The wd.Multi_ClockPrice lite is a handy custom indicator designed specifically for the MetaTrader 5 (MT5) platform. As the lite version of its predecessor, it offers a simplified yet effective way to display crucial trading information right on your charts.
This indicator provides a clear visual representation of the MT5 terminal server time and current bid price. With its user-friendly features, you can easily keep track of both time and price without any hassle.
Utilizing the OnTimer() event function, the indicator updates the server time every second. It perfectly syncs with your PC clock, ensuring that even if your MT5 terminal goes offline, the server time continues to run smoothly without relying on tick prices.
How the Indicator Works
- Placing Labels: You can place the 'server clock & bid price' labels in designated sub-windows. Just specify the sub-window number in the input parameter to position them where you want.
- To place the labels in the main chart, simply enter '0' in the 'Sub-Window placement' properties.
- For sub-windows below the main chart, input '1', '2', '3', etc. You’ll also need to attach the “wd.Multi_SubWindow” indicator.
Server Time Display
The OnTimer() function not only updates the server time but also allows you to increment or decrement the seconds as needed. If there’s a discrepancy between the MT5 terminal time and the server time, you can easily adjust the seconds to sync them.
For example, if your MT5 server shows 05:28:06 and the “wd.Multi_ClockPrice lite!” displays 05:28:03, you’ll need to adjust by 3 seconds.
To do this, simply enter '3' in the 'Seconds incremented' properties of the indicator.
Price Display
The indicator provides real-time updates of the current bid price, ensuring that you’re always in the know about market conditions.
In summary, the wd.Multi_ClockPrice lite! indicator is a fantastic tool for traders who need reliable clock and price information. It updates the server clock every second and provides real-time bid prices, making it a valuable addition to any trader's toolkit.
One of the standout features is its ability to be used effectively even when all MT5 control panels are hidden, allowing for a clean and focused trading environment. This is particularly useful for traders whose brokers may not frequently update server or terminal time.
Note: Utilizing the OnTimer() function alongside multiple EAs and indicators can affect overall performance. Be cautious if you're running several EAs that also use the same timer ID function.
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