overlay and spread charts for 2 symbols
Info
The overlay and spread charts for 2 symbols is a Indicator for MetaTrader 4 that main chart shows the overlay chart of 2 symbols - while subchart displays the price spread line with spreadfactor. for those keys affect the chart movement e.
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 overlay and spread charts for 2 symbols
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
main chart shows the overlay chart of 2 symbols - while subchart displays the price spread line with spreadfactor.
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: spread indicator for pair trading - another powerful indicator for MetaTrader 4 traders.
main chart shows the overlay chart of 2 symbols - while subchart displays the price spread line with spreadfactor.
Also recommended: albus multi chart 1: advanced chart overlay for metatrader - similar indicator with strong performance on MetaTrader 4.
for those keys affect the chart movement e.g. pgup/pgdn, the indicators will automatically adjust the display and redraw.Source Code
#property indicator_chart_window
#property indicator_buffers 6
#define vk_left 0x25
#define vk_right 0x27
#define vk_up 0x26
#define vk_down 0x28
#define vk_prior 0x21
#define vk_next 0x22
extern string symbolspread = ""; // symbol b name to be overlayed
extern double spreadfactor = 1.0; // spread = symbol a price - spreadfactor x symbol b price.......
⚠ 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.