Maximize Your Trading with FisherTransform_HTF_Signal for MetaTrader 5

The FisherTransform_HTF_Signal is your go-to indicator for spotting trend directions and generating trading signals right on your MetaTrader 5 platform. It utilizes the Fisher Transform indicator to provide clear, visual cues about market movements, complete with color-coded arrows and alert features for optimal trading moments.

When a trend is in play at the selected bar, you'll see a right arrow pop up, colored to reflect the direction of the trend. Conversely, if the trend shifts at that bar, an arrow will appear indicating the new trend direction, helping you make informed trading decisions.

All input parameters for the FisherTransform_HTF_Signal can be categorized into three main groups:

Fisher Transform Indicator Input Parameters:

//+------------------------------------------------+
//|  Indicator input parameters                    |
//+------------------------------------------------+
input string Symbol_="";                  // Financial instrument
input ENUM_TIMEFRAMES Timeframe=PERIOD_H6; // Timeframe for the indicator calculation
input uint Length=10;                      // Indicator period

Visualization Input Parameters for FisherTransform_HTF_Signal:

//---- indicator display settings
input uint SignalBar=0;                              // Signal bar index, 0 is the current bar
input string Symbols_Sirname=INDICATOR_NAME"_Label_";// Indicator labels name
input color UpSymbol_Color=Teal;                     // Growth symbol color
input color DnSymbol_Color=DarkOrange;               // Downfall symbol color
input color IndName_Color=DarkOrchid;                // Indicator name color
input uint Symbols_Size=60;                          // Signal symbols size
input uint Font_Size=10;                             // Indicator name font size
input int X_1=5;                                     // Horizontal shift of the name
input int Y_1=-15;                                   // Vertical shift of the name
input bool ShowIndName=true;                         // Indicator name display
input ENUM_BASE_CORNER WhatCorner=CORNER_RIGHT_UPPER;// Location corner
input uint X_=0;                                     // Horizontal shift
input uint Y_=20;                                    // Vertical shift

Alert and Audio Signal Parameters:

//---- alerts settings
input ENUM_ALERT_MODE alert_mode=OnlySound; // Alert indication mode
input uint AlertCount=0;                    // Number of alerts to be triggered

If you plan on using multiple FisherTransform_HTF_Signal indicators on the same chart, make sure each one has a unique Symbols_Sirname variable to avoid any confusion.

To get started, simply place the compiled Fisher Transform indicator file in your terminal's data folder under MQL5\Indicators\.

Fig.1. FisherTransform_HTF_Signal indicator. Sell signal

Fig. 1. Sell signal

Fig.2. FisherTransform_HTF_Signal indicator. Uptrend continuation signal

Fig. 2. Uptrend continuation signal

Maximize Your Trading with FisherTransform_HTF_Signal for MetaTrader 5

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