How do I install this Indicator on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 5?

Yes, this Indicator is built specifically for MetaTrader 5.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Crosshair - Real-Time Candle Metrics on Hover for MetaTrader 5

MetaTrader 5 indicator

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Crosshair - Real-Time Candle Metrics on Hover

Info

The Crosshair - Real-Time Candle Metrics on Hover is a Indicator for MetaTrader 5 that interactive crosshair indicator with real-time candle analytics. This indicator displays essential candle information in a single-line info bar, offering a comprehensive view of market dynamics.

Usage

This tool is typically used for enhancing chart analysis and decision making.

Platform

This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).

Setup

Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.

How to Install and Use Crosshair - Real-Time Candle Metrics on Hover

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

Interactive crosshair indicator with real-time candle analytics.

Typical Use Case

This Indicator excels in automated trading and technical analysis on MetaTrader 5.

Compatible Platform & Setup

This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.

Description & Settings

Related: Real-Time Spread Monitor with Session Stats - another powerful indicator for MetaTrader 5 traders.

Interactive crosshair indicator with real-time candle analytics. This indicator displays essential candle information in a single-line info bar, offering a comprehensive view of market dynamics.

Also recommended: Spread Monitor: Real-time Spread and Swap Tracker - similar indicator with strong performance on MetaTrader 5.

Features:

Keyboard Shortcut
- Instantly toggle tracking mode with the 'T' key.

Compact Info Bar
- All analytics in a single line at the top-left corner for quick reference.

Analytical Metrics
- Range, Body%, UW% (Upper Wick), and LW% (Lower Wick) for in-depth analysis.

Universal Support
- Compatible with Forex (pips), Metals, Indices, and Crypto (points).

Close Time
- Displays the full date and time of candle close.

Optimized Performance
- Smart caching and debounced rendering (20 FPS) for efficient resource management.

Info Bar Format Parameters

ShowComment
(true) - Show/hide the info bar.

Show_OHLC
(true) - Include Open, High, Low, and Close prices.

Show_Volume
(true) - Display tick volume.

Show_Ratios
(true) - Show Range, Body%, UW%, and LW% ratios.

Visual Settings

LineColor
(SlateGray) - Customizable crosshair line color.

LineStyle
(Dot) - Line style options.

LineWidth
(1) - Adjust line thickness (1-5).

How to Use:

- Add the indicator to any chart.

- Hover over candles for instant analytics.

- Press 'T' or click lines to freeze/unfreeze for Support/Resistance references.

Technical Details:

- MQL5 native architecture (64-bit optimized).

- Smart caching with a sliding window (200 bars).

- Debounced rendering at 20 FPS for CPU efficiency.

You may also like: ASQ PropGuard: Real-Time Prop Firm Rule Monitor for MetaTrader 5 - excellent alternative for indicator users on MetaTrader 5.

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⚠ 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.

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