If you're looking to sharpen your trading strategy, the iStochKomposter_HTF_Signal indicator is a tool you won't want to overlook. This nifty addition to your MetaTrader 5 platform visually represents trend directions and trading signals generated by the iStochKomposter indicator. With color-coded trends and deal direction indicators, it's designed to keep you one step ahead.
When the trend holds steady at your chosen bar, this indicator will alert you with a graphic representation—a right-facing arrow whose color indicates the trend direction. Should the trend shift, you'll see a diagonal arrow, with its hue and orientation reflecting the new deal direction.
Understanding the Input Parameters
To get the most out of the iStochKomposter_HTF_Signal, you’ll want to familiarize yourself with its input parameters, which can be divided into three main categories:
- iStochKomposter Indicator Parameters: These parameters are essential for the iStochKomposter indicator's functionality.
- Visualization Parameters: These settings are crucial for how the indicator displays signals on your chart.
- Alert and Audio Settings: Configure how and when you receive alerts and audio signals.
1. iStochKomposter Indicator Parameters
//+-------------------------------------------------+ //| Indicator input parameters | //+-------------------------------------------------+ string Symbol_=""; // Financial asset ENUM_TIMEFRAMES Timeframe=PERIOD_H4; // Calculation timeframe uint ATR_Period=14; uint KPeriod=5; uint DPeriod=3; uint Slowing=3; ENUM_MA_METHOD STO_Method=MODE_SMA; ENUM_STO_PRICE Price_field=STO_LOWHIGH; uint UpLevel=70; // Overbought level uint DnLevel=30; // Oversold level
2. Visualization Parameters
//---- Indicator display settings
uint SignalBar=0; // Bar number for getting a signal (0 - current bar)
string Symbols_Sirname=INDICATOR_NAME"_Label_"; // Indicator labels names
color Upsymbol_Color=clrDodgerBlue; // Uptrend symbol color
color Dnsymbol_Color=clrDeepPink; // Downtrend symbol color
color IndName_Color=clrDarkOrchid; // Indicator name color
uint Symbols_Size=60; // Signal symbols size
uint Font_Size=10; // Indicator name font size
int X_1=5; // Horizontal name offset
int Y_1=-15; // Vertical name offset
bool ShowIndName=true; // Indicator name display
ENUM_BASE_CORNER WhatCorner=CORNER_RIGHT_UPPER; // Corner to display a symbol
uint X_=0; // Horizontal offset
uint Y_=20; // Vertical offset
3. Alert and Audio Settings
//---- Alert Settings
ENUM_ALERT_MODE alert_mode=OnlySound; // Indicator triggering option
uint AlertCount=0; // Number of alerts
If you're planning to use multiple iStochKomposter_HTF_Signal indicators on the same chart, remember that each needs a unique value for the Symbols_Sirname parameter to avoid any confusion.
To use this indicator, ensure you have the compiled iStochKomposter.mq5 file saved in your <terminal_data_folder>\MQL5\Indicators\ directory.
Fig.1. iStochKomposter_HTF_Signal. Signal of trend continuation
Fig.2. The iStochKomposter_HTF_Signal indicator. Signal for a deal
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