Mastering Gain/Loss Analysis with the MT5 Indicator

Gain/Loss Info Indicator for MetaTrader 5 – This handy tool displays gains and losses for all candles whenever a specified threshold is crossed. The calculations are presented in both points and percentages, making it easier to keep track of your trades. You can analyze gains and losses in two ways: by comparing the closing and opening prices of candlesticks or by looking at the difference between the current close and the previous close. Plus, you have the flexibility to set minimum change limits for pips and percentages, switch modes, and customize the font color of the output numbers. This indicator works for both MT4 and MT5 platforms.

Input Parameters

• PercentageLimit (default = 1.0) – This sets the minimum threshold for changes to be displayed, measured in percentage points.
• PointsLimit (default = 1000) – This determines the minimum threshold for changes to be shown, measured in points.
• CloseToClose (default = true) – When set to true, the indicator compares the current close to the previous close; when false, it compares the current close to the current open.
• DisplayLossColor (default = clrRed) – This sets the color for displaying negative price changes.
• DisplayGainColor (default = clrGreen) – This defines the color for displaying positive price changes.
• MaxBars (default = 100) – This is the maximum number of bars the indicator will calculate on. Keep in mind, the higher the number, the more lagging the indicator may become.
• FontFace (default = "Verdana") – This specifies the font type used for display.
• FontSize (default = 10) – This determines the font size used for display.
• ObjectPrefix (default = "GLI-") – This is the prefix for chart objects to ensure compatibility with other indicators.

The chart above illustrates the Gain/Loss Info indicator in action on GBP/USD with a W1 timeframe. Here, the percentage limit is set to 1.0%, and the pips limit is set to 1,500 pips. The calculation mode is set to 'Close vs. Previous Close,' displaying points count for the period below the candles, while percentage changes are shown above the candles.

While this indicator isn't designed to generate trading signals, its primary aim is to simplify your market analysis and help identify bullish and bearish patterns. However, you can still leverage information on unusually large changes as potential entry or exit signals.