Maximize Your Trading with HighsLows_HTF_Signal for MetaTrader 5

The HighsLows_HTF_Signal indicator is a fantastic tool designed for MetaTrader 5, giving you clear insights into market trends and potential trading signals. This indicator visually represents trend directions and trade signals as graphic objects, with color-coded alerts that help you pinpoint the perfect moments to enter the market.

When a trend continues at the selected bar, you’ll get a visual cue in the form of a right arrow, with a color that indicates the trend direction. Conversely, if a trend shifts, the arrow will change color and direction to reflect the new trade signal, making it easier to stay on top of market movements.

Let’s break down the input parameters for the HighsLows_HTF_Signal indicator, which can be grouped into three main categories:

• Input Parameters for HighsLowsSignal:

  //+------------------------------------------------+ 
  //|  Indicator input parameters                    |
  //+------------------------------------------------+ 
  input string Symbol_="";                               // A financial asset
  input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // Timeframe for indicator calculations
  input uint HowManyCandles=3;                           // Number of candlesticks for price direction

• Visualization Parameters:

  //---- Visual settings
  input uint SignalBar=0;                                // Bar number to get a signal (0 - current bar)
  input string Symbols_Sirname=INDICATOR_NAME"_Label_";  // Indicator label names
  input color Upsymbol_Color=clrDodgerBlue;              // Color for upward signals
  input color Dnsymbol_Color=clrMagenta;                 // Color for downward signals
  input color IndName_Color=clrDarkOrchid;               // Color for indicator name
  input uint Symbols_Size=60;                            // Size of the signal symbols
  input uint Font_Size=10;                               // Font size for the indicator name
  input int X_1=5;                                       // Horizontal shift for the name
  input int Y_1=-15;                                     // Vertical shift for the name
  input bool ShowIndName=true;                           // Display the indicator name
  input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Position corner
  input uint X_=0;                                       // Horizontal shift
  input uint Y_=20;                                      // Vertical shift

• Alert Settings:

  //---- Alert settings
  input ENUM_ALERT_MODE alert_mode=OnlySound;  // Alert triggering options
  input uint AlertCount=0;                 // Number of alerts to be produced

• When you’re using multiple HighsLows_HTF_Signal indicators on a single chart, make sure each one has its own unique Symbols_Sirname value for the indicator labels.

To get started, ensure you have the compiled HighsLowsSignal.mq5 file in your trading terminal. You’ll find it in terminal_data_folder/MQL5/Indicators/.

Figure 1. Indicator HighsLows_HTF_Signal. Sell Signal

Figure 2. Indicator HighsLows_HTF_Signal. Signal of Continuation of an Uptrend

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