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the20sv0.20
Info
The the20sv0.20 is a Indicator for MetaTrader 5 that the semaphore trend signal indicator. This indicator uses the size of the previous bar's candlestick and its maximum deviation for high and low in a distance defined by the indicator's input parameter value.
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 the20sv0.20
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 semaphore trend signal indicator.
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: volume weighted line chart with smoothing - another powerful indicator for MetaTrader 5 traders.
The semaphore trend signal indicator.This indicator uses the size of the previous bar's candlestick and its maximum deviation for high and low in a distance defined by the indicator's input parameter value. This calculation is performed on the current bar.
Also recommended: adx vma trend - similar indicator with strong performance on MetaTrader 5.
The indicator's input variable helps define the moments of triggering one of the two calculation algorithms.
It was first implemented in MQL4 and published in 2026.
Fig.1: the20sv0.20 indicator
Source Code
/*
* this ea has 2 main parts.
* variation=false
* if previous bar opens in the lower 20% of its range and closes in the upper 20% of its range then sell on previous high+10pips.
* if previous bar opens in the upper 20% of its range and closes in the lower 20% of its range then buy on previous low-10pips.
* variation=true
* the previous bar is an inside bar that has a smaller range than the 3 bars before it.
* if todays bar opens in the lower 20% of yesterdays range then buy.
* if todays bar opens in the upper 20% of yesterdays range then sell.
*/.......
⚠ 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.