Indicators: Horizontal GridLines

 

Horizontal GridLines:

Creates horizontal grid lines on the current chart for price action analysis.

Example chart

Author: Mansukh Patidar

 
Make for MT4?
 
Max:
Make for MT4?

There are plenty of MT4 grid lines. Just search this https://www.mql5.com/en/search#!keyword=grid%20lines&module=mql5_module_codebase

 

I understand that the lines are drawn based on the current price. As an addition to the markup with a different approach, I have long written and use a script that makes a static markup, but the lines are built with reference to values like 1.4900 1.4925 1.4950, etc. I noticed that near such round values the price tends to linger and "dance". Of course, everything is adjustable, pitch, colour, etc.

The script is free, so this is not an advertisement. I hope the author won't be offended by the link, it's as an addition to his labour and for the common good ))

https://www.mql5.com/en/market/product/4812#!tab=stat

Торговую утилиту Price Lines
Торговую утилиту Price Lines
  • reviews: 1
  • 2014.07.09
  • Alexey Volchanskiy
  • www.mql5.com
Скрипт Price Lines размечает уровни цен на графике. Это помогает с одного взгляда определить колебание курса валюты. Можно задавать цвет, толщину линий и их шаг. Этот скрипт особенно полезен на графике EURUSD, так как цена любит "прилипать" к...
 

is it possible to use several instances of the indicator for different levels? ie. at 100, 250, 500, etc.? 

thanks 

 
Hi, I can't use it on Gold chart. Suppose you want to see a grid line on 1120, 1130, 1140 etc. , I changed the interval to 10000, But now the grid lines are at 1123, 1133, 1143, ....

see here: https://www.mql5.com/en/charts/6289065/xauusd-h1-exness-ltd
Chart XAUUSD, H1, 2016.12.17 10:00 UTC, Exness Ltd., MetaTrader 5, Demo
Chart XAUUSD, H1, 2016.12.17 10:00 UTC, Exness Ltd., MetaTrader 5, Demo
  • www.mql5.com
Symbol: XAUUSD. Periodicity: H1. Broker: Exness Ltd.. Trading Platform: MetaTrader 5. Trading Mode: Demo. Date: 2016.12.17 10:00 UTC.
Files:
 
Looks awesome. Great job!
 

There is problem in the code. It redraws level and changes daily.


Vert bad results.

 
Good morning, please could you help me with this Horizontal GridLines MT5 Indicator, the lines should be horizontal, but they are vertical, what can I do?
 
Very nice...simple and easy and useful. Thank you for the free download!
 

Good afternoon!

the file is zipped and I can't open it, look how it looks.

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