LinearRegSlope V1 HTF Signal – Indicator for MetaTrader 5

LinearRegSlope_V1_HTF_Signal shows a trend direction or a signal for performing a deal generated by LinearRegSlope_V1 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 triangle with the vertex pointing to the right, the color of which corresponds to a trend direction. In case a trend has changed at the selected bar, the indicator alerts by the arrow, color and direction of which correspond to a performed deal direction.

All input parameters can be divided into three large groups:

1. LinearRegSlope_V1 indicator input parameters:

   //+------------------------------------------------+ 
   //|  Indicator input parameters                    |
   //+------------------------------------------------+ 
   input string Symbol_="";                  // Financial asset
   input ENUM_TIMEFRAMES Timeframe=PERIOD_H6; // Indicator timeframe for the indicator calculation
   
   input Smooth_Method SlMethod=MODE_SMA;   // Smoothing method
   input int SlLength=12;                   // Smoothing depth
   input int SlPhase=15;                    // Smoothing parameter
   input Applied_price_ IPC=PRICE_CLOSE;    // Price constant
   input uint TriggerShift=1;               // Bar shift for the trigger

2. Входные параметры индикатора LinearRegSlope_V1_HTF_Signal, которые необходимы для визуального отображения индикатора:

   //---- indicator display settings
   input uint SignalBar=0;                              // Signal bar index, 0 is a current bar
   input string Symbols_Sirname=INDICATOR_NAME"_Label_"; // Indicator labels name
   input color UpSymol_Color=Blue;                      // Growth symbol color
   input color DnSymol_Color=HotPink;                   // Downfall 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 shift of the name
   input int Y_1=-15;                                   // Vertical shift of the name
   input bool ShowIndName=true;                         // Indicator name display
   input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER;   // Location corner
   input uint X_=0;                                     // Horizontal shift
   input uint Y_=20;                                    // Vertical shift
   

3. LinearRegSlope_V1_HTF_Signal indicator input parameters that are necessary for triggering alerts and audio signals:

   //---- alerts settings
   input ENUM_ALERT_MODE alert_mode=OnlySound; // Actuation indication version
   input uint AlertCount=0;                     // Number of submitted alerts

In case several LinearRegSlope_V1_HTF_Signal indicators are to be used on one chart, each of them should have its own Symbols_Sirname (indicators labels names) string variable value.

Place the LinearRegSlope_V1 indicator compiled file to the terminal_data_folder\MQL5\Indicators\.

The indicators use SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

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