WATR_HTF_Signal – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • The WATR_HTF_Signal indicator shows a trend direction or a trade signal generated by the WATR 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 a diagonal arrow. Its color and direction correspond to the deal direction.

    All input parameters can be divided into three large groups:

    1. WATR indicator input parameters:

      //+------------------------------------------------+ 
      //|  Indicator input parameters                    |
      //+------------------------------------------------+ 
      input string Symbol_="";                               // Financial asset
      input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // Indicator timeframe for calculation
      input uint    WATR_K = 10;
      input double WATR_M = 4.0;
      input uint    ATR=21;
      
    2. Input parameters of the WATR_HTF_Signal indicator required for the indicator visualization:

      //---- indicator display settings
      input uint SignalBar=0;                                // Bar number for getting a signal (0 - current bar)
      input string Symbols_Sirname=INDICATOR_NAME"_Label_";  // Indicator labels names
      input color Upsymbol_Color=clrAqua;                    // Uptrend symbol color
      input color Dnsymbol_Color=clrMagenta;                 // Downtrend symbol color
      input color IndName_Color=clrGray;                     // 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;                           // Indicator name display
      input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Display corner
      input uint X_=0;                                       // Horizontal offset
      input uint Y_=20;                                      // Vertical offset
      
    3. Input parameters of the WATR_HTF_Signal indicator that are necessary for generating alerts and audio signals:

      //---- alerts settings
      input ENUM_ALERT_MODE alert_mode=OnlySound;  // Indicator triggering option
      input uint AlertCount=0;                     // Number of alerts
      

    If several WATR_HTF_Signal indicators are to be used on one chart, each of them should have its own value of the Symbols_Sirname string variable (the names of indicator labels).

    Place the compiled indicator file WATR.mq5 to terminal_data_folder\MQL5\Indicators\.

    Fig1. The WATR_HTF_Signal indicator. A signal of uptrend continuation

    Fig1. The WATR_HTF_Signal indicator. A signal of uptrend continuation

    Fig.2. The WATR_HTF_Signal indicator. A signal for opening a short position

    Fig.2. The WATR_HTF_Signal indicator. A signal for opening a short position

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window