Leading_HTF_Signal – indicator MetaTrader 5

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

If the trend continues at the selected bar, the indicator displays a right arrow. Its color corresponds to the trend direction. If the trend has changed at the selected bar, the indicator displays an arrow. Its color and direction correspond to the deal direction.

All input parameters can be divided into three large groups:

1. The LeadingSign input parameters:
   

   input string Symbol_="";                              // Financial asset
   input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;            // Indicator timeframe for calculation
   input double Alpha1 = 0.25;                           // Indicator coefficient 1
   input double Alpha2 = 0.33;                           // Indicator coefficient 2

2. The input parameters of Leading_HTF_Signal required to visualize the indicator:
   

   //---- Indicator visualization settings
   input uint SignalBar=0;                               // Bar number for getting a signal (0 is a current bar)
   input string Symbols_Sirname=INDICATOR_NAME"_Label_"; // Indicator labels names
   input color UpSymol_Color=Lime;                       // Uptrend symbol color
   input color DnSymol_Color=Magenta;                    // Downtrend symbol color
   input color IndName_Color=DarkOrchid;                 // 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;                          // Displaying the indicator name
   input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER;// The corner in which to display the symbol
   input uint X_=0;                                      // Horizontal offset
   input uint Y_=20;                                     // Vertical offset
   

3. The Leading_HTF_Signal indicator input parameters required for triggering alerts and audio signals:
   

   //---- Alerts settings
   input ENUM_ALERT_MODE alert_mode=OnlySound;  // Option of triggering the indication
   input uint AlertCount=0;                     // The number of alerts

If several Leading_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 compiled indicator file LeadingSign.mq5 to <terminal_data_folder>\MQL5\Indicators\.

Fig. 1. The Leading_HTF_Signal indicator. A signal of trend continuation

Fig. 2. The Leading_HTF_Signal indicator. A signal for a deal