up down
Info
The up down is a Indicator for MetaTrader 4 that 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.
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 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.
What this tool does
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.
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: Up Down Bars Indicator - another powerful indicator for MetaTrader 4 traders.
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.
Also recommended: Step Up Down Forex Indicator: Visualizing Price Direction - similar indicator with strong performance on MetaTrader 4.
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).
You may also like: aroon up and down - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "15.6"
#property strict
#property indicator_chart_window
#define lines 50 //number of pairs
#define elems 3 //number of elements
input string info = "mode button for change sorting.";
input int method = 1; //method (1 open/close, 2 high/low)
input int num = 10; //number of buttons.......
⚠ 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.