Show Days of The week MT5
- Indicators
- Version: 1.0
- Activations: 5
Key Features
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Start Date Control
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Choose a specific date from which labels begin to appear.
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Prevents clutter from old history data.
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Ideal for focusing on recent or relevant trading periods.
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Latest N Days Limiter
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Input option to display labels only for the most recent N days.
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Keeps your chart uncluttered during long backtests.
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Example: Set LatestDays = 10 to only show the last 10 trading sessions.
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Font Customization
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Set your preferred font name (default: Arial).
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Adjust font size for readability.
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Choose label color to match your chart theme.
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Option to rotate text horizontally, vertically, or diagonally using orientation input.
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Label Placement (Hour of Day)
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Select the specific hour within each day to place the label.
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Default = 12:00 noon, keeping labels visually centered within the day’s candles.
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Fully customizable (0–23 hours).
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Day Selection (Toggle ON/OFF)
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Individual switches for each weekday: Sunday through Saturday.
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Full control over which days you want labeled.
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Example: Show only Monday–Friday for Forex, or include Saturday/Sunday for crypto.
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Day Format Options
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Toggle between short (e.g., Mon) and full (e.g., Monday) weekday names.
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Short format is compact and fits better on busy charts.
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Full format is clearer for presentation or reporting.
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Centered Placement
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Labels automatically position themselves at the vertical midpoint of the visible price range.
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Adjusts dynamically whenever you scroll or zoom.
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Ensures labels are always legible and evenly aligned.
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Auto Refresh
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Internal timer updates labels automatically once per day.
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Keeps the current day’s label always fresh.
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Additionally, chart events (like zoom/scroll) trigger re-centering instantly.
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Self-Cleaning Objects
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Automatically deletes old labels that no longer match your settings.
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Prevents leftover objects from cluttering your chart.
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Keeps everything neat and consistent.
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Lightweight and Non-Intrusive
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Does not use buffers or plots — only lightweight text objects.
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Zero impact on your chart calculations.
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Works alongside any other indicator or EA without conflict.
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Why Use DailyLabel.mq5?
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Better Time Awareness:
Quickly see what day of the week you’re analyzing without having to check crosshairs or the time scale. -
Cleaner Backtesting:
When scrolling through historical data, day labels help you immediately identify where Mondays or Fridays fall, which can be useful for strategies tied to weekly cycles. -
Reduced Mental Load:
No need to count bars or constantly look at the bottom time axis — the labels provide direct context. -
Customization for Any Market:
Works for Forex, stocks, commodities, or crypto.
You decide which days matter — for example, disabling weekends in Forex.
Practical Use Cases
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Intraday Traders:
Easily track sessions (e.g., see Mondays at a glance to adjust for weekly opens). -
Swing Traders:
Use the labels to mark weekly pivots and plan entry/exit strategies around specific weekdays. -
Crypto Traders:
Crypto trades 7 days a week — you can enable Saturday and Sunday labels if you wish. -
Education / Presentation:
Makes your charts cleaner and easier to explain to others during webinars, reports, or trading groups. -
Backtest Review:
Perfect for visually reviewing how your strategy performs on specific days of the week.
Technical Details
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Indicator Type: Custom (uses chart objects, no buffers).
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Chart Window: Works directly in the main candlestick chart window.
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Performance: Lightweight — labels are simple objects, minimal CPU load.
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Compatibility: MetaTrader 5, any symbol, any timeframe.
Inputs (Quick Reference)
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StartDate → First date to draw labels.
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LatestDays → Limit number of most recent days shown.
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Orientation → Horizontal, Vertical, or Diagonal.
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FontName / FontSize / FontColor → Full customization.
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LabelHour → Hour inside the day for label placement (default = 12).
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ShowSunday – ShowSaturday → Toggle each day ON/OFF.
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FullDayNames → Choose between “Mon” or “Monday”.
