id compare hh ll and delta base
Info
The id compare hh ll and delta base is a Indicator for MetaTrader 5 that this oscillator shows in form of a histogram the differences in points between the successive:high of bars/candlesticks; low of bars/candlesticks. it also shows them in different colors, depending on:high and low directions; amount of points set in the properties.
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 id compare hh ll and delta base
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
this oscillator shows in form of a histogram the differences in points between the successive:high of bars/candlesticks; low of bars/candlesticks.
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: Footprint X Ray: Advanced Order Flow and Volume Delta Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: institutional cumulative volume delta (cvd) indicator - similar indicator with strong performance on MetaTrader 5.
this oscillator shows in form of a histogram the differences in points between the successive:high of bars/candlesticks;
low of bars/candlesticks.
it also shows them in different colors, depending on:
high and low directions;
amount of points set in the properties. features of histogram columns
above the zero line shown in the separate window of this indicator are the differences between
high[n]
and
high[n-1]
;
below the zero line are the differences between
low[n]
and
low[n-1]
;
showing in different colors depending on the high and low directions and on the sizes in points:
for (
high[n] < high[n-1]
), as well as for (
low[n] < low[n-1]
):
if the difference in points is greater than that set in the indicator properties, the default color =
darkslategray
;
if it is lower than that set in the properties, then the color =
deeppink
.
for (
high[n] > high[n-1]
), as well as for (
low[n] > low[n-1]
):
if the absolute difference in points is greater than that set in the indicator properties, then the default color =
lightgreen
;
if it is lower than that set in the properties, then the color =
gold
.
histogram is plotted starting from the first bar following the zeroth bar. input parameters
i_delta_base
- difference in points, for the values below which the following display colors are set by default:
deeppink
and
gold
;
i_bars
- the number of the last bars, for which the indicator values will be shown.
You may also like: Heiken Ashi Delta Indicator - 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.