price line 3
Info
The price line 3 is a Indicator for MetaTrader 5 that 1. shows moving last price on bid line + symbol name + countdown of candle closing + timeframe2.
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 price line 3
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
1.
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: Quantora Candle Strength Analyzer MT5: Price Action and Wick Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Mediana Trendline: MTF Parallel Channel Indicator - similar indicator with strong performance on MetaTrader 5.
1. shows moving last price on bid line + symbol name + countdown of candle closing + timeframe2. last 24 hours percentage change
3. time based on input selection to the price line : local, gmt or current and current symbol number / total symbols from marketwatch (make sure you select current time which is on your chartbefore using)
4. color for bear and bull can be set from indicator settings
6. use arrow keys left and right to change chart symbol
You may also like: AIS Smoothed Linear Trend Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_plots 0
ENUM_TIMEFRAMES tf = PERIOD_M30; //2nd chart PERIOD for sync
string myfont="Orbitron";
bool AllowZoom=true;
string _SymbolName = "SymbolPriceLine",StringSymbolList[],Value,text,left,gmt; // Namespacing the Symbol Background...
color inpTextColorPositive = C'86,211,158'; // Positive Color.......
⚠ 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.