QG Futures/CF D Intermarket Spread
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. 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 QG Futures/CF D Intermarket Spread
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 can chart the spread between 2 instruments as a difference or as a ratio.
Settings:
Instrument1 - Enter a string of first instrument exactly as mentioned by broker
Instrument2 - Enter a string of second instrument exactly as mentioned by broker
Multiplier1 - A multiplying factor for first instrument
Multiplier2 - A multiplying factor for second instrument
ChartDifernce - A boolean which will chart difference between 2 instruments, set to false it will chart spread as a ratio
The spread chart appears in a separate window and then basic indicators can be applied to it like shown in the pictures.
