Gain/Loss Info MetaTrader indicator — displays the gains and losses for all candles where the given threshold is surpassed. The values are calculated in percentage points and pips. The indicator can calculate gain/loss in two modes: plain candlestick Close and Open difference, and as difference between current Close and previous Close. A trader may set minimum limits (for pips and percentage), change modes and control font color of the output numbers. The indicator is available for both MT4 and MT5.
The chart above shows the example usage of the Gain/Loss Info indicator on GBP/USD @ W1. The percentage limit was set to 1.0% and pips limit was set to 2,500 pips. The calculation mode was set to "Close vs. previous Close." Pips count for period is displayed below candles. Percentage change — above candles.
Obviously, it is nearly impossible to use this indicator to generate trading signals. Its main purpose is to simplify the analysis of the market situation and to make it easier to find some bullish and bearish patterns. Of course, one can still use the data about abnormally big changes as some sort of entry or exit signals.
Warning! If you do not know how to install this indicator, please read the MetaTrader Indicators Tutorial.
Do you have any suggestions or questions regarding this indicator? You can always discuss Gain/Loss Info with the other traders and MQL programmers on the indicators forums.