Size of candles 2 (text)
Info
The Size of candles 2 (text) is a Indicator for MetaTrader 5 that about synchronization of bars and graphical objects. Graphical objects accountingThe names of objects are stored in the m_arr_names[]array, its size is equal to the InpNumberOfBarsinput.
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 Size of candles 2 (text)
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
About synchronization of bars and graphical objects.
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: XANDER Pulse Candles - another powerful indicator for MetaTrader 5 traders.
About synchronization of bars and graphical objects.Graphical objects accounting
The names of objects are stored in the
Also recommended: Heiken-Ashi Indicator: A Synthetic Candlestick Approach - similar indicator with strong performance on MetaTrader 5.
m_arr_names[]array, its size is equal to the
InpNumberOfBars
input. Why do we use an array instead of a simple string variable? This is a kind of reserve for the future.
Forming an object name
The name of the object corresponding to the 'index' bar is formed by the following formula:
When you need to delete all objects
:
removing the indicator form the chart;
closing the terminal (if the indicator was running on the chart);
loading a template, if the indicator is running on this chart;
closing the chart on which the indicator was running;
changing the profile, if the indicator is running on one of the charts of the previous profile;
changing the symbol and/or timeframe of the chart, on which the indicator is running;
changing the indicator inputs.
Therefore, we completely delete created graphical objects:
in OnDeinit()
in OnInit() (this is just in case, if there are undeleted orphan objects)
in OnCalculate(), when prev_calculated==0.
We also clear the
m_arr_names[]
array:
In OnCalculate(), when prev_calculated==0 or when prev_calculated!=rates_total
Maintaining a constant number of graphical objects:
when a new bar (bars) appears, the prev_calculated!=rates_total condition triggers. In this case, all objects are deleted, and the
m_arr_names[]
array is cleared.
You may also like: Color Candles Daily - 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.