Show Important Params
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. 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 Show Important Params
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
The indicator displays five parameters of the symbol and two parameters of the account, some of them may change during the release of important news or before closing the weekly session.
The following parameters may change:
Leverage - can be changed downward.
StopLevel - the levels for placing the stop loss and take profit (in points). They may increase during the news release and at the end of the session.
MarginCall - when this drawdown level is reached, it is recommended to make a deposit or to close some deals.
StopOut - when this drawdown level is reached, broker may force close part of the losing deals. The following parameters are constantly changing, depending on the current quotes of the symbol.
Margin4Lot - the margin size when opening one lot.
SpreadSmooth - the current spread, averaged for SpreadSmoothTicks ticks.
RealSpread - the current spread without averaging
SpreadPrice - price of the averaged spread in the deposit currency
Parameters:
FontSize
FontColor - font color
FontName - font name
XOffset - horizontal offset from the bottom left corner in pixels
YOffset - vertical offset from the bottom left corner in pixels and the distance between lines
SpreadSmoothTicks - spread value averaging period
