Grid
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. 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 Grid
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
Increased the operation speed, correctly processes the missing bars. If the distance between the vertical lines is noticeably smaller, then the history is missing bars there. The idea is to replace the standard grid with a more convenient one for visual work.
Recommended for visual work. Applications are numerous. Up to the creation of trading systems, as it allows to see certain regularities of the price behavior.
The vertical line
correspond to the start of an hour. Some have different colors.
start of the week - red line,
start of the day - blue line,
start of the month - yellow vertical line.
Horizontal line
- placed on psychological (round) levels, like 1.3700, 13750, etc. blue - shape line gray - intermediate levels
Optimized the code. Fixed the operation flaws. Introduced improvements by popular demand. The code contains detailed comments.
