ki signals
Info
The ki signals is a Indicator for MetaTrader 5 that the indicator receives trade signals from the histogram. depending on the value of the input parameter:input enum_applied_mode_ mode=cross; //trading signal variants three variants of trading signals are possible:change of the histogram direction; change of the signal line direction; intersection of the histogram and the signal line.
Usage
This tool is typically used for enhancing chart analysis and decision making.
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 ki 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 indicator receives trade signals from the histogram.
Typical Use Case
This Indicator excels in automated trading and technical analysis 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: Bands Stoch RSI Extreme Reversal Signals - another powerful indicator for MetaTrader 5 traders.
the indicator receives trade signals from the histogram.
Also recommended: Channel Sun Signals Indicator - similar indicator with strong performance on MetaTrader 5.
depending on the value of the input parameter:input enum_applied_mode_ mode=cross; //trading signal variants
three variants of trading signals are possible:
change of the histogram direction;
change of the signal line direction;
intersection of the histogram and the signal line.
the indicator is presented as colored candlesticks. the color is bright if a candlestick goes in trend direction, and is pale if against the trend.
the indicator uses smoothalgorithms.mqh library classes (copy it to <terminal_data_folder>\mql5\include). the use of the classes was described in detail in the article .
fig1. indicator ki_signals
You may also like: geometric signal validation for indicator signals - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.