MetaTrader Crosshair Target Tool for Measuring Price and Bar Differences

Summary

This document describes a MetaTrader 5 chart indicator that adds a clickable target to a crosshair tool. It displays a trend line between the target and crosshair positions, the number of bars between them, and the price difference in pips. A later update adds the high-to-low range to the tooltips.

The description explains the indicator’s chart-measurement features and notes that it builds on an earlier MetaTrader 4 version. It gives update dates but offers no tests, trading rules, or performance evidence. The tool may help traders inspect chart distances, but the document does not explain how to use those measurements to make or evaluate trades.

Key ideas

• The indicator lets users select a target point on a MetaTrader 5 chart.
• It displays the bar distance and pip difference between the target and crosshair.
• A trend line visually connects the two chart positions.
• A later update adds high-to-low range information to tooltips.

Tags

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