Mastering the AroonHorn_HTF_Signal Indicator for Effective Trading

The AroonHorn_HTF_Signal is a powerful tool for traders using MetaTrader 5, helping you identify trend directions and making informed trading decisions. This indicator works by generating signals based on the AroonHornSign and visually represents these signals on your chart, complete with alerts and audio notifications when it’s time to make a move in the market.

When a trend is ongoing at the selected bar, the indicator displays a right arrow, with its color indicating the trend direction. If the trend shifts, you’ll see a diagonal arrow that reflects the new trading direction.

Key Input Parameters

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

• AroonHornSign Input Parameters:

  //+------------------------------------------------+
  //|  Indicator Input Parameters                   |
  //+------------------------------------------------+
  input string Symbol_="";                               // Financial asset
  input ENUM_TIMEFRAMES Timeframe=PERIOD_H6;             // Indicator timeframe for calculation
  input uint AroonPeriod= 9; // Indicator period
  

• Visualization Parameters:

  //---- Indicator Display Settings
  input uint SignalBar=0;                                // Bar number for getting a signal (0 - current bar)
  input string Symbols_Sirname=INDICATOR_NAME"_Label_";  // Indicator label names
  input color Upsymbol_Color=clrLimeGreen;               // Uptrend symbol color
  input color Dnsymbol_Color=clrCrimson;                 // Downtrend symbol color
  input color IndName_Color=clrDarkOrchid;               // 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 name offset
  input int Y_1=-15;                                     // Vertical name offset
  input bool ShowIndName=true;                           // Display the indicator name
  input ENUM_BASE_CORNER  WhatCorner=CORNER_RIGHT_UPPER; // Display corner
  input uint X_=0;                                       // Horizontal offset
  input uint Y_=20;                                      // Vertical offset
  

• Alert and Notification Settings:

  //---- Alerts Settings
  input ENUM_ALERT_MODE alert_mode=OnlySound;  // Indicator triggering option
  input uint AlertCount=0;                     // Number of generated alerts
  

If you’re using multiple AroonHorn_HTF_Signal indicators on one chart, make sure each has its own Symbols_Sirname (indicator label name) to avoid any mix-ups.

To get started, you’ll need to place the compiled file AroonHornSign.mq5 into the terminal_data_folder/MQL5/Indicators/ directory of your trading platform.

Fig.1. AroonHorn_HTF_Signal. Signal of trend continuation

Fig.2. AroonHorn_HTF_Signal. Signal for a deal