Displaying Higher-Timeframe HLR Trend and Trade Signals
Summary
HLR_HTF_Signal is a chart indicator that presents the trend direction or signal from HLRSign using a selected timeframe. A right-pointing arrow marks continuation of the current trend at the chosen bar; a diagonal arrow marks a change and indicates the deal direction. The display uses different colors for up and down signals, and the indicator can also trigger sound or other configured alerts.
Inputs control the symbol and calculation timeframe, the breakthrough mode, averaging range, and upper and lower levels. Separate settings control which bar to read, label names, colors, placement, and alert behavior. The document gives example defaults, including a six-hour calculation timeframe, a range of 40, and levels of 80 and 20; these are configuration examples rather than validated recommendations. It provides no trading results, signal accuracy, or risk rules. The indicator depends on the compiled HLRSign component, and multiple instances on one chart need distinct label-name values.
Key ideas
- The indicator displays HLRSign trend continuation and direction-change signals on a chart.
- A right arrow marks trend continuation, while a diagonal arrow marks a changed signal and deal direction.
- Users can configure the calculation timeframe, averaging range, levels, display, and alerts.
- Separate label names are needed when several instances appear on one chart.
- The document supplies configuration details but no evidence about signal performance or trading risk.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.