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Mastering Daily Percentage Change in MT5: Your Essential Trading Indicator

Mike • 2025-01-30 12:41
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Understanding Daily Percentage Change in MT5 — This handy MetaTrader indicator calculates the change in currency rates compared to the previous daily close, displaying it in percentage points right on your main chart. It doesn't just stop at daily changes; you can also track weekly and monthly percentage shifts. Plus, you can customize colors for positive or negative price movements, making it easier to spot trends at a glance. And for those of you working with brokers that operate in unconventional time zones, the Time Shift feature allows you to adjust the end of the trading day as needed. The good news? This indicator works seamlessly on both MT4 and MT5 platforms.

Input Parameters

General Settings

  • Time Shift (default = 0) — Adjust this value to shift the effective day's end forward or backward. You can set it anywhere between -12 and 12.
  • Show Weekly (default = true) — Setting this to true will display the weekly percentage change on your chart.
  • Show Monthly (default = true) — If you set this to true, the monthly percentage change will also be shown.

Appearance Customization

  • Font Size (default = 8) — This is the size of the text that appears on your chart.
  • Arrow Size (default = 10) — This controls the size of the displayed arrows indicating price changes.
  • Up Color (default = clrGreen) — The text and arrow will appear in this color when the price changes positively.
  • Up Arrow (default = "p") — This is the Windings 3 symbol used for the upward arrow.
  • Down Color (default = clrRed) — The text and arrow will be colored this way when the price change is negative.
  • Down Arrow (default = "q") — The symbol for the downward arrow in Windings 3.
  • No Change Color (default = clrBlue) — The color of the text when the price shows no change.

Positioning on the Chart

  • X Distance for Text (default = 21) — This defines how far in pixels the daily change text is positioned from the selected corner of your screen.
  • Y Distance for Text (default = 20) — This controls the vertical distance in pixels from the chosen corner to the daily change text.
  • Text Corner (default = CORNER_LEFT_LOWER) — This is the corner of the chart where the daily change text will be displayed.
  • X Distance for Arrow (default = 5) — This sets the horizontal distance in pixels for the daily change arrow from the selected screen corner.
  • Y Distance for Arrow (default = 20) — This is the vertical distance in pixels from the chosen corner to the daily change arrow.
  • Arrow Corner (default = CORNER_LEFT_LOWER) — This is where the daily change arrow will be positioned on the chart.
  • X Distance for Weekly Text (default = 21) — Horizontal distance for the weekly change text from the chosen corner.
  • Y Distance for Weekly Text (default = 35) — Vertical distance for the weekly change text from the selected corner.
  • Weekly Text Corner (default = CORNER_LEFT_LOWER) — Corner for displaying the weekly change text.
  • X Distance for Weekly Arrow (default = 5) — Horizontal distance from the corner for the weekly change arrow.
  • Y Distance for Weekly Arrow (default = 35) — Vertical distance for the weekly change arrow from the corner.
  • Weekly Arrow Corner (default = CORNER_LEFT_LOWER) — Corner for positioning the weekly change arrow.
  • X Distance for Monthly Text (default = 21) — Horizontal distance from the corner for the monthly change text.
  • Y Distance for Monthly Text (default = 50) — Vertical distance for the monthly change text from the corner.
  • Monthly Text Corner (default = CORNER_LEFT_LOWER) — Corner for displaying the monthly change text.
  • X Distance for Monthly Arrow (default = 5) — Horizontal distance from the corner for the monthly change arrow.
  • Y Distance for Monthly Arrow (default = 50) — Vertical distance for the monthly change arrow from the corner.
  • Monthly Arrow Corner (default = CORNER_LEFT_LOWER) — Corner for positioning the monthly change arrow.

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