Trend Line Crossings
Info
The Trend Line Crossings is a Indicator for MetaTrader 5 that this indicator is designed to work with trend lines, providing information about line crossings and prices. Features:- Individual counter signals for each line.
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 Line Crossings
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
This indicator is designed to work with trend lines, providing information about line crossings and prices.
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: Quantora Multi-Timeframe Trend Dashboard MT5 - Professional EMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.
This indicator is designed to work with trend lines, providing information about line crossings and prices.Also recommended: Quantora Multi-Timeframe MACD Dashboard MT5 - Professional Momentum and Trend Analysis - similar indicator with strong performance on MetaTrader 5.
Features:
- Individual counter signals for each line.
- Upon price crossing, the font color of the informational line changes to match the crossed line's color, and a sound/alert is played.
- Removing the indicator from the chart retains the lines, deleting only their associated information.
Information updating, including resetting all counter signals, occurs in the following scenarios:
- Indicator attachment or feature modification.
- Trend line feature changes.
- Addition or dragging of trend lines.
- Line deletion.
- Pressing the 'Update Info' button, essential for indicators with automatic lines.
Audio signals support .wav files, which should be placed in the mql5/files folder and referenced in the indicator parameters.
Note: This indicator is incompatible with horizontal lines, functioning exclusively with trend lines.
Parameters:
- Signal Mode: Choose from three options - No Signal, Only Sound, or Alert.
- Seconds Between Signals: Set the interval for checking line crossings (default is 3 seconds).
- Signals Quantity: Define the number of audio signals or alerts for the current bar.
- Sound Filename: Specify the .wav file for sound output, located in the metatrader 5/mql5/files folder.
- Show Lines Info: Display line information, including the line name on the current bar, with colors adapting to the chart background.
- Label Name Prefix: A prefix for label names, aiding in identifying and deleting specific labels when removing the indicator.
Video: A demonstration video is provided to showcase the indicator's functionality. The accompanying archive includes an audio file to be placed in the mql5/files folder.
You may also like: Quantora Moving Average Dashboard MT5 - Professional EMA SMA Trend Analysis - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#include <chartobjects\chartobjectstxtcontrols.mqh>
#property indicator_chart_window
struct linedata {
string name;
double curprice;
bool crossing;.......
⚠ 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.