Simple label indicator that shows Amplitude, Spread and Clock (time)
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 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.
Description & Settings
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.
Changelog
v1.07 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.
