CO T
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use CO T
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.
Description & Settings
This indicator uses reports by CFTC. These reports are published on the website in two formats, "Excel" and "Text".
Select reports in text format of the category "Futures-and-Options Combined Reports", or "Futures Only Reports".
Download five files and then rename them. All of the files in the archives have the same name annualof.txt, or annual.txt, so they must be renamed. The file for current year must be renamed in 2015.txt.
Then place the renamed files it the folder MQL4\Files. After that, you can start to use the indicator.
The indicator creates files and global variables with names code.bin. To update these files, you should change values of global variables from 0 to 1, (press F3). Then click "Refresh" to refresh the chart. If you want to update all of files at once, use global variable named "Update files code.bin".
The variable "Code", which you can see in the settings of the indicator, means market code of a futures. For example, the code of wheat is equal 001602.
