Using a Higher-Timeframe Signal Indicator to Display Trend Changes and Alerts
Summary
The document describes a chart indicator that displays signals generated by a separate METRO_Sign indicator on a chosen timeframe. It distinguishes continued trends, shown with a colored circular symbol, from trend changes, shown with a directional arrow. The display can be configured with a signal bar, colors, label size, chart corner, and offsets; separate settings control alert mode and count.
The signal calculation uses RSI period and fast and slow step parameters, with a default six-hour timeframe. The document explains configuration and the need for a distinct label prefix when multiple copies appear on one chart. It provides no performance evidence, trading rules, or validation of the underlying signal. Users therefore cannot infer profitability, robustness, or whether a displayed signal is suitable for execution from this description alone.
Key ideas
- The indicator presents signals calculated by METRO_Sign on a selected timeframe.
- A circular marker indicates trend continuation, while a directional arrow marks a trend change.
- Users can configure signal inputs, chart appearance, and alert behavior.
- The document provides no empirical performance evidence or guidance for validating the underlying signals.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.