Price in polar coordinate system
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 Price in polar coordinate system
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
I want to remind you that for you to see the maximum data history on the screen, you need to set unlimited in the settings "Max bar in chart"(Tools ->Options->Charts).
The position of the mouse changes the parameters of the polar coordinate system:
Changes in the start date of data output are set using the mouse position on the X axis (the maximum amount of data will be displayed when the mouse pointer is in the leftmost position)
Changing the period of one loop is the position of the mouse pointer along the Y axis (the minimum period is the position at the very top)
Click on the left mouse button to commit the changes.
Pressing the "D" key toggles the chart between two modes:
The size of the circle is formed from a fixed number of bars
The size of the circle is a fixed time interval. If you use the minute chart, then one loop is a day (24 hours). 0 hours is the top, noon is the bottom. The color is responsible for the date. At the very bottom is given a color scale. By placing the mouse pointer on this scale, you can see the date. You can see the price by placing the mouse pointer on the chart.
