SD M Swap
Info
The SD M Swap is a Script for MetaTrader 5 that a script for showing the swap value on a financial instrument. The texts of positive and negative swaps are shown in different colors.
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 SD M Swap
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
A script for showing the swap value on a financial instrument.
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: Current Next Futures - another powerful script for MetaTrader 5 traders.
A script for showing the swap value on a financial instrument. The texts of positive and negative swaps are shown in different colors.
Also recommended: Demo File Read Array - similar script with strong performance on MetaTrader 5.
I have been regularly using it for long. For some reasons, it has turned out to be more optimal for me as a script than as an indicator. I'm publishing it since I suppose it may be useful not only for me.Along with swap values, it displays on the chart:
Name of the financial instrument. This may be helpful when the chart symbol changes subsequently.
Date and time of when the values were defined. There can be that swap may changes sometimes, so it may be necessary to run such a script on the chart again. Inputs
i_delete_text_only
- if you choose
true
, then this script will only delete the text set before using the script, and it will not set a new one;
i_color_plus
- color for the text of a positive swap;
i_color_minus
- color for the text of a negative swap;
i_font_size
- font size;
i_y
- distance for the text along the
y
axis in pixels (referencing from the chart top).
Note
: Using this utility, if necessary, is combined with using another one (), using which you can show the swap on the Expert Advisors tab either for all symbols or for the symbols selected in the Market Watch window. Utility SD Swap can also show the swap only for the symbols, where
swap long
or
swap short
is positive.
You may also like: To Clear Objects By Type By Time - excellent alternative for script users on MetaTrader 5.
⚠ 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.