Unlock Trading Success with the ForexOFFTrend_HTF_Signal for MetaTrader 5

If you're looking to get a solid grip on market trends, the ForexOFFTrend_HTF_Signal indicator for MetaTrader 5 is your go-to tool. This nifty indicator not only shows the trend direction, but it also generates signals based on the ForexOFFTrendSign indicator at the selected bar. It presents this information visually with color-coded trend indications and also comes equipped with alert features.

When the trend is steady at your chosen bar, you'll see a right arrow displayed. The color of this arrow corresponds to the trend's direction. If there's a shift in the trend, a diagonal arrow appears, with its color and direction indicating the new deal direction.

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

ForexOFFTrendSign Input Parameters:

input string Symbol_="";  // Financial asset
input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;  // Indicator timeframe for calculation
input uint SSP = 7;  // Period of finding extreme points
input uint KPer = 7;  // Period of signal envelop shift
input double Kmax = 50.6;

ForexOFFTrend_HTF_Signal 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=clrLimeGreen;  // Uptrend symbol color
input color Dnsymbol_Color=clrDeepPink;  // 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

ForexOFFTrend_HTF_Signal Alert and Audio Signal Parameters:

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

If you’re planning to use multiple ForexOFFTrend_HTF_Signal indicators on one chart, make sure each one has its own Symbols_Sirname value to avoid any mix-ups.

Don’t forget, this indicator requires the compiled file ForexOFFTrendSign.mq5. You can find it in your <terminal_data_folder>\MQL5\Indicators\ directory.

Fig.1. ForexOFFTrend_HTF_Signal. Signal of trend continuation

Fig.2. The ForexOFFTrend_HTF_Signal indicator Signal for a deal

Fig.2. ForexOFFTrend_HTF_Signal. Signal for a deal

Unlock Trading Success with the ForexOFFTrend_HTF_Signal for MetaTrader 5

Related Posts