rate of change (ro c)
Info
The rate of change (ro c) is a Indicator for MetaTrader 4 that the indicator displays the percentage of the price change for the specified period of the specified pairs and plots the corresponding bars in the indicator subwindow. clicking on a bar or a name of a pair opens a corresponding chart with the period specified in the input parameters.
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 rate of change (ro c)
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 indicator displays the percentage of the price change for the specified period of the specified pairs and plots the corresponding bars in the indicator subwindow.
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.
the indicator displays the percentage of the price change for the specified period of the specified pairs and plots the corresponding bars in the indicator subwindow.
Also recommended: the little whore trading strategy - similar indicator with strong performance on MetaTrader 4.
clicking on a bar or a name of a pair opens a corresponding chart with the period specified in the input parameters.recommendations:
the list of pairs is entered using a separator
without spaces
.
selection of the pairs in the "market watch" window is performed automatically.
when the chart window size changes or when a bar exceeds the subwindow borders, an automatic bar scaling occurs.
if a font scaling error occurs during the window scaling,
increase or decrease the height
of the indicator subwindow.
You may also like: double zig zag trading strategy - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "2.1"
#property strict
#property indicator_separate_window
input string pairs="usdjpy,audusd,eurjpy,eurchf,eurgbp,eurusd,gbpusd,usdchf,usdcad";
input enum_timeframes timeframe=period_d1;//period for calculating
input enum_timeframes per = period_m15; //period for new opened charts
input color upcolor = clrlimegreen; //color when moved up
input color downcolor = clrtomato; //color when moved down.......
⚠ 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.