New Coral Trend Alert indicator
This is a new redesigned and improved well-known coral trend indicator.
Coral is a powerful trend following indicator that uses 3 indication to define and to clear a trend direction signals.
The green line indicates a buying trend, the red line indicates a selling trend, and the yellow line indicates is a neutral.
We have accelerated the calculation of the indicator, added arrows and two signal modes: when the line color changes, when the price crosses and the candle closes above / below the coral line.
We also added trend filters and the ability to connect this indicator to any of our indicators as a signal filter, as well as the ability to connect the indicator to our Expert Advisors for automatic trading.
We also added the ability to change the parameters of the indicator, which was not in the original version.
Supported Features :
Projectreaper Connect – USER GUIDE
Projectreaper Trend OS Filters – USER GUIDE
Settings :
CPeriod – ‘period’ of coral line,in fact, this is a multiplier for calculating the price of the coral line
Coefficient – slope calculation multiplier
Alerts
SignalName – Signal title
Buy_Text_Alert – buy signal text
Sell_Text_Alert – sell signal text
ArrowsOnChart – draw arrows
SoundAlert – enable sound alerts
PopupAlert – enable popup windows
SMSPushAlert – enable push sms alerts
EmailAlert – enable email alerts
ShowPipTags – display the potential price movement in pips from the last signal
ShowTPSL – enable/disable the display of SL and TP levels.
SLBars โ the number of bars to calculate the levels
SignalBarRangeSL โ additional check of the size of signal candlesticks
MaxSLPips โ limit the maximum stop loss value (0 – off)
MinSLPips โ minimum stop loss value (0 – off)
MaxTPPips – limit of the maximum take profit value (0 – off)
MinTPPips – minimum take profit value (0 – off)
TP1_Ratio โ ratio of take profit to stop loss of the first TP level
TP2_Ratio – ratio of take profit to stop loss of the second TP level
TP3_Ratio – ratio of take profit to stop loss of the third TP level
Style
Buy_Arrow_Color – buy arrows color
Sell_Arrow_Color – sell arrows color
Arrows_Width – arrows size
CoralB_Line – buy trend color
CoralS_Line – sell trend color
CoralN_Line – neutral color
How to install :
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address
How to find Data folder :
in the terminal click File menu – Open Data Folder
Good trading!
