Swap Fee Monitor Panel
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 Swap Fee Monitor Panel
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
Swap Monitor Panel
is a lightweight, fully customizable indicator that overlays a live swap rate dashboard directly on your MT5 chart. It scans every symbol in your MarketWatch window and presents long swap, short swap, estimated daily cost, and weekly cost side by side — all in one clean, readable panel.
Key Features
Live MarketWatch scanning
— automatically reads all symbols currently in your MarketWatch; no manual configuration needed.
Multi-mode swap calculation
— correctly handles all MT5 swap modes: points, currency (symbol/deposit/margin), and interest-based (current/open price), so monetary cost estimates are as accurate as possible.
Daily & Weekly cost columns
— shows the estimated real monetary cost or gain per your chosen lot size for both long and short positions, updated every 5 seconds.
Best swap highlighting
— optionally highlights the symbol with the most favorable long or short swap in accent color, helping you quickly spot carry trade opportunities.
Flexible sorting
— sort the table by symbol name (A–Z), best long swap, best short swap, or best daily cost with a single input change.
Minimize / Close controls
— title bar buttons let you collapse the panel to just its header bar or remove it from the chart entirely without detaching the indicator.
Fully themeable
— every color (background, rows, positive/negative values, accent, title) is exposed as an input parameter so the panel fits any chart theme.
Font & layout control
— choose your preferred font, font size, panel X/Y position, and toggle the daily/weekly cost columns on or off to keep the panel as compact or detailed as you need.
How It Works
On load, the panel reads swap rates and contract specifications for each MarketWatch symbol using native SymbolInfo functions. It then converts raw swap values into monetary terms based on the symbol's swap mode, tick value, and your reference lot size. The panel refreshes automatically every 5 seconds via a timer and can also be manually refreshed by clicking anywhere on the panel body.
Use Cases
Identifying positive carry (swap-positive) opportunities across your watchlist
Comparing rollover costs before holding positions overnight or over the weekend
Monitoring weekly swap exposure for a given lot size across multiple instruments
