The AroonHorn_HTF_Signal is a powerful tool for traders using MetaTrader 5, helping you identify trend directions and making informed trading decisions. This indicator works by generating signals based on the AroonHornSign and visually represents these signals on your chart, complete with alerts and audio notifications when it’s time to make a move in the market.
When a trend is ongoing at the selected bar, the indicator displays a right arrow, with its color indicating the trend direction. If the trend shifts, you’ll see a diagonal arrow that reflects the new trading direction.
Key Input Parameters
All input parameters for the AroonHorn_HTF_Signal can be categorized into three main groups:
- AroonHornSign Input Parameters:
//+------------------------------------------------+//| Indicator Input Parameters |//+------------------------------------------------+inputstring Symbol_=""; // Financial assetinputENUM_TIMEFRAMES Timeframe=PERIOD_H6; // Indicator timeframe for calculationinputuint AroonPeriod= 9; // Indicator period
- Visualization Parameters:
//---- Indicator Display Settingsinputuint SignalBar=0; // Bar number for getting a signal (0 - current bar)inputstring Symbols_Sirname=INDICATOR_NAME"_Label_"; // Indicator label namesinputcolor Upsymbol_Color=clrLimeGreen; // Uptrend symbol colorinputcolor Dnsymbol_Color=clrCrimson; // Downtrend symbol colorinputcolor IndName_Color=clrDarkOrchid; // Indicator name colorinputuint Symbols_Size=60; // Signal symbols sizeinputuint Font_Size=10; // Indicator name font sizeinputint X_1=5; // Horizontal name offsetinputint Y_1=-15; // Vertical name offsetinputbool ShowIndName=true; // Display the indicator nameinputENUM_BASE_CORNER WhatCorner=CORNER_RIGHT_UPPER; // Display cornerinputuint X_=0; // Horizontal offsetinputuint Y_=20; // Vertical offset
- Alert and Notification Settings:
//---- Alerts Settingsinput ENUM_ALERT_MODE alert_mode=OnlySound; // Indicator triggering optioninputuint AlertCount=0; // Number of generated alerts
If you’re using multiple AroonHorn_HTF_Signal indicators on one chart, make sure each has its own Symbols_Sirname (indicator label name) to avoid any mix-ups.
To get started, you’ll need to place the compiled file AroonHornSign.mq5 into the terminal_data_folder/MQL5/Indicators/ directory of your trading platform.
Fig.1. AroonHorn_HTF_Signal. Signal of trend continuation
Fig.2. AroonHorn_HTF_Signal. Signal for a deal
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