Price Quote
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. 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 Price Quote
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
Displays current bid price and % change of (open price of) current bar or X previous bars, also High, Low, and range.
Examples:
% change of current Day bar (Period D1, Shift 0). In this case current price is compared to open price of the day.
% change of current Hour bar (Period H1, Shift 0). In this case current price is compared to open price of the hour.
% change of the last hour's Minutes bars (Period M1, Shift 60). In this case current price is compared to M1 bar 60 minutes ago, High/Low and range are calculated from last 60 M1 bars. This follows last hour trend without resetting every hour, unlike H1 bar.
