Explore the latest free tools from the MQL5 community. Here's a new indicator, expert advisor, or script for MetaTrader.
Real author:
Robert Hill
A semaphore signal indicator determining the moments of a directional price change on several bars, the number of bars is specified in the indicator input parameters:
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//+----------------------------------------------+ //| Indicator input parameters | //+----------------------------------------------+ input uint HowManyCandles=3; // The number of candlesticks of a directed price change
Both High and Low of a candlestick series are used in the analysis.
This indicator was first implemented in MQL4 and published in CodeBase at mql4.com on 14.09.2007.
Figure 1. The HighsLowsSignal indicator
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