Utility to view the statistics for a Single Bar of any time frame
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 Utility to view the statistics for a Single Bar of any time frame
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
The utility will display the high, low, open, close and time statistics for any user selected bar of any timeframe for the symbol of the chart the utility resides on. The indicator posts an event (EventChartCustom) to process its data collection and display activities, keeping the processing time for those activities outside of the indicator's quote (OnCalculate) processing times.
User Input values:
input int Uniquifier = 3; // Display Offset and Unique Instance Number
This value mkes the object names unique t this indicator instance; change this number if you are using multiple instances of the indicator. Also, this number changes the display offset of the inidicator.
input ENUM_ON_OFF DirectClick = ON; // select bars with a mouse click
The bar to display may be selected by clicking on the chart. This turns that feature on or off. This feature on can interfere with clicking on the other controls.
Display Controls:
Bar_Up: Click this text to increment the bar for which information is displayed by one.
Bar_Dn: Click this text to decrement the bar for which information is displayed by one.
‘The Box”: This is a text input box, the number of the bar to display information about can be directly entered here.
Period: Click this text to increment the timeframe of the bar display.
There are 3 different ways to get a single bar’s statistics implemented in the indicator:
COPY_FUNCS: CopyClose, CopyHigh, CopyLow and CopyTime.
DIRECT: iClose, iHigh, iLow, iOpen and iTime.
RATES: CopyRates (to an MqlRates structure)
This is control and functionality is in the indicator purely for those who want to see how to get the information in different ways.
The Indicator also highlights the bar for which statistics are being displayed - this shows the highlight of an H4 bar on an M30 chart:
When the timeframe of the bar is less than the timeframe of the chart (or the same as the chart), this highlight can be difficult to discern.
