Gain/Loss Info

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.

Input parameters:

• PercentageLimit (default = 1.0) — minimum threshold for the change to be displayed; in percentage points.
• PipsLimit (default = 1000) — minimum threshold for the change to be displayed; in broker's pips.
• CloseToClose (default = true) — if true, the indicator will compare current Close to previous Close; if false, it will compare current Close to current Open.
• DisplayLossColor (default = Red) — color of the negative price change display.
• DisplayGainColor (default = Green) — color of the positive price change display.
• DisplayDistance (default = 100) — distance from bar's High to displayed gain/loss value; in broker's pips.
• MaxBars (default = 100) — maximum number of bars to calculate the indicator on. The higher is the number the more laggy indicator becomes.

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.

Downloads:

Gain/Loss Info for MetaTrader 4 in .zip

Gain/Loss Info for MetaTrader 4 in .mq4

Gain/Loss Info for MetaTrader 5 in .zip

Gain/Loss Info for MetaTrader 5 in .mq5

Discussion:

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.