Overlay and Spread Charts for Multiple Symbols
Info
The Overlay and Spread Charts for Multiple Symbols is a Indicator for MetaTrader 4 that the main chart displays an overlay of two symbols, while the subchart presents a price spread line with a spread factor. This tool ensures that when navigating the chart with keyboard shortcuts (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 Multiple 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
The main chart displays an overlay of two symbols, while the subchart presents a price spread line with a spread factor.
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.
The main chart displays an overlay of two symbols, while the subchart presents a price spread line with a spread factor.Also recommended: albus multi chart 1: advanced chart overlay for metatrader - similar indicator with strong performance on MetaTrader 4.
This tool ensures that when navigating the chart with keyboard shortcuts (e.g., PgUp/PgDn), the indicators adapt and redraw accordingly.
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.