iWPRSign_HTF_Signal – indicator MetaTrader 5

The iWPRSign_HTF_Signal indicator shows a trend direction or a signal generated by the iWPRSign indicator at the chosen bar as a graphical object with colored trend indication or deal direction. It also triggers alerts and plays audio signals.

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 the iWPRSign indicator:

   //+------------------------------------------------+ 
   //|  Indicator input parameters                    |
   //+------------------------------------------------+ 
   input string Symbol_="";                               // Financial asset
   input ENUM_TIMEFRAMES Timeframe=PERIOD_H4;             // Indicator timeframe for calculation
   uint ATR_Period=14;
   input uint WPRPeriod=14;
   input int UpLevel=-30; //overbought level
   input int DnLevel=-70; //oversold level
   

   
   
2. iWPRSign_HTF_Signal indicator input parameters that are necessary 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=clrMediumSeaGreen;          // Uptrend symbol color
   input color Dnsymbol_Color=clrIndianRed;               // 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; // Corner to display a symbol
   input uint X_=0;                                       // Horizontal offset
   input uint Y_=20;                                      // Vertical offset
   

   
   
3. Input parameters of the iWPRSign_HTF_Signal indicator that are necessary for producing alerts and audio signals:
   

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

If several iWPRSign_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.

This indicator requires the compiled indicator file iWPRSign.mq5. Place it in <terminal_data_folder>\MQL5\Indicators\.

Fig.1. iWPRSign_HTF_Signal. Signal of trend continuation

Fig.2. The iWPRSign_HTF_Signal indicator. Signal for a deal