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This is a powerful addition to your MetaTrader 4 toolkit designed to optimize market analysis and performance. 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 Up Down
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 calculates either the distance of the current price from the opening price, or the distance between the High and Low price, whichever is selected.
The calculation is performed for all pairs available (not hidden) in the "Market Watch" window, then the values are sorted descending/ascending and they are output to the buttons.
Clicking the button opens a chart of the corresponding symbol in a separate window.
Amendments of 2015.06:
fixed the error of shifting the button coordinates when switching timeframes.
Settings:
Method — selection of the calculation method (opening-closing or high-low).
Number of buttons — the number of currency buttons displayed.
Pressing the MODE button changes the sorting mode to "ascending/descending".
To exclude a pair from the calculation it should be removed from the "Market Watch" window.
IMPORTANT:
Response to pressing the MODE button happens with a delay (the code is heavy).
The maximum number of pairs to calculate — 50 (in code #define LINES 50).
