Skip to content
All library documents

Using Timed Daily Vertical Lines to Mark Trading Charts

Article MQL5 code base
Read the original

Summary

This MetaTrader indicator draws a vertical line on the chart once per day at a user-selected hour and minute. Its inputs let the user choose the line’s color, style, width, background placement, and a name prefix. The user can also limit how many historical lines appear and how many future lines are drawn.

The described function is a visual charting aid: it can mark a recurring time boundary or scheduled moment for manual inspection alongside price data. If several copies are placed on one chart, each should use a distinct name prefix so their lines remain separately identified. The document supplies configuration options but no trading rule, signal logic, performance evidence, or guidance on which time to mark. The lines themselves do not establish that a marked time predicts price movements.

Key ideas

  • The indicator marks a selected hour and minute with a vertical line each day.
  • Users can configure the line’s appearance and whether it appears behind chart elements.
  • Historical and future line counts can be set as inputs.
  • Separate instances on one chart should use distinct name prefixes.
  • The indicator is a visual aid and provides no predictive signal or performance evidence.

Tags

Technical indicators

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