gain loss info
Info
The gain loss info is a Indicator for MetaTrader 4 that shows the current gain and loss for all candlesticks exceeding the specified threshold. values are calculated in percentages and points.
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 gain loss info
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
shows the current gain and loss for all candlesticks exceeding the specified threshold.
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.
shows the current gain and loss for all candlesticks exceeding the specified threshold. values are calculated in percentages and points.
Also recommended: usd against all currencies - similar indicator with strong performance on MetaTrader 4.
the indicator can calculate gain/loss in two modes: simple difference between open and close prices, difference between current close and previous close. the user can set minimum threshold (in points and percent), change the calculation mode and control the font color for displayed values.input parameters:
percentagelimit
(by default = 1.0) — threshold for displaying the change in percentage points.
pipslimit
(by default = 1000) — threshold for displaying the change in broker points.
closetoclose
(by default = true) — if true, the indicator will compare the current close price with the previous close price, if false — with the current open price.
displaylosscolor
(by default = red) — color for negative changes (losses).
displaygaincolor
(by default = green) — color for positive changes (gains).
displaydistance
(by default = 100) — distance from the maximum price of a candlestick to the displayed gain/loss value in broker points.
maxbars
(by default = 100) — maximum number of bars to process. the higher this value, the slower the indicator will work.
recommendations:
it is almost impossible to use this indicator for getting trade signals. its mainly intended to simplify the market analysis and to make it easier to find certain bullish or bearish patterns. of course, everyone can try to use abnormally big changes as signals to open or close positions.
You may also like: doda-donchian indicator with stop-loss feature - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
/*
shows percentage and pip gain/loss for a candle.
can calculate gain/loss compared either to the previous close or to the current open.
*/
#property indicator_chart_window
extern double percentagelimit=1.0; // will not display number if percentage gain/loss is below limit.
extern int pipslimit=1000; // will not display number if pips gain/loss is below limit.
extern bool closetoclose=true;.......
⚠ 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.