Parabolic_HTF_Signal – indicator for MetaTrader 5


Parabolic_HTF_Signal shows a trend direction or a signal for performing a deal generated by Color_Parabolic 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 filled circle, 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. Color_Parabolic indicator input parameters:
    input string Symbol_="";                  // Financial asset
    input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;// Indicator calculation timeframe
    input double Step=0.02;                   // Step
    input double Maximum=0.2;                 // Maximum
  2. Parabolic_HTF_Signal indicator input parameters that are necessary for the indicator visualization:
    //---- indicator display settings
    input uint SignalBar=0;                          // Signal bar index, 0 is a current bar
    input string Symbols_Sirname="Parabolic_Label_"; // Indicator labels names
    input color Up1Symbol_Color=BlueViolet;          // Symbol color for long
    input color UpSymbol_Color=MediumBlue;           // Growth symbol color
    input color DnSymbol_Color=Red;                  // Downfall symbol color
    input color Dn1Symbol_Color=DeepPink;            // Symbol color for short
    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. Parabolic_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 Parabolic_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 Color_Parabolic.mq5 indicator compiled file to the terminal_data_folder\MQL5\Indicators.

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Parabolic_HTF_Signal – indicator for MetaTrader 5

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