AroonHorn_HTF_Signal - indicator for MetaTrader 5

AroonHorn_HTF_Signal shows a trend direction or a signal for performing a deal generated by AroonHornSign 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. 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. Input parameters of AroonHornSign:

   //+------------------------------------------------+ 
   //|  Indicator input parameters                    |
   //+------------------------------------------------+ 
   input string Symbol_="";                               // Financial asset
   input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // Indicator timeframe for calculation
   input uint AroonPeriod= 9; // Indicator period 
   

   
   
2. The input parameters of AroonHorn_HTF_Signal indicator required 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=clrLimeGreen;               // Uptrend symbol color
   input color Dnsymbol_Color=clrCrimson;                 // 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;                           // Display the indicator name
   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 AroonHorn_HTF_Signal indicator that are necessary for producing alerts and audio signals:
   

   //---- alerts settings
   input ENUM_ALERT_MODE alert_mode=OnlySound;  // Indicator triggering option
   input uint AlertCount=0;                     // Number of generated alerts
   

If several AroonHorn_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 the indicator compiled file AroonHornSign.mq5 to the terminal_data_folder\MQL5\Indicators\ of the client terminal.

Fig.1. AroonHorn_HTF_Signal. Signal of trend continuation

Fig.2. AroonHorn_HTF_Signal. Signal for a deal