News Indicator with Vertical Lines
Info
The News Indicator with Vertical Lines is a Script for MetaTrader 5 that this script enhances your metatrader platform by adding vertical lines to your charts, indicating news events. It outlines calendar events with vertical lines, providing a clear visual representation of news occurrences.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use News Indicator with Vertical Lines
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
This script enhances your MetaTrader platform by adding vertical lines to your charts, indicating news events.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: exporting indicator values to csv files - another powerful script for MetaTrader 5 traders.
This script enhances your MetaTrader platform by adding vertical lines to your charts, indicating news events.Also recommended: Stop Out Price Indicator - similar script with strong performance on MetaTrader 5.
It outlines calendar events with vertical lines, providing a clear visual representation of news occurrences.
Key features:
- News Description in Tooltips: Event names and times are displayed in line tooltips for quick reference.
- Customization: Adjust line width and color to suit your preferences.
To fully utilize this script, add news events to your chart via the 'Calendar' tab in the toolbox window.
This tool offers a simple yet effective way to visualize news events, aiding in your trading decisions.
You may also like: Indicator Signal Logger - excellent alternative for script users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property script_show_inputs
input color color_line=clrorange; //
input enum_line_style style_line=style_dashdot; //
void onstart()
{
long chid=chartid();
int total=objectstotal(chid,0,obj_event);.......
⚠ 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.