Slow-Stoch_HTF_Signal – indicator MetaTrader 5

Slow-Stoch_HTF_Signal shows information about trend direction based on the data of the Slow-Stoch indicator on a selected bar as a graphic object with a colored indication of trend or deal direction and generates alerts or audio signals and sends push notifications on the smartphone if signal to conduct a deal appears.

The indicator sends alerts and push notifications only if the value of the input parameter:

input uint SignalBar=0;   // The bar number for receiving a signal (0 - current bar)

is greater than one. For the zero bar sound signals and Push-notifications are useless because the signal of the indicator on the zero bar can change and disappear!

All input parameters can be divided into three large groups:

1. Input parameters of Slow-Stoch:
   

   input string Symbol_="";                        // Symbol
   input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;      // Timeframe for indicator calculation
   
   input uint KPeriod=5;
   input uint DPeriod=3;
   input uint Slowing=3;
   input ENUM_MA_METHOD STO_Method=MODE_SMA;
   input ENUM_STO_PRICE Price_field=STO_LOWHIGH;
   input Smooth_Method XMA_Method=MODE_JJMA;       // Method of averaging
   input uint XLength=5;                           // Depth of smoothing                    
   input int XPhase=15;                            // Smoothing parameter
   //---- for JJMA it varies within the range -100 ... +100, and influences the quality of the transient process;
   //---- for VIDIA it is a period of CMO, for AMA it is a period of slow moving average

2. The input parameters of the Slow-StochI_HTF_Signal indicator required for the indicator visualization:
   

   //---- indicator display settings
   input uint SignalBar=0;                                 // Bar number to get a signal (0 - current bar)
   input string Symbols_Sirname=INDICATOR_NAME"_Label_";   // Names of the indicator labels
   input color UpSymol_Color=Lime;                         // Color of the growth symbol
   input color DnSymol_Color=Magenta;                      // Color of the down symbol
   input color IndName_Color=DarkOrchid;                   // Color of the indicator name
   input uint Symbols_Size=60;                             // Size of the indicator symbols
   input uint Font_Size=10;                                // Indicator name font size
   input int X_1=5;                                        // Horizontal shift of the name
   input int Y_1=-15;                                      // Vertical shift of the name
   input bool ShowIndName=true;                            // Display of the indicator name
   input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER;  // Location corner
   input uint X_=0;                                        // Horizontal shift
   input uint Y_=20;                                       // Vertical shift
   

3. Input parameters of the Slow-Stoch_HTF_Signal indicator that are necessary for generating alerts and audio signals:
   

   //---- Settings of alerts
   input ENUM_ALERT_MODE alert_mode=OnlySound;  // Option of triggering indication
   input bool Push=true;                        // Allow push notifications
   input uint AlertCount=0;                     // Number of produced alerts

In case several Slow-Stoch_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.

The indicator requires the compiled indicator file Slow-Stoch.mq5 for operation. Place it to terminal_data_folder\MQL5\Indicators\.

Figure 1 A signal of trend continuation based on the data of the Slow-Stoch_HTF_Signal indicator

Figure 2. A signal to open a position based on the data of Slow-Stoch_HTF_Signal