Mastering the HullTrend_HTF_Signal Indicator for MetaTrader 5

If you're looking to enhance your trading strategy, the HullTrend_HTF_Signal indicator is a fantastic tool to consider. This indicator visually represents trend direction, providing you with clear signals generated by the HullTrendSign indicator on your chosen bar. It’s not just about visuals; it also triggers alerts and plays audio signals, making it an invaluable addition to your trading toolkit.

When the trend continues at the selected bar, you'll see a right arrow appear. The color of this arrow indicates the trend direction. Conversely, if there’s a trend change, a diagonal arrow will show up, with its color and direction reflecting the deal direction. This visual cue can help you make quick decisions while trading.

Let’s break down the input parameters into three main categories:

The HullTrendSign Input Parameters:

input string Symbol_="";                               // Financial asset
input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // Indicator timeframe for calculation

input uint XLength=20;                                 // Indicator period
input Applied_price_ IPC=PRICE_CLOSE;                  // Indicator price
input Smooth_Method XMA_Method=MODE_LWMA;              // Method of averaging
input int XPhase=15;                                   // Averaging parameter
//--- XPhase: for JJMA it varies within the range -100 ... +100 and influences the quality of the transient period;
input uint XLength1=5;                                 // Smoothing period
input Smooth_Method XMA_Method1=MODE_JJMA;             // Method of smoothing
input int XPhase1=100;                                 // Smoothing parameter
//--- XPhase: for JJMA it varies within the range -100 ... +100 and influences the quality of the transient period;

Indicator Visualization Parameters:

//---- 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=clrBlueViolet;              // 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

Alert and Audio Signal Settings:

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

If you plan to use multiple HullTrend_HTF_Signal indicators on the same chart, make sure each one has its own unique Symbols_Sirname (indicator labels names) to avoid confusion.

Keep in mind that this indicator requires the compiled file HullTrendSign.mq5. Make sure to place it in your <terminal_data_folder>\MQL5\Indicators\.

Fig.1. HullTrend_HTF_Signal. Signal of trend continuation

Fig.2. The HullTrend_HTF_Signal indicator Signal for a deal

Fig.2. The HullTrend_HTF_Signal indicator. Signal for a deal

Mastering the HullTrend_HTF_Signal Indicator for MetaTrader 5

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