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Simple label indicator that shows Amplitude, Spread and Clock (time)
Info
The Simple label indicator that shows Amplitude, Spread and Clock (time) is a Indicator for MetaTrader 5 that the indicator uses up to three named label objects, with selectable color, font size, offsets, date formatting and a statistical text showing last and current candle amplitude (minmax), last and current day amplitude, current tick spread and time remaining for next candle. This indicator is useful if you wanna focus more on the charts and less on Market Watch or related windows, or publish a chart with date formatting, it will also show the Server/Broker Time, Local Time and Timezone Offsets.
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 Simple label indicator that shows Amplitude, Spread and Clock (time)
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
The indicator uses up to three named Label objects, with selectable color, font size, offsets, date formatting and a statistical text showing Last and Current Candle Amplitude (MinMax), Last and Current Day Amplitude, Current Tick Spread and Time Remaining for next Candle.
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: Simple timer next candle - another powerful indicator for MetaTrader 5 traders.
The indicator uses up to three named Label objects, with selectable color, font size, offsets, date formatting and a statistical text showing Last and Current Candle Amplitude (MinMax), Last and Current Day Amplitude, Current Tick Spread and Time Remaining for next Candle. This indicator is useful if you wanna focus more on the charts and less on Market Watch or related windows, or publish a chart with date formatting, it will also show the Server/Broker Time, Local Time and Timezone Offsets.
Also recommended: i Simple Clock - similar indicator with strong performance on MetaTrader 5.
Changelogv1.07 Some changes
v1.06 Increased debuggable information, implemented a latency to OnTimer() calls (this has nothing to do with Server Latency, just OnTimer() events)
v1.05 Some fixes
v1.02 Implemented a few incompleted functions (not used/not called), implemented and updated error checks, updated stats timer to not show negative values.
You may also like: i Simple Clock - excellent alternative for indicator users on MetaTrader 5.
⚠ 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.