Daily, Weekly, and Monthly Percentage Change on Currency Charts
Summary
The indicator displays a currency rate’s percentage change relative to the previous daily close directly on a chart. It can also show weekly and monthly changes, using text colors and directional arrows to distinguish rises, falls, and no change. A time-shift setting adjusts the effective daily close when a broker’s time zone differs from the assumed day boundary.
Most of the documented settings control presentation: text and arrow sizes, colors, symbols, chart corners, and pixel offsets for each period’s display. The indicator is described as compatible with MT4 and MT5. It reports price changes for visual monitoring; the document offers no trading rules, backtest, performance evidence, or guidance on interpreting those changes as signals. Results may also depend on the time shift used to align the daily boundary with the broker’s data.
Key ideas
- Daily percentage change is measured against the previous daily close and displayed on the chart.
- Weekly and monthly percentage changes can also be shown.
- A configurable time shift adjusts the effective day boundary for broker time zones.
- Colors and arrows provide visual cues for positive, negative, or unchanged prices.
- The documented settings focus on display and timing rather than trade decisions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.