SD M Swap
Info
The SD M Swap is a Script for MetaTrader 5 that a script to display the swap value on financial instruments with color-coded text for positive and negative swaps. This script has been a long-term utility for the author, who finds it more optimal than an indicator.
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 to display the swap value on financial instruments with color-coded text for positive and negative swaps.
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: Swap Markup Scanner for MT4/MT5 - another powerful script for MetaTrader 5 traders.
A script to display the swap value on financial instruments with color-coded text for positive and negative swaps.Also recommended: Overnight Cost Meter: Understand and Monitor Swap Costs - similar script with strong performance on MetaTrader 5.
This script has been a long-term utility for the author, who finds it more optimal than an indicator. It is now shared for the benefit of the wider community.
In addition to swap values, the script displays:
- The name of the financial instrument, useful when the chart symbol changes.
- Date and time of value definition, as swap values may change over time, requiring re-running the script.
Inputs:
- i_delete_text_only: If set to true, the script only deletes previously set text without setting new text.
- i_color_plus: Color for positive swap text.
- i_color_minus: Color for negative swap text.
- i_font_size: Font size for the text.
- i_y: Distance from the chart top in pixels for text placement along the y-axis.
Note: This script can be used in conjunction with another utility to display swap values on the Expert Advisors tab for all symbols or selected symbols in the Market Watch window. It can also show swaps only for symbols with positive long or short swaps.
You may also like: swap monitor - excellent alternative for script users on MetaTrader 5.
Source Code
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⚠ 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.