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show important params
Info
The show important params is a Indicator for MetaTrader 4 that 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.
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 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.
What this tool does
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.
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: Show Trades Indicator for MT4/MT5 - another powerful indicator for MetaTrader 4 traders.
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.
Also recommended: show orders on chart - similar indicator with strong performance on MetaTrader 4.
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
You may also like: the currency strength indicator shows the relative strength of a currency compared to seven other currencies - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.03"
#property strict
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 0
input int fontsize = 10;
input color fontcolor = clryellow;
input string fontname = "tahoma";.......
⚠ 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.