HTF Signal Indicator for Trend and Trade Signals
Info
The HTF Signal Indicator for Trend and Trade Signals is a Indicator for MetaTrader 5 that the htf signal indicator displays trend direction or trade signals generated by the indicator on a chosen bar as a graphic object with colored trend indication or trade direction. It also sends alerts or audio signals for market entry moments.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use HTF Signal Indicator for Trend and Trade Signals
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The HTF Signal Indicator displays trend direction or trade signals generated by the indicator on a chosen bar as a graphic object with colored trend indication or trade direction.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Trading Session Boxes Indicator for MT4/MT5 - another powerful indicator for MetaTrader 5 traders.
The HTF Signal Indicator displays trend direction or trade signals generated by the indicator on a chosen bar as a graphic object with colored trend indication or trade direction. It also sends alerts or audio signals for market entry moments.Also recommended: Line Master: Advanced Trend Lines with Change Signals - similar indicator with strong performance on MetaTrader 5.
If a trend continues at the selected bar, the indicator alerts with a graphic object resembling a steering wheel, colored according to the trend direction. If the trend changes at the selected bar, the indicator displays a diagonal arrow, with its color and direction corresponding to the trade direction.
All input parameters can be divided into three main groups:
Awesome Sign Indicator Input Parameters
HTF Signal Indicator Input Parameters for Visualization
HTF Signal Indicator Input Parameters for Alerts and Audio Signals
If multiple HTF Signal Indicators are used on the same chart, each must have a unique symbols_sirname (indicator label name) string variable value.
This indicator requires the compiled indicator file awesome_sign.mq5. Place it in
Figure 1. The HTF Signal Indicator showing a trend continuation signal.
Figure 2. The HTF Signal Indicator showing a trade signal.
You may also like: ICT Kill Zones Indicator: Asian, London, New York in New York Time (2026) - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.60"
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_plots 1
#define indicator_name "awesome" //
#define reset 0 //
#define names_symbols_font "georgia" //
#define signal_symbols_font "wingdings 3" // .......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.