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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