Understanding the NRTR_extr_HTF_Signal Indicator
The NRTR_extr_HTF_Signal indicator is a powerful tool for traders using MetaTrader 5. It helps identify trend directions and generates signals for potential trades, all presented as a graphic object on your chart. This indicator leverages the NRTR_extr_Sign at your chosen bar, providing clear visual cues and alerts when it's time to enter the market.
When the trend continues at the selected bar, you’ll see a right arrow indicating the direction of the trend, colored to match the trend's behavior. Conversely, if the trend changes, a diagonal arrow will pop up, aligning its color and direction with the new trade opportunity.
Input Parameters Overview
There are three main groups of input parameters you should be aware of:
- NRTR_extr_Sign Input Parameters:
input string Symbol_ = ""; // Financial asset input ENUM_TIMEFRAMES Timeframe = PERIOD_H6; // Timeframe for calculations input uint iPeriod = 10; // Indicator period input int iDig = 0; // Digits
- Visualization Settings:
input uint SignalBar = 0; // Bar number for signal (0 - current bar) input string Symbols_Sirname = INDICATOR_NAME "_Label_"; // Indicator label names input color Upsymbol_Color = clrDodgerBlue; // Uptrend symbol color input color Dnsymbol_Color = clrMagenta; // Downtrend symbol color input uint Symbols_Size = 60; // Size of signal symbols input uint Font_Size = 10; // Font size for indicator name
- Alerts and Audio Signals:
input ENUM_ALERT_MODE alert_mode = OnlySound; // Triggering option for alerts input uint AlertCount = 0; // Number of alerts generated
If you're planning to use multiple NRTR_extr_HTF_Signal indicators on a single chart, make sure each one has a unique Symbols_Sirname to avoid any conflicts.
To get started, place the compiled file NRTR_extr_Sign.mq5 into the terminal_data_folder\MQL5\Indicators\ directory of your trading terminal.
Visual Examples
Fig.1. NRTR_extr_HTF_Signal. Signal of trend continuation
Fig.2. NRTR_extr_HTF_Signal. Signal for a deal
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