daily percentage change mt5
Info
The daily percentage change mt5 is a Indicator for MetaTrader 5 that daily percentage change (metatrader indicator)— calculates the change of currency rate related to the previous daily close and displays it in percentage points in the main chart window of the platform. additionally, it can display the weekly and monthly percentage changes.
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 daily percentage change mt5
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
daily percentage change (metatrader indicator)— calculates the change of currency rate related to the previous daily close and displays it in percentage points in the main chart window of the platform.
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: Quantora ADR Calculator MT5 - Professional Average Daily Range Indicator for MetaTrader 5 - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Trading Journal Panel MT5: Professional Daily Trading Performance Analyzer - similar indicator with strong performance on MetaTrader 5.
daily percentage change (metatrader indicator)— calculates the change of currency rate related to the previous daily close and displays it in percentage points in the main chart window of the platform. additionally, it can display the weekly and monthly percentage changes. different colors can be set for positive or negative price increases. also, a small customizable arrow helps to visualize the price change direction. if your uses an unconventional time zone, the indicator can use
time shift
parameter to adjust the hour it will use for the day's end. the indicator works equally well in mt4 and mt5.
input parameters general
time shift
(default = 0) — if non-zero, shifts the effective day's end forward or backward. can be between -12 and 12.
show weekly
(default = true) — if true, weekly percentage change will be shown on chart.
show monthly
(default = true) — if true, monthly percentage change will be shown on chart. appearance
font size
(default = 8) — font size for displayed text.
arrow size
(default = 10) — font size for displayed arrow.
up color
(default = clrgreen) — the color of the text and arrow when price change is positive.
up arrow
(default = "p") — the windings 3 symbol for the increase arrow.
down color
(default = clrred) — the color of the text and arrow when price change is negative.
down arrow
(default = "q") — the windings 3 symbol for the decrease arrow.
no change color
(default = clrblue) — the color of the text when there is no change in price. positioning
x distance for text
(default = 21) — horizontal distance in pixels from the chosen screen corner to the daily change text.
y distance for text
(default = 20) — vertical distance in pixels from the chosen screen corner to the daily change text.
text corner
(default = corner_left_lower) — chart corner to display the daily change text.
x distance for arrow
(default = 5) — horizontal distance in pixels from the chosen screen corner to the daily change arrow.
y distance for arrow
(default = 20) — vertical distance in pixels from the chosen screen corner to the daily change arrow.
arrow corner
(default = corner_left_lower) — chart corner to display the daily change arrow.
x distance for weekly text
(default = 21) — horizontal distance in pixels from the chosen screen corner to the weekly change text.
y distance for weekly text
(default = 35) — vertical distance in pixels from the chosen screen corner to the weekly change text.
weekly text corner
(default = corner_left_lower) — chart corner to display the weekly change text.
x distance for weekly arrow
(default = 5) — horizontal distance in pixels from the chosen screen corner to the weekly change arrow.
y distance for weekly arrow
(default = 35) — vertical distance in pixels from the chosen screen corner to the weekly change arrow.
weekly arrow corner
(default = corner_left_lower) — chart corner to display the weekly change arrow.
x distance for monthly text
(default = 21) — horizontal distance in pixels from the chosen screen corner to the monthly change text.
y distance for monthly text
(default = 50) — vertical distance in pixels from the chosen screen corner to the monthly change text.
monthly text corner
(default = corner_left_lower) — chart corner to display the monthly change text.
x distance for monthly arrow
(default = 5) — horizontal distance in pixels from the chosen screen corner to the monthly change arrow.
y distance for monthly arrow
(default = 50) — vertical distance in pixels from the chosen screen corner to the monthly change arrow.
monthly arrow corner
(default = corner_left_lower) — chart corner to display the monthly change arrow.
You may also like: Quantora Daily Profit Loss Monitor MT5 - Professional Trading Performance Dashboard - excellent alternative for indicator users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property version "1.00"
#property strict
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property indicator_chart_window
#property indicator_plots 0
input int Time_Shift = 0; // Time shift for day start (-12 to +12 hours)
input bool Show_Weekly = true; // Show weekly change?.......
⚠ 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.