Show Important Params
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Show Important Params
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 indicator shows symbol and account parameters, some of which are subject to change during important news releases or before the close of a weekly session.
The following parameters may change:
Leverage — can be decreased, e.g. during important news releases, before market close on Friday.
StopLevel — stop loss and take profit levels (in points). They may increase during the news release and at the end of the session.
MarginCall — when this drawdown level is reached, it is recommended to make a deposit or to close some deals.
StopOut — when this drawdown level is reached, broker may force close part of the losing deals. The following parameters are constantly changing, depending on the current quotes of the symbol.
PointPrice — the value of one point in the deposit currency.
SpreadSmooth — the current spread average on SpreadSmoothTicks ticks.
RealSpread — the current spread without averaging.
SpreadPrice — the value of the average spread in the deposit cirrency.
Parameters:
FontSize
FontColor
FontName
XOffset — horizontal offset from the bottom left corner in pixels
YOffset — vertical offset from the bottom left corner in pixels and the distance between lines
SpreadSmoothTicks — spread value averaging period
