i Market Price 2.1 - Real-time Price Information Indicator
Info
The i Market Price 2.1 - Real-time Price Information Indicator is a Indicator for MetaTrader 4 that i market price indicatorthis informational indicator displays key price levels for a selected higher timeframe: high (labeled 1) and low (labeled 2). It also shows the distance from the current Bid price (labeled 3) to these levels (labeled 5 and 4, respectively).
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 i Market Price 2.1 - Real-time Price Information 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.
What this tool does
i Market Price IndicatorThis informational indicator displays key price levels for a selected higher timeframe: High (labeled 1) and Low (labeled 2).
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: Exchange Price Indicator - another powerful indicator for MetaTrader 4 traders.
i Market Price IndicatorThis informational indicator displays key price levels for a selected higher timeframe: High (labeled 1) and Low (labeled 2). It also shows the distance from the current Bid price (labeled 3) to these levels (labeled 5 and 4, respectively). The current Ask price (labeled 6) is shown as the last digits; for example, if the Bid price is 1.63810 and the Ask price is 1.62826, the Ask price field will display the last digits – 826. The difference between the Bid and Ask prices is shown below the Ask price (labeled 7). The time until the next bar on the current chart timeframe is located in the bottom right corner of the indicator (labeled 8). To the left of this is the price for one point of the instrument with a volume of one lot (labeled 9).
Also recommended: Market MOOD Indicator - similar indicator with strong performance on MetaTrader 4.
The relationship between the opening price, the current price, and the boundaries of the candle for the selected higher timeframe is reflected on a 'synthetic' bar (labeled 10). If the _periodForHiLoCheck parameter (higher timeframe for High and Low price assessment) is set to zero in the indicator settings, the bottom right corner (labeled 11) will display the timeframe that corresponds to the one set on the chart at the moment the indicator was applied.
Important Note.
The higher timeframe (_periodForHiLoCheck) is used logically. For example, if a user is working on an H1 chart and sets _periodForHiLoCheck to 1440 (one day) in the indicator settings, the indicator's High and Low prices will be calculated from the beginning of the day (00:00), not from a 24-hour period. If the higher timeframe is set to one week, the start of this period will be the Monday of the current week, not exactly 7 days prior.
Version History:
2.1 - Modified the panel anchoring angle setting. In the settings, the _panelPosition parameter can accept values from 0 to 3, where the numbers correspond to the following chart corners: 0 - Top Left; 1 - Top Right; 2 - Bottom Left; 3 - Bottom Right.
Display of the current instrument name and chart timeframe has been added (labeled 12).
If the instrument on which the indicator is installed has five decimal places, the integer part of the price will not be displayed.
You may also like: Energy Market 01 Indicator - excellent alternative for indicator users on MetaTrader 4.
⚠ 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.