candle gain candle loss
Info
The candle gain candle loss is a Indicator for MetaTrader 4 that the indicator can calculate gain/loss in two modes: plain candlestick close and open difference, and as difference between current close and previous close. you can set minimum change limits (for pips and percentage), change modes, and you can also control font color of the output numbers.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use candle gain candle loss
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
the indicator can calculate gain/loss in two modes: plain candlestick close and open difference, and as difference between current close and previous close.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: usd against all currencies - another powerful indicator for MetaTrader 4 traders.
the indicator can calculate gain/loss in two modes: plain candlestick close and open difference, and as difference between current close and previous close.
Also recommended: usd against all currencies - similar indicator with strong performance on MetaTrader 4.
you can set minimum change limits (for pips and percentage), change modes, and you can also control font color of the output numbers. the indicator is available for mt4.
displays the gains and losses for all candles where the given threshold is surpassed. the values are calculated in points and percentage.
You may also like: size of the candle body - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.038"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property strict
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property indicator_chart_window
input double PercentageLimit = 1.0; // PercentageLimit - Will not display number if percentage gain/loss is below limit........
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.