A semaphore signal indicator determining the moments of a directional price change on several bars, the number of bars is specified in the indicator input parameters:

//| Indicator input parameters                   |
input uint HowManyCandles=3;  // The number of candlesticks of a directed price change

Both High and Low of a candlestick series are used in the analysis.

This indicator was first implemented in MQL4 and published in CodeBase at mql4.com on 14.09.2007.


MT5 Indicator – Download Instructions

HighsLowsSignal is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

HighsLowsSignal provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install HighsLowsSignal.mq5?

  • Download HighsLowsSignal.mq5
  • Copy HighsLowsSignal.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on HighsLowsSignal.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator HighsLowsSignal.mq5 is available on your Chart

How to remove HighsLowsSignal.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:


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