Hello friends,
I hope you're all doing well, now with the transition to the MT5 version for some it's something long awaited, but I've seen that many of you continue to follow the evolution and want to learn more and more with this beautiful strategy and so I'm going to return an indicator that started with a simple idea a few weeks ago through two contributions made:
Vertical line on the current candle:
post1295388573.html#p1295388573
Checklist
post1295546480.html#p1295546480
CustomWatermark
post1295545909.html#p1295545909
Background properties
post1295562474.html#p1295562474
And so I decided to start learning a bit more about MQL4 and now MQL5 with Grok at the suggestion of xard777 a few posts ago and to accept the challenge of wanting to learn more and putting challenges and integrations between various ideas and bringing something unique to everyone.
What does the code do?
Imagine you’re looking at a price chart, like the ones people use to track financial markets (stocks, currencies, etc.). This code is a tool that adds helpful features to the chart to make it easier for someone to make decisions. It does a few things at once:
1. Highlights time periods: It draws colored rectangles on the chart to mark different time zones during the day. For example, it might show 2:00 to 11:00 in one color, 10:00 to 18:30 in another, and so on. This helps the person focus on specific times that might matter.
2. Changes the chart’s look: It can change the colors of the background, lines, and other parts of the chart based on the time of day. It’s like the chart comes alive, switching its appearance to make it easier to read or nicer to look at.
3. Adds info in the corner: It puts text or pictures in the corner of the chart, like the name of what you’re tracking (e.g., “dollar” or “gold”) or a custom message. You can click a picture to turn the colored zones and color changes on or off.
4. Gives you a to-do list: It creates a small box with a list of items you can check off as “done.” It’s like a reminder list to make sure you think about important things before acting (e.g., “Did I check the risk?” or “Is the price going up?”).
5. Draws a vertical line: It adds a straight line on the chart to mark a specific moment in time, like right now or something important that happened.
Strengths
• Keeps things organized: The colored zones and checklist help you stay focused on what’s important and not get lost in all the chart information.
• Looks nice: The changing colors and rectangles make the chart more interesting and easier to understand, especially if you stare at it for a long time.
• Customizable: You can pick the time zones, text colors, and list items, making it fit how you like to work.
• Grabs your attention: The vertical line and highlighted zones point out key moments, so you don’t miss anything big.
• Easy to use: Just click the picture in the corner to switch things on or off—no complicated steps.
Weaknesses
• Can feel confusing at first: If you’re not used to it, all the colors and extras on the chart might look messy until you figure out what they mean.
• Not always useful: If you don’t need time zones or a checklist, a lot of what it does might feel unnecessary and take up space for no reason.
• Changes too much: The colors shifting every hour could distract you instead of helping, especially if you like things simple and steady.
• Doesn’t predict anything: It only organizes and highlights what’s already on the chart—it won’t tell you what happens next, so you still have to think hard on your own.
• Needs setup: If the times or list aren’t set up well, it might not help much, and fixing it could take effort.
Summary
This tool is like a visual assistant for people using price charts. It organizes time, changes colors to spotlight important stuff, and gives you a list to stay on track. It’s great for anyone who likes things clear and structured, but it might feel too busy or unnecessary if you prefer something plain or don’t need extra help. It works best for people who already know what to watch and just want a boost to stay focused and organized!
And some personal notes.
The purpose of these sessions is not to detract from xard's excellent work on the sessions indicator, but rather to allow you to go to another level and focus on the times when the markets are most volatile and then have the ability and focus. For this point, I'd like to thank Samoth (
post1295531941.html#p1295531941) and nathanvbasko (
post1295560362.html#p1295560362) for an easy-to-read table. Thank you both very much.
In zip attached you will find:
MQL4
|
| +---Images
| +------forex-station.com.ico , use to reference this community
| +------top_left.bmp , is image used when button is activated. And you can use your personalized image you have in your avatar.
| +------top_left_bw.bmp , is image used when button is disactivated. And you can use your personalized image you have in your avatar.
| +---Indicators
| +------CustomWatermark.ex4 , indicator compiled
| +------CustomWatermark.mq4, indicator in open source
All the parameters are configurable and that's why I'm sharing it in open code to wait for your suggestions and comments, because I believe in it.