |
   //+------------------------------------------------+ 
   input string Symbol_="";                               // Financial asset
   input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // Indicator timeframe for calculation
   input Smooth_Method DSmoothMethod=MODE_JJMA;           // Price smoothing method
   input int DPeriod=15;                                  // Moving average period
   input int DPhase=100;                                  // Averaging parameter of the moving average
   //---- for JJMA within the range of -100 ... +100 it influences the quality of the transition process;
   //---- for VIDIA it is a CMO period, for AMA it is a slow average period
   input Smooth_Method SSmoothMethod=MODE_JurX;           // signal line smoothing method
   input int SPeriod=7;                                   // Signal line period
   input int SPhase=100;                                  // Signal line parameter
   //---- for JJMA within the range of -100 ... +100 it influences the quality of the transition process;
   //---- for VIDIA it is a CMO period, for AMA it is a slow average period
   input Applied_price_ IPC=PRICE_CLOSE;                  // Price constant
   input int StepSizeFast=5;                              // Fast step
   input int StepSizeSlow=15;                             // Slow step
   

   
   
2. METRO_XRSX_HTF_Signal indicator input parameters that are necessary for the indicator visualization:
   

   //---- indicator display settings
   input uint SignalBar=0;                                // Bar number for getting a signal (0 - current bar)
   input string Symbols_Sirname=INDICATOR_NAME"_Label_";  // Indicator labels names
   input color Upsymbol_Color=clrDodgerBlue;              // Uptrend symbol color
   input color Dnsymbol_Color=clrMagenta;                 // Downtrend symbol color
   input color IndName_Color=clrDarkOrchid;               // 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 name offset
   input int Y_1=-15;                                     // Vertical name offset
   input bool ShowIndName=true;                           // Indicator name display
   input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Display corner
   input uint X_=0;                                       // Horizontal offset
   input uint Y_=20;                                      // Vertical offset
   

3. Input parameters of the METRO_XRSX_HTF_Signal indicator that are necessary for producing alerts and audio signals:
   

   //---- alerts settings
   input ENUM_ALERT_MODE alert_mode=OnlySound;  // Indication trigger option
   input uint AlertCount=0;                     // Number of alerts
   

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

Place METRO_XRSX_Sign.mq5 and XRSX.mq5 compiled indicator files to the <terminal_data_folder>\MQL5\Indicators\.

Figure 1. The METRO_XRSX_HTF_Signal indicator A signal of trend continuation

Fig. 2. The METRO_XRSX_HTF_Signal indicator Signal for trade