horizontal grid controller
Info
The horizontal grid controller is a Indicator for MetaTrader 5 that horizontal grid controller with keyeventsl -> increase grid pointsk - > decrease grid pointsj - > reset grid points to defaultit also shows comment on chart about actual grid points size.
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 horizontal grid controller
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
horizontal grid controller with keyeventsl -> increase grid pointsk - > decrease grid pointsj - > reset grid points to defaultit also shows comment on chart about actual grid points size.
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: setka (grid) indicator for metatrader 4/5 - another powerful indicator for MetaTrader 5 traders.
horizontal grid controller with keyevents
l -> increase grid points
Also recommended: Vertical Horizontal Filter (VHF) - similar indicator with strong performance on MetaTrader 5.
k - > decrease grid pointsj - > reset grid points to default
it also shows comment on chart about actual grid points size.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_plots 0
input int Step=50; // vertical grid step in points
input int Figure=1000; // figure step
input int MaxBars=0; // bars in history (0 - all history)
input color new_Hfigure=clrDimGray; // new figure
input color new_Hline =clrDimGray; // new line.......
⚠ 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.