Trend Arrows HTF Signal
Info
The Trend Arrows HTF Signal is a Indicator for MetaTrader 5 that the trend_arrow_htf_signal indicator provides visual cues and alerts for market entry moments, displaying trend direction or deal signals as graphic objects. When a trend persists at the selected bar, the indicator shows a right arrow with a color indicating the trend direction.
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 Trend Arrows HTF Signal
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 trend_arrow_htf_signal indicator provides visual cues and alerts for market entry moments, displaying trend direction or deal signals as graphic objects.
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: ADX Auto Range: Automated Trend Strength and Consolidation Detection - another powerful indicator for MetaTrader 5 traders.
The trend_arrow_htf_signal indicator provides visual cues and alerts for market entry moments, displaying trend direction or deal signals as graphic objects.Also recommended: Line Master: Advanced Trend Lines with Change Signals - similar indicator with strong performance on MetaTrader 5.
When a trend persists at the selected bar, the indicator shows a right arrow with a color indicating the trend direction. If the trend changes, a diagonal arrow appears, its color and direction representing the deal direction.
The input parameters can be categorized into three groups:
1. Trend_arrows indicator input parameters
2. Visualization parameters
3. Alert and audio signal parameters
For multiple indicators on a chart, ensure unique values for the symbols_sirname (indicator labels names) string variable.
Place the compiled indicator file trend_arrows.mq5 in the terminal_data_folder\mql5\indicators\ directory of the client terminal.
Fig.1. Trend_arrows_htf_signal. Signal of trend continuation
Fig.2. Trend_arrows_htf_signal. Signal for a deal
You may also like: Trend Buy/Sell Zones with Automated Lot Sizing and Risk Panel for MT5 - 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 "trend_arrows" //
#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.