TLSS Indicator
Info
The TLSS Indicator is a Script for MetaTrader 4 that the indicator displays the computer's time, the trading account's leverage, the swap for the currency pair for both long and short positions, and the current spread. You can disable the display of each parameter and customize the text and background colors.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use TLSS Indicator
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
The indicator displays the computer's time, the trading account's leverage, the swap for the currency pair for both long and short positions, and the current spread.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: notches indicator - another powerful script for MetaTrader 4 traders.
The indicator displays the computer's time, the trading account's leverage, the swap for the currency pair for both long and short positions, and the current spread.Also recommended: high n indicator - similar script with strong performance on MetaTrader 4.
You can disable the display of each parameter and customize the text and background colors.
Tips:
By default, the indicator colors are configured for display on a black background.
Source Code
#property strict
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.01"
#property indicator_chart_window
extern bool Clock = true; //Show Clock?
extern bool Leverage = true; //Show Leverage?
extern bool Swap = true; //Show Swap?
extern bool Spread = true; //Show Spread?
extern bool Background = true; //Show Background?.......
⚠ 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.