Blue Signal Premium draws a Hull band, prints Buy and Sell labels, and hangs three take-profit lines off every signal, on MT4 and MT5. Before you look at a screenshot I want to explain the input called Activate Signals 90%, because it's the reason this tool gets passed around and it doesn't mean what the name says.
With that switch on, the signal is computed from the daily close instead of the bar close. On a day that's already over, every hourly bar of that day is fed the day's final close. So a Buy printed at 00:00 on a historical chart already knew where the day was going to end. On the live day the daily close is just the current price, so the switch behaves like an ordinary trigger that only re-evaluates around the day change. Last month's chart will always look better than next month's.
I left the switch in, labelled and defaulted on, because that's the tool people ask for. But you should know what it is before you pay for it. Off, you get the honest version.
What the textbook says, what usually ships, what this does
| The textbook version | What most copies ship | What Blue Signal Premium does |
|---|---|---|
| An ATR trailing stop ratchets: it only moves in the trade's direction | The same, so after a spike the stop sits a long way off and the flip comes late | No ratchet. The stop re-centres every bar at source ± KeyValue × ATR, so a flip needs one bar to travel more than KeyValue ATRs. Far fewer signals |
| A higher-timeframe average on a lower chart changes only when the higher bar closes | The developing daily value is shown and rewritten all day | The daily Hull steps on the chart bar that closes the day, never before. The step lands on the 23:00 bar, not the next morning's |
| A signal tool should say where it wants out | An arrow, and the exit is your problem | Three levels at 0.9%, 1.8% and 3.6% from the signal close, drawn, labelled with the price, and alerted when touched |
| State that carries between bars belongs in per-bar storage | Static variables, so a timeframe switch gives you a different set of lines | Direction, levels and which targets were hit are stored per bar. Recalculate from scratch and you get the same chart |
| The signal source is a setting you can read | "90% accuracy" | A switch, and this page tells you it means the daily close |
The last row is the one that costs money. A tool that looks right on history and behaves differently live doesn't hurt you by being wrong. It hurts you by teaching you to trust it before you've seen it live.
What it draws
The Hull band. The Hull average and its own value from two bars earlier, filled between. Green when the current value is above the one two bars back, red when it isn't, orange with trend colouring off. Hma, Ehma and Thma variations, length 55 by default. Out of the box the Hull comes from the daily chart, so on H1 it's a staircase and the band only opens for two bars after each step. Turn the higher-timeframe switch off and you get the curved band on the chart's own timeframe.
Buy and Sell. A blue arrow on its own buffer plus a text label, so an EA reads it through iCustom. A Buy prints when the signal source crosses above the stop, a Sell when it crosses below.
Three take-profit lines. Drawn the moment a signal prints, from that bar's close, dotted, with a price label on each. They break for one bar at the next signal instead of drawing a vertical joint. The latched values sit on buffers 28 to 30 on MT5, 27 to 29 on MT4.
Candle colour, on MT5. Off by default. Switch it on and candles take the band's colour.
It doesn't plot the trailing stop, though it's on buffer 24 if you want it. No stop-loss level, no panel, no sessions, no zones.
Alerts fire for Buy, Sell, and each of TP1, TP2 and TP3 being touched. Popup, push, email, and Telegram on MT5. One message per event per bar, with a guard that resets on a new bar, and an option to wait for the bar to close.
Reading it
| On the chart | Read it as |
|---|---|
| Label at the first bar of a day | The previous day's close moved more than KeyValue ATRs across the stop. With the 90% switch on, this is the only place a signal can appear |
| Label mid-day | Only possible with the switch off. One bar moved more than KeyValue ATRs |
| Band green for two bars, then red | Normal with the daily Hull. The step went up, then the line is flat, and flat counts as not rising |
Long: a Buy label prints, the last daily step was upward, and TP1 is a distance you'd actually hold for on this symbol. Then take your own trigger on your own chart. Short is the same thing inverted.
Skip it when the labels alternate Buy, Sell, Buy on consecutive days. That's day-to-day chop bigger than KeyValue ATRs both ways, and the tool can't tell it from a trend starting. And skip the TP lines on a forex major under H4: 0.9% of EURUSD is about 100 pips, which is days of range, not a target for an hourly signal.
What this version can't do
The 90% switch makes history look better than live. To judge the signals, switch it off and watch a week of live bars. With it off and KeyValue at 3 you'll get very few signals, because very few bars travel three ATRs. Drop KeyValue to 1 or 1.5 for a chart that does something.
The take-profit distances are percentages and don't scale. 0.9%, 1.8% and 3.6% fit gold and crypto. On a forex major they're a week of movement. There's no ATR option for the targets; the numbers are part of what the tool is, so I kept them.
The daily Hull is red most of the time. The colour rule is "higher than two bars ago", and a staircase is flat 22 hours out of 24. So with the default setting you'll see green for two bars after each up-step and red otherwise. It's correct, it just isn't a trend colour in the way you'd expect.
MT4 doesn't colour candles and has no Telegram. MQL4 has no coloured-candle plot, and the MT4 notification library only does popup, push and email.
You won't find a win rate table in this listing, and I'd treat any indicator listing that has one with some care.
Honestly, the Hull maths was the easy half. The part that took longest was deciding on which hourly bar the daily value is allowed to change. Friday's daily bar ends at Saturday 00:00, not at Monday's open, and my first version had Friday's last bar still looking at Thursday.
Questions you'll have
Does Blue Signal Premium repaint? With the daily-close switch off, no. Every value comes from closed bars, the state that decides the next label is stored per bar, and the daily Hull only changes on the bar that closes the day. With the switch on, today's bars are all fed the current price, so a label from earlier today can move on a reload until the day closes.
Blue Signal Premium on MT4? Both platforms are included, one download each. Same signal rules, same defaults, same buffers. MT4 skips candle colouring and Telegram.
Blue Signal Premium best settings? For the look everyone knows, leave the defaults. To judge the signals honestly: 90% switch off, KeyValue 1 to 1.5, ATR 14, higher-timeframe switch off if you want the band to curve. Length 55 is for swing entries; 180 to 200 turns the band into a floating support and resistance line.
Why is the Hull band flat and red? It's the daily Hull on an intraday chart. A staircase is flat, and flat counts as not rising. Turn the higher-timeframe switch off if you want the colour to mean trend.
Can an EA use it? Yes. Buy and Sell are on their own arrow buffers, the three levels on buffers 28 to 30 (MT5) or 27 to 29 (MT4), the last signal's direction on buffer 25 (MT5) or 24 (MT4).
Alerts on TP? Each level fires once per signal, on the bar that first touches it, and not again until a new signal resets the ladder.
Support
Message me with a screenshot of the chart, plus symbol, timeframe, and whether the 90% switch is on. That's normally enough for me to tell you what you're looking at. Updates are free.
Analysis tool. It places no trades and makes no profitability claim. Past price behaviour is not a guide to future price behaviour.