Demo Indicator Set Double
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Demo Indicator Set Double
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
Example of using function. This is an indicator that turns upside down the maximum and minimum values of the indicator window and values of levels, on which the horizontal lines are placed.
The indicator is created in a separate window, and three horizontal lines on levels 25, 50 and 75 are also added in the same window:
Then, a signature is placed in OnInit() function for each level:
Arrived ticks are calculated during the indicator operation in tick_counter variable. The indicator window rendering changes each 10 ticks - the minimum value is changed from 0 to -100, while the maximum one - from 100 to 0. Thus, the indicator is "reversed".
