Mastering Trend Signals with Laguerre_HTF_Signal for MetaTrader 5

The Laguerre_HTF_Signal indicator is a powerful tool for traders using MetaTrader 5, providing clear insights into trend direction and trading signals. This indicator is built on the ColorLaguerre framework, visually presenting trend indications or deal directions right on your chart.

When a trend persists at your selected bar, you’ll see an alert displayed as a filled right arrow. The color of this arrow reflects the direction of the trend, helping you make timely trading decisions.

Indicator Input Parameters

You can tweak the indicator's input parameters to customize the timeframe and financial asset for analysis. If the Symbol_ parameter is left blank, the indicator defaults to the current chart symbol.

Input parameters can be categorized into two main groups:

• ColorLaguerre Indicator Input Parameters:

  //+-----------------------------------+
  //|  Indicator input parameters       |
  //+-----------------------------------+
  input string Symbol_="";                   // Financial asset
  input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;  // Indicator timeframe for calculation
  input double gamma=0.7;                    // Sensitivity
  input int HighLevel=85;                    // Overbought level
  input int MiddleLevel=50;                  // Middle level
  input int LowLevel=15                     // Oversold level
          

• Laguerre_HTF_Signal Indicator Input Parameters:

  //---- indicator display settings
  input uint SignalBar=0;                        // Signal bar index, 0 is the current bar
  input string Symbols_Sirname="Laguerre_Label_";  // Indicator labels name
  input color UpSymbol_Color=Yellow;             // Growth symbol color
  input color DnSymbol_Color=Magenta;            // Decrease 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 shift of the name
  input int Y_1=-15                             // Vertical shift of the name
  input bool ShowIndName=true;                   // Display the indicator name
  input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Location corner
  input uint X_=0;                               // Horizontal shift
  input uint Y_=20                              // Vertical shift
          

If you're using multiple Laguerre_HTF_Signal indicators on a single chart, ensure that each one has a unique Symbols_Sirname value to avoid conflicts.

To get started, place the compiled ColorLaguerre.mq5 file into the terminal_data_folder/MQL5/Indicators/ directory.

When a trend shifts at your selected bar, the Laguerre_HTF_Signal will notify you with an arrow that indicates the new direction and color, corresponding to the proposed trading direction.

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