Unlock Trading Success with the METRO_HTF_Signal Indicator for MetaTrader 5

The METRO_HTF_Signal indicator is your go-to tool for identifying trend directions and trade signals right within MetaTrader 5. This handy indicator presents signals as graphic objects with color-coded indicators, making it easy to spot potential trading opportunities. Plus, it sends alerts and sound notifications when there are trade signals to consider.

When the trend is on the rise at your selected bar, the indicator will show a round steering wheel graphic that matches the trend's color. Conversely, if the trend shifts, a diagonal arrow will appear, indicating the new trade direction.

Input Parameters Breakdown

All input parameters for the METRO_HTF_Signal can be categorized into three main groups:

• METRO_Sign Indicator Parameters:
  

  //+------------------------------------------------+
  //|  Indicator input parameters                      |
  //+------------------------------------------------+
  input string Symbol_=""; // Financial asset
  input ENUM_TIMEFRAMES Timeframe=PERIOD_H6; // Indicator timeframe for calculation
  input uint PeriodRSI=7; // Indicator period
  input uint StepSizeFast=5; // Fast step
  input uint StepSizeSlow=15; // Slow step
  

• 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=clrBlue; // 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
  

• Alert and Audio Settings:
  

  //---- alerts settings
  input ENUM_ALERT_MODE alert_mode=OnlySound; // Triggering indication option
  input uint AlertCount=0; // Number of generated alerts
  

If you plan on using multiple METRO_HTF_Signal indicators on the same chart, ensure each one has a unique Symbols_Sirname value for the indicator labels.

This indicator relies on the compiled METRO_Sign.mq5 file, which you need to place in your <terminal_data_folder>\MQL5\Indicators\.

Figure 1. The METRO_HTF_Signal indicator A signal of trend continuation

Fig. 2. The METRO_HTF_Signal indicator Signal for trade

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