Delete Trade Arrows
Info
The Delete Trade Arrows is a Indicator for MetaTrader 5 that the deletetradearrows utility is designed to remove arrow objects that mark transactions on a chart. To use:Drop transactions from the trading history onto the charts.
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 Delete Trade Arrows
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
The deletetradearrows utility is designed to remove arrow objects that mark transactions on a chart.
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: Failed Breakout Detector: Identifying Trapped Traders - another powerful indicator for MetaTrader 5 traders.
The deletetradearrows utility is designed to remove arrow objects that mark transactions on a chart.Also recommended: Spread Monitor Indicator for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.
To use:
Drop transactions from the trading history onto the charts. If there are too many arrows, you can delete the excessive ones:
- Pending order arrows
- From-the-specified-date order arrows
- Upon-the-specified-date order arrows
This utility is also suitable for analyzing the trading history of a selected signal. To do this, go to the Signals tab in the terminal, select the appropriate signal, and show the arrow objects using the Show in Chart command.
The screenshot below demonstrates the utility's use. For convenience, it is implemented as an indicator, allowing you to refine external parameters on the running indicator for restarting. If it were a script, you would need to restart from the beginning, selecting interval limits for removing objects.
You may also like: Enhanced Spread Monitor for MetaTrader 5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
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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.