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Daily, Weekly, and Monthly Percentage Change in MetaTrader

Article MQL5 code base
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Summary

This document describes a chart indicator for MetaTrader 4 and 5 that displays an instrument’s percentage change relative to a daily close. It can also show weekly and monthly changes, with separate text and directional arrows whose colors indicate positive, negative, or unchanged movement. Traders can adjust the effective end of the day with a time-shift setting, which is useful when a broker’s server clock does not align with the intended trading day.

The remaining settings control display choices, including whether weekly and monthly values appear, font and arrow sizes, colors, chart corners, and pixel offsets. The document explains configuration rather than presenting a trading strategy or tested performance. It does not specify how the percentage change should inform entries, exits, or risk controls, and it provides no evidence that using the display improves trading outcomes. Results may also depend on the chosen daily boundary and the broker’s price data.

Key ideas

  • The indicator displays percentage change from a daily close and can include weekly and monthly changes.
  • A time-shift setting adjusts the effective daily boundary to account for broker time zones.
  • Colors and arrows provide a visual cue for positive, negative, or unchanged movement.
  • Display settings control the placement and appearance of text and arrows on the chart.
  • The document gives no trading rules or performance evidence for using the indicator.

Tags

ForexTechnical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.