Displaying Key Parameters
Info
The Displaying Key Parameters is a Indicator for MetaTrader 4 that the indicator presents five symbol parameters and two account parameters, some of which may fluctuate during significant news releases or before the weekly session closes. The following parameters are subject to change:- Leverage: Can be adjusted downwards.
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 Displaying Key Parameters
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 presents five symbol parameters and two account parameters, some of which may fluctuate during significant news releases or before the weekly session closes.
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: Modified Fractals Indicator with Customizable Parameters - another powerful indicator for MetaTrader 4 traders.
The indicator presents five symbol parameters and two account parameters, some of which may fluctuate during significant news releases or before the weekly session closes.Also recommended: Displaying Another Symbol's Data on Your Chart - similar indicator with strong performance on MetaTrader 4.
The following parameters are subject to change:
- Leverage: Can be adjusted downwards.
- Stoplevel: Levels for stop loss and take profit placement (in points). These may rise during news releases and at session ends.
- Margincall: Indicates a drawdown level where a deposit or deal closure is advisable.
- Stopout: At this drawdown level, the broker may force close losing deals.
The following parameters dynamically change based on the symbol's current quotes:
- Margin4lot: Margin size for opening one lot.
- Spreadsmooth: Current spread, averaged over a specified period.
- Realspread: Current spread without averaging.
- Spreadprice: Price of the averaged spread in the deposit currency.
Parameters:
- Fontsize
- Fontcolor
- Fontname
- Xoffset: Horizontal offset from the bottom left corner in pixels.
- Yoffset: Vertical offset from the bottom left corner in pixels and the distance between lines.
- Spreadsmoothticks: Spread value averaging period.
You may also like: Awesome Oscillator with Customizable Colors and Parameters - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.03"
#property strict
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 0
input int fontsize = 10;
input color fontcolor = clryellow;
input string fontname = "tahoma";.......
⚠ 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.