figure builder
Info
The figure builder is a Indicator for MetaTrader 5 that the tool draws a shape based on a number of points added to a chart. press and hold ctrl and left-click on a chart to add a point.
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 figure builder
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 tool draws a shape based on a number of points added to 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: Point and Figure - another powerful indicator for MetaTrader 5 traders.
the tool draws a shape based on a number of points added to a chart. press and hold ctrl and left-click on a chart to add a point. once the 'dots max number' points is added to chart, the program plots a shape.
Also recommended: Figurelli Series Indicator - similar indicator with strong performance on MetaTrader 5.
all commands:ctrl + left click - add a point on the chart.
ctrl + backspace - undo the last action.
ctrl + delete - delete all graphical objects from the chart. the command deletes all graphical objects with the names starting with the characters specified in 'objects prefix name'. the prefix can be specified as 'name' or 'name*' – the two ways work the same. settings
objects prefix name
- the prefix, based on which all objects whose name start with the specified set of characters will be deleted. the prefix can be specified as 'name' or 'name*' – the two ways work the same. if an empty string is specified here, 'figure' will be used as the prefix.
the "dot" block
dots max number
- number of points; once they are added, the program will draw a shape.
empty dot code
- the code of an empty point.
empty dot width
- the width of an empty point.
filled dot code
- point code of a drawn shape.
filled dot width
- the width of a point of the drawn shape.
the "line" block
first dot line left ray
- drawing the line on the first point as a ray to the left.
last dot line right ray
- drawing the line on the last point as a ray to the right.
lines color
- the color of the shape lines.
lines style
- the style of the shape lines.
lines width
- the width of the shape lines. examples
You may also like: relation - chart builder legacy - 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.