AtoZ Markets indicator gallery now offers the Loss/Gain Info Indicator for free.
Gain/Loss Information MetaTrader indicator shows the gains and losses of all candles that have exceeded the specified threshold. These values are expressed in percentage points or pips. Gain/loss can be calculated in two modes: Open difference and plain candlestick Close. Also, the indicator can calculate the difference between current Close (and previous Close) The indicator can be modified by traders to change the modes or alter the font color. This indicator is available in both MT4 as well as MT5.
How can you trade with the Gain/Loss Indicator
The chart below shows an example of Gain/Loss Info indicators on EUR/USD W1 timeframe. The percentage limit was 1.0%, while the pips limit were 2,500 pips. The calculation mode was "Close vs. Previous Close." Below candles, the pips count for a period is shown. Percentage change -- Above candles
It is almost impossible to use this indicator for trading signals. This indicator is designed to simplify market analysis and make it easier for traders to identify bullish or bearish patterns. You can use data on abnormally large changes as entry signals or exit signals.
How do I download and install an indicator
These steps will help you install the indicator onto your MT4/MT5 platform.
- At the bottom of your screen, click on the " download indicator" button.
- Save the file to your hard drive.
- Move the files to the MT5>Indicator directory in the MetaTrader4 software program file directory.
- Start your Metatrader platform.
- Navigate to " Indiators."
- To apply the "Gain/Loss Information Indicator" to the chart, select it.
Note that This indicator has been created by a third-party. AtoZ Markets has no copyrights to this trading tool.