wd. Multi Clock Price lite!
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 wd. Multi Clock Price lite!
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
"wd.Multi_ClockPrice lite!" is designed to provide a visual representation of the MT5 terminal server time and bid price on the chart. It contains basic features for displaying clock and price information.
The clock display using
OnTimer()
event function, updates the server time every second. It synchronizes with PC clock, allowing seamless updates. Even when the MT5 is disconnected/offline, the server time continues to run without depends on tick prices.
Here's how the indicator works:
Place 'server clock & bid price' labels in the specified Sub-Window:
The Sub-Window input parameter specifies the sub-window number where the labels need to be placed.
These clock and price information can be placed in the main chart or sub-window. User can also adjust label distances (Y-Position).
To place labels in the main chart, simply input '0' in the 'Sub-Window placement' properties.
Server Time Display:
The
OnTimer()
function updates the server time by adding or subtracting the specified increment (if needed).
Usually, the seconds might not match between the MT5 terminal and the server time display, so to synchronize them, user needs to adjust the seconds.
For example, if the MT5 server time is 05:28:06 and the "wd.Multi_ClockPrice lite!" displayed is 05:28:03, (Need 3 seconds adjustment).
To make the displayed server time incremented/adjusted, in the 'Seconds incremented' indicator properties, user needs to input the value 3.
Price Display:
The price is updated in real-time, showing the current bid price.
Overall, the “wd.Multi_ClockPrice lite!” indicator efficiently meets the basic need for clock and price information.
It consistently updates the server clock every second, avoiding halting time-jumping, and also updates bid prices in real-time.
Its most significant advantage lies in its utility for users who hide all MT5 control panels (Toolbars, Market Watch, Navigator, etc) to maximize their monitor screen for full multi-charts. It also has an advantage for MT5 users whose brokers don't update server/terminal time too often.
Using
OnTimer()
function with multiple EAs and many indicators running at the same time might impact overall performance, especially if other EA’s or indicators also use same timers ID function.
