Gain Loss Info
Info
The Gain Loss Info is a Indicator for MetaTrader 5 that shows current gain and loss for all candlesticks exceeding the specified threshold. Values are calculated in percentage and points.
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 Gain Loss Info
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
Shows current gain and loss for all candlesticks exceeding the specified threshold.
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: Risk Lot Calculator: Calculate Lot Size Based on Risk and Stop Loss - another powerful indicator for MetaTrader 5 traders.
Shows current gain and loss for all candlesticks exceeding the specified threshold. Values are calculated in percentage and points.Also recommended: Daily Profit/Loss Percentage Overlay for Prop Firm Daily Loss Limits - similar indicator with strong performance on MetaTrader 5.
The indicator calculates gain/loss in two modes: simple difference between open and close prices, and difference between current close and previous close. Users can set minimum thresholds, change calculation modes, and control font colors for displayed values.
Input Parameters:
- PercentageLimit (default = 1.0) — Threshold for displaying percentage point changes.
- PipsLimit (default = 1000) — Threshold for displaying changes in broker points.
- CloseToClose (default = true) — Compares current close price with previous close price if true, or with current open price if false.
- DisplayLossColor (default = red) — Color for negative changes (losses).
- DisplayGainColor (default = green) — Color for positive changes (gains).
- DisplayDistance (default = 100) — Distance from the maximum candlestick price to the displayed gain/loss value in broker points.
- MaxBars (default = 100) — Maximum number of bars to process. Higher values may slow down the indicator.
Tips:
This indicator is not intended for trade signals but to simplify market analysis and identify bullish/bearish patterns. Users can experiment with using abnormally large changes as signals for position management.
You may also like: Risk Calculator Panel with Draggable Stop Loss and Take Profit Lines - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.0"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window
#property indicator_plots 0
input double percentagelimit=1.0; // percentagelimit - will not display number if percentage gain/loss is below limit.
input int pipslimit=1000; // pipslimit - will not display number if pips gain/loss is below limit.
input bool closetoclose=true;.......
⚠ 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.