Elliott_Wave_Oscillator_HTF_Signal – indicator MetaTrader 5

Elliott_Wave_Oscillator_HTF_Signal shows a trend direction or a signal for performing a deal generated by Elliott_Wave_Oscillator_Sign indicator at the chosen bar as a graphic object with colored trend indication or deal direction and sends alerts or audio signals in case of a market entry moment.

In case a trend continues at the selected bar, the indicator alerts by a graphic object in the form of the right arrow, the color of which corresponds to a trend direction. If the trend has changed at the selected bar, the indicator displays a diagonal arrow. Its color and direction correspond to the deal direction.

All input parameters can be divided into three large groups:

1. Input parameters of Elliott_Wave_Oscillator_Sign:

   //+------------------------------------------------+ 
   //|  Indicator input parameters                    |
   //+------------------------------------------------+ 
   input string Symbol_="";                               // Financial asset
   input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // Indicator timeframe for calculation
   input ENUM_MODE Mode=MODE1;                            // Signal defining algorithm
   input Smooth_Method MA_Method1=MODE_SMA_;              // Method of averaging of the first Moving Average
   input int Length1=5;                                   // Depth of the first Moving Average smoothing                   
   input int Phase1=15;                                   // Parameter of the first Moving Average,
   //---- for JJMA within the range of -100 ... +100 it influences the quality of the transition process;
   //---- for VIDIA it is a CMO period, for AMA it is a slow average period
   input Applied_price_ IPC1=PRICE_MEDIAN_;               // First MA price constant
   input Smooth_Method MA_Method2=MODE_JJMA;              // Second MA averaging method
   input int Length2=35;                                  // Depth of the second Moving Average smoothing
   input int Phase2=15;                                   // Parameter of the second MA,
   //---- for JJMA within the range of -100 ... +100 it influences the quality of the transition process;
   //---- for VIDIA it is a CMO period, for AMA it is a slow average period
   input Applied_price_ IPC2=PRICE_MEDIAN_;               // Second MA price constant
   

   
   
2. The input parameters of Elliott_Wave_Oscillator_HTF_Signal indicator required for the indicator visualization:

   //---- 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=clrPaleGreen;               // 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;                           // Display the indicator name
   input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Display corner
   input uint X_=0;                                       // Horizontal offset
   input uint Y_=20;                                      // Vertical offset
   

   
   
3. Input parameters of Elliott_Wave_Oscillator_HTF_Signal that are necessary for producing alerts and audio signals:
   

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

If several Elliott_Wave_Oscillator_HTF_Signal indicators are to be used on one chart, each of them should have its own Symbols_Sirname (indicator labels names) string variable value.

Place the indicator compiled file Elliott_Wave_Oscillator_Sign.mq5 to the terminal_data_folder\MQL5\Indicators\ of the client terminal.

Fig.1. Elliott_Wave_Oscillator_HTF_Signal. Signal of trend continuation

Fig.2. Elliott_Wave_Oscillator_HTF_Signal. Signal for a deal