Daily Change (Percentage Indicator)
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. 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 Daily Change (Percentage Indicator)
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 shows the % Daily Change of yesterday close with respect to actual price (Bid).
It calculates the percentage change between yesterday close price and the actual bid price.
It works on any timeframe.
External Modifications:
You can modify the following settings:
Label_Color = DarkBlue // You can change the font color Font_Size = 14 // You can modify the font size
X_Position = 3 // You can modify X position (distance) from corner Y_Position = 3 // You can modify Y position (distance) from corner Corner_Position = 2 // You cna select the corner position (0: Top Left / 1: Top Right / 2: Bottom Left / 3: Bottom Right)
LAST RELEASE: DailyChange_Rev1.mq4.
Modifications in last release: Color changes automatically when positive or negative. An arrow indicates if movement is up or down.
External Modifications in DailyChange_Rev1.mq4:
You can modify the color and size:
Size: You can change the text font size and the arrow size
You can modify the position of text and arrow:
X_Position You can modify X position (distance) from corner
Y_Position You can modify Y position (distance) from corner
Corner_Position You can select the corner position (0: Top Left / 1: Top Right / 2: Bottom Left / 3: Bottom Right)
