Daily Percentage Change MT5
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 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.
Description & Settings
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.
