Day Trader Dashboard for MT4/MT5

Related: Failed Breakout Detector: Identifying Trapped Traders - another powerful indicator for MetaTrader 5 traders.

How it helps in real live trading

Also recommended: Spread Monitor Indicator for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.

Removes manual range-drawing: instead of eyeballing or manually drawing High/Low lines every session, the panel calculates and plots them automatically from a configurable lookback.
Instant market-state read: at a glance you know whether price is consolidating inside the range (fade opportunity) or has broken out (momentum opportunity) — no need to interpret raw candles.
Visual confirmation on the chart itself: the High/Low lines plus optional price tags mean you don't have to keep glancing at the panel text — the levels are right where price action is happening.
Multi-timeframe context: since you can run several instances with different lookbacks/timeframes at once, you can confirm setups across timeframes without switching charts.
Lightweight and stable: updates run on a timer (not on every tick) with no heavy recalculation, so it won't slow down the terminal even running continuously through a session.

Input explanations

Input What it does
Instance ID Identifies each copy of the panel; if the requested ID is already taken on the chart, the indicator automatically assigns the next free one
Range lookback (bars) Number of past bars used to compute the Range High and Low
Breakout confirmation buffer (points) How many points price must exceed the range by before it's counted as a real breakout (filters out noise/false breaks)
Panel refresh interval How often (in seconds) the panel data updates
Color theme Visual theme, chosen from a dropdown (6 presets)
Base text size Base font size for the panel
Auto-scale panel Automatically resizes the panel to fit the longest text string
Extra scale multiplier Additional manual scaling factor on top of auto-scale
Show panel Shows/hides the panel
Panel corner Anchor corner: Top Left, Top Right, Bottom Left, Bottom Right
Horizontal/Vertical offset Distance from the chosen corner, in pixels
Draw range lines on chart Toggles the High/Low horizontal lines on the price chart
Range line style Solid / Dash / Dot / Dash-Dot
Range line width Thickness of the range lines
Show floating price tags Displays the price value next to each range line

A few real trading methods

Fade the range — when status shows "WITHIN RANGE": wait for price to tag the High or Low line on the chart, look for a rejection signal (pin bar, long wick), then trade back toward the middle of the range with a stop just beyond the line.
Trade the breakout — when status flips to "BULLISH/BEARISH BREAKOUT": enter in the direction of the break right after confirmation (the buffer filters out minor false breaks), with a stop back inside the broken range level.
Opening Range Breakout (ORB) — set a small lookback (10–15 bars) right at session open to define the opening range; the first confirmed breakout from that range is often a strong signal for a directional day.
Multi-timeframe confluence — run two instances with different IDs: one on H1 for the daily range, one on M15 for shorter-term ranges; only take the trade when both show a breakout in the same direction.

You may also like: Enhanced Spread Monitor for MetaTrader 5 - excellent alternative for indicator users on MetaTrader 5.

#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "2.10"
#property strict
#property indicator_chart_window
#property indicator_plots 0
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
enum ENUM_COLOR_THEME
  {
   THEME_BLOOMBERG_BLACK,

.......

• 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.