Symbol Movement Indicator
Info
The Symbol Movement Indicator is a Indicator for MetaTrader 4 that this custom indicator displays the daily candle range, high-low range, and candle bullishness or bearishness for 28 currency pairs, providing a comprehensive view of the market. It helps you quickly grasp the overall market situation.
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 Symbol Movement 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
This custom indicator displays the daily candle range, high-low range, and candle bullishness or bearishness for 28 currency pairs, providing a comprehensive view of the market.
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: price movement amplitude indicator - another powerful indicator for MetaTrader 4 traders.
This custom indicator displays the daily candle range, high-low range, and candle bullishness or bearishness for 28 currency pairs, providing a comprehensive view of the market. It helps you quickly grasp the overall market situation.Also recommended: price movement amplitude indicator - similar indicator with strong performance on MetaTrader 4.
Features:
- Real-time data: Set the 'candle number' parameter to 0 to receive real-time updates for the current candle, or use a higher value for specific previous candle information.
- Timeframe adjustment: Change the 'timeframe' parameter to view data for any period, regardless of the chart's timeframe. Default is daily.
- Customization: Define button colors, text color, height, and font size for the panel box.
- Market price display: Choose to show bid or ask price, or none for a smaller panel width.
By clicking the symbol buttons, you can easily access the desired currency pair. The attached image illustrates the indicator's functionality.
Parameters:
- Candle Number: Set to 0 for real-time data or a higher value for specific previous candles.
- Timeframe: Adjust the timeframe for data display.
- Button Bullish Color: Select the color for bullish buttons.
- Button Bearish Color: Choose the color for bearish buttons.
- Button Text Color: Define the text color for buttons.
- Show Market Price: Display bid or ask price, or none.
- Button Height: Set the button height.
- Button Font Size: Adjust the button font size.
You may also like: symbol index with moving averages - excellent alternative for indicator users on MetaTrader 4.
Source Code
string indicator_name="symbol movement: ";
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.10"
#property strict
#property indicator_chart_window.......
⚠ 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.