MAMA_HTF_Signal: Your Go-To Indicator for Trend Analysis in MetaTrader 5

The MAMA_HTF_Signal indicator is a powerful tool that helps traders identify trend directions or signals generated by the MAMASign indicator. It presents this information visually with colored arrows that indicate the current trend or potential trade direction. Plus, it can alert you with sound notifications when conditions change.

When the trend continues at the selected bar, you'll see a right arrow appear, with its color reflecting the trend direction. Conversely, if the trend shifts, an arrow will show up, indicating the new direction of the trade.

Understanding the Input Parameters

There are three main categories of input parameters to get familiar with:

MAMASign Input Parameters:

input string Symbol_="";                             // Financial instrument
input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;           // Indicator timeframe for calculation
input double FastLimit = 0.5;
input double SlowLimit = 0.05;
input double Applied_price_ IPC=PRICE_CLOSE_;               // Price constant

Visualization Parameters for MAMA_HTF_Signal:

//---- Indicator visualization settings
input uint SignalBar=0;                               // Bar number for getting a signal (0 is the current bar)
input string Symbols_Sirname=INDICATOR_NAME"_Label_"; // Indicator labels names
input color UpSymol_Color=Lime;                       // Uptrend symbol color
input color DnSymol_Color=Magenta;                    // Downtrend 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 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;// The corner in which to display the symbol
input uint X_=0;                                      // Horizontal offset
input uint Y_=20;                                     // Vertical offset

Alert and Audio Signal Settings:

//---- Alerts settings
input ENUM_ALERT_MODE alert_mode=OnlySound;  // Option of triggering the indication
input uint AlertCount=0;                     // The number of alerts

If you plan on using multiple MAMA_HTF_Signal indicators on one chart, make sure each has a unique Symbols_Sirname (indicator label names) to avoid confusion.

To get started, simply place the compiled indicator file, MAMASign.mq5, into your <terminal_data_folder>\MQL5\Indicators\ directory.

Fig. 1. The MAMA_HTF_Signal indicator. A signal of trend continuation

Fig. 2. The MAMA_HTF_Signal indicator. A signal for a deal

MAMA_HTF_Signal: Your Go-To Indicator for Trend Analysis in MetaTrader 5

Understanding the Input Parameters

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