Trend Lines Crossing
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Trend Lines Crossing
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.
Description & Settings
It can be used as with hand-created trend lines, also with the lines created automatically using any other instrument. The indicator itself does not draw any lines, its purpose is to inform about the prices of the available trend lines and price crossing.
Features:
each line has its own counter signals
when price crosses the line, in addition that sound/alert output is played, the font color of the corresponding informational line also changes to the color of the line where the crossing occurred.
when deleting from the indicator the chart DOES NOT delete lines, but only the information about them
information updating (including zeroing of all counter signals) is performed in the following cases:
attaching the indicator to the chart / change of the indicator features,
when changing features of any trend line,
when adding / dragging any trend line,
when deleting line,
when pressing the "Update Info" button - when using an indicator with automatic lines, exactly the button must be used for updating the information.
For audio signals any file of .wav format can be used. For this purpose place the file to the MQL5/Files folder and set its name (including extension) in the indicator parameters.
The indicator does not work with the horizontal lines(!), only with the trend lines.
Parameters:
Signal mode
- one of three signals mode in crossings:
No signal
- do not produce any signals,
Only sound
- sound only,
Alert
- to output alerts.
Seconds between signals
- the number of seconds between signals. Since Sleep() function can not be used in the indicators, to realize the pauses timer is used. I.e. in fact this parameter means not a pause between the signals but after what seconds the fact of crossing will be checked. That is why I do not recommend to put too much interval (default value is three seconds).
Signals Quantity
- the number of audio signals / alerts. Valid only for the current bar. If crossing happened in the end of the period, then, in fact, the number of signals will depend on the remaining time until the bar formation completes.
Sound Filename
- the name that will be replaying if Only sound mode is chosen. File in .wav format must be placed in MetaTrader 5/MQL5/Files folder. If there is no file with the set name in this folder, alert.wav file (from MetaTrader 5/Sounds folder) will be used.
Show Lines Info
- display the information about lines, exactly the name of the line on the current (last) bar. The indicator automatically chooses the color of the output labels depending on the chart background. If the price crosses the trend line, the labels are colored in the color of the line.
Label name prefix
- the line-prefix for labels' names (line names and prices). It must contain not less than 5 characters. It is designed for deleting only "your" labels when deleting the indicator from the chart.
Video:
A short video to illustrate the functional:
Note: The archive has an audio file that must be unpacked and placed in MQL5/Files folder.
