Swap Meter - Live Swap Rates Monitor with Alerts
Info
The Swap Meter - Live Swap Rates Monitor with Alerts is a Indicator for MetaTrader 5 that swap meter is a live single-symbol sell/buy swap monitor with alerts. It displays the live SELL and BUY swap rates for your current chart symbol in a clean, color-coded panel and instantly alerts you the moment your broker changes either rate.
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 Swap Meter - Live Swap Rates Monitor with Alerts
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
Swap Meter is a live single-symbol sell/buy swap monitor with alerts.
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: Spread Meter - Real-Time Spread Tracker with Historical Max/Min Records - another powerful indicator for MetaTrader 5 traders.
Swap Meter is a live single-symbol sell/buy swap monitor with alerts.Also recommended: spread monitor: real-time spread and swap tracker - similar indicator with strong performance on MetaTrader 5.
It displays the live SELL and BUY swap rates for your current chart symbol in a clean, color-coded panel and instantly alerts you the moment your broker changes either rate.
Key features:
- Live SELL and BUY swap values for the active chart symbol, refreshed continuously
- Color-coded display: positive swap in green, negative in red, zero in neutral gray — know at a glance whether holding overnight pays or costs you
- Built-in change-detection alerts: get notified the instant a swap rate is updated, with popup alert, terminal log, and/or mobile push notification — each independently toggleable
- Adjustable sensitivity threshold to filter out rounding noise
- Visual flash highlight on every detected change
- Fully customizable colors, panel position, and refresh rate
- Lightweight — runs continuously with minimal CPU usage
- Sharp, modern dark-panel design
Ideal for carry traders, swing traders holding positions overnight, or anyone who wants to know immediately when their broker adjusts financing costs — without checking Market Watch manually.
For more trading tools, visit foxwavetrading.top.
You may also like: swap fee monitor panel - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_plots 0
input group "PANEL"
input int PanelX = 15;
input int PanelY = 25;
input int RefreshSeconds = 1;.......
⚠ 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.