custom crosshair cursor with synchronization
Info
The custom crosshair cursor with synchronization is a Indicator for MetaTrader 5 that useful for multi timeframe charts to locate candle of interest. it converts optionally server time to local time shown as tooltip.
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 custom crosshair cursor with synchronization
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
useful for multi timeframe charts to locate candle of interest.
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: custom macd indicator for metatrader 4/5 - another powerful indicator for MetaTrader 5 traders.
useful for multi timeframe charts to locate candle of interest.it converts optionally server time to local time shown as tooltip.
Also recommended: macd indicator with custom timeframe - similar indicator with strong performance on MetaTrader 5.
press [ctrl] or [shift] key while moving mouse on a chart to reposition the custom crosshair cursor.press [esc] to hide/show custom crosshair cursor.
latest update (2024-11-20)
maintain hidden/show state of custom crosshair cursor on indicator start/restart.
indicator parameters:
show localtime display localtime as tooltip
cursor colorcolor of crosshair cursor
cursor namesame cursor name will be synchronized using terminal global variable.
enjoy.
You may also like: custom moving average indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.20"
#property indicator_chart_window
#define prefix "_xhair_"
sinput bool localtime = true; // show localtime
sinput color cursorcolor = clrlightgray; // cursor color
sinput string cursorname = "xhair"; // cursor name
const string yline = prefix "y";
const string xline = prefix "x";.......
⚠ 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.