Swap2 Indicator

Swap2 Indicator
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Swap2 Indicator

Info

The Swap2 Indicator is a Indicator for MetaTrader 4 that view any symbol's bid, last day's difference in percentage or pips, spread, swap, and high-low values for today, this week, and this month in a separate window. The symbols must be included in the list.

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 Swap2 Indicator

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

View any symbol's bid, last day's difference in percentage or pips, spread, swap, and high-low values for today, this week, and this month in a separate window.

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: External Range Liquidity (ERL) Indicator: Advanced Market Structure and Liquidity Analysis - another powerful indicator for MetaTrader 4 traders.

View any symbol's bid, last day's difference in percentage or pips, spread, swap, and high-low values for today, this week, and this month in a separate window.

Also recommended: B Bands Psar Indicator - similar indicator with strong performance on MetaTrader 4.


The symbols must be included in the list.

Input Parameters:

- Symbols: EURUSD, GBPUSD, USDCHF.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_separate_window
extern string  symbols   = "eurusd,gbpusd,usdchf";
extern bool    daydiffpip= true; //pip or %
extern bool    hilo      = true;
extern int     fontsize  = 10;
extern string  fontname  = "tahoma";
extern color   fontcolor = silver;
extern color    color2   = lime;

.......

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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.
© ROBOTFX Free educational tools by RobotFX. Use entirely at your own risk; we are not liable for any financial losses incurred.