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Length Movement

5

Measures the length of the selected movement in points, shows the duration of the movement, as well as the speed of movement. Outputs the average value of each dimension.
It is designed to calculate the expected target based on typical market movements.
The intended goal will provide information about the ratio of the stop size to the possible profit and will allow you not to open positions with a small expected profit.
It will also help you determine the point at which it is more logical to close a position. 

Building a line: click the "Ruler" button and draw a line (clicking the mouse - the first point of the line, where the mouse is released - the second point of the line).
(Lines, text placemarks, and the goal are only visible on the time graph where they were drawn.)

Line changes: select a line and drag it with the mouse.
When you rebuild a line, the value of the text label and the goal (if the goal is enabled) will change immediately.

Delete all measurement lines: click "Ruler_Del". During the number of seconds selected in the "Ruler_Del_Cancel" setting, the "Ruler_Del" button can be clicked to cancel, and the "Ruler_Del" command will be canceled.

Delete the selected measurement lines: select the measurement line and press "delete" on the keyboard. The text label from the measurement line will also be removed, and the goal will change.

Building a goal: the "Target" button sets/deletes a goal. To calculate the goal, you need at least two lines in different directions.

Line_Metrics - Text label of the line.
For example, we have an ascending line with the parameters: P:817 4H*10 S: 81. the line Length is 817 points, the line is drawn on a 4-hour chart, based on 10 candles, (that is, the time of the movement(line) is 40 hours).
The speed of the motion in paragraphs 81. This means that on average, each candle participating in the line construction passed 81 points.

Average_Lines_Metrics - Text label for "average values". LM: Line Up:3 P:1586 4H*40 S: 39 means that the text label of the average value is calculated based on 3 ascending measuring lines Line Up: 3 (measuring lines of 0 points, lines of other time periods and tools are not taken into account in the calculations).
The average line length in points is 1586 points P:1586.
The graph where the lines are counted is 4-hour 4H*40. On average, the line consists of 40 4h*40 candles.
On average, the price passes 39 points S:39 per candle.


The size of buttons and text labels for "average values" depends on the font in the Button_Font setting and its size in the Button_FontSize setting.
On-screen buttons can be dragged with the mouse.
You can assign keyboard shortcuts to on-screen buttons (a-Z, 0-9).


Settings

  • Ruler_key - hotkey for drawing a measuring line (you can assign (a-Z, 0-9)) .
  • Ruler_Del_key - hotkey for deleting all measuring lines (you can assign (a-Z, 0-9)) 
    (measurement lines are deleted after the pause selected in the Ruler_Del_Cancel setting).
  • Target_or_Target_Del_key - hotkey for setting / deleting a goal (a-Z, 0-9)
  • (you need at least two lines in different directions to set a goal).
  • Ruler_Del_Cancel - time to cancel the Ruler_Del_key command (in seconds).
  • Button_Background_Color - buttons background color (if Button_Background_Color=clrNONE, the buttons background is the same as the graph background color).
  • Button_Pressed_Color - color of the text and border of the Ruler button when pressed.
  • Line_Metrics_Indent - indent of the text label from the measuring line (in points).
  • Line_Metrics_Orientation - displays the labels of measuring lines vertically / horizontally / diagonally.
  • Target_Orientation - left-hand / right-hand placemark of the goal.
  • Here are the most important settings. You can also change the following characteristics for measuring lines, buttons, and text labels: color, thickness, font, and font size.
Reviews 3
krisnara123
1793
krisnara123 2020.12.15 20:57 
 

Amazing way to study the market's past.The ruler shows the points,time and speed.The Hotkey feature is very useful too.The Ruler can also be conveniently dragged to any part of the screen.Thanks Pavel for creating this !

Trader mql5
1266
Trader mql5 2019.04.24 10:15 
 

A very quick and easy way of measuring in points. It is unique and have not found anything like it! Excellent support from Pavel.

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Copy Signals from any channel that you are a member (   without the need for a Bot Token or Admin Permissions  straight to your MT4. It has been designed with the user in mind while offering many features you need This product is presented in an easy-to-use and visually attractive graphical interface. Customise your settings and start using the product within minutes! User Guide + Demo  | MT5 Version | Telegram Version If you want to try a demo please go to the User Guide. The Discord To MT4
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The indicator determines the most important component of any trading system - the possible exit point from the transaction. As the price moves, depending on the market situation, the indicator builds goals. The target becomes relevant when the price starts moving towards the target. If the movement is strong, then it may take a certain number of targets to stop or reverse price. The accumulation of targets is most likely able to stop the price. Some goals are executed several times. But the
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The indicator displays a stock chart of a non-standard type, in which the price and time have the same value. The usual chart of Japanese candlesticks does not take into account all the information that the time analysis can give. Renko charts do not use all the information that price can give in relation to time. The "Chart Price and Time" indicator takes into account price and time equally and shows the predominance of price or time. Taking into account price and time equally gives an i
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The indicator tracks sharp volatility (moments when the market has shown increased activity and movement may occur), on the selected instruments and time periods. The information is displayed as colored rectangles. Thus, it is possible to assess at a glance which tool should be given priority attention. The indicator will be useful for scalpers when they need a quick reaction or for traders working with a large number of instruments. The indicator does not redraw. The indicator displays 8 degr
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This program is designed to test ideas and acquire analytical skills. The main task of the analyst is to be able to predict the direction and range on the chart, where the price should soon come. This product cannot be tested in the tester. All the functionality is shown in full in the description and screenshots. How it works : Situations for analysis are selected at random. (The more historical data, the greater the number of examples). Click " Start Game ". Between the orange vertical li
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The Alert Creator indicator is designed to create alerts for selected conditions. You can select one or several indicators for the notification. If several conditions are selected, the alert is triggered when all the selected conditions are met. The signals can be configured separately for buying and separately for selling. Example, a buy alert: the closing price is above the moving average, the RSI is below 20. (In this example, 2 indicators are used to generate an alert: MA and RSI) At
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The indicator determines the strength of the trend and its possible reversal points, based on the author's arithmetic approach . Each new peak or trough is a trend development. Such peaks and troughs are numbered so that the strength of the trend development can be seen. Attempts to change the trend are also numbered. This gives an understanding of a possible change in the direction of the trend. Indicator signals are generated when trying to change the trend . In the settings, it is possib
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The indicator draws potential levels that may become significant support and resistance levels in the future. The longer the line, the higher the probability of a price reversal or an increase in price movement after the breakdown of this level. With a decrease in the probability of the formation of a level, the length of the line is reduced. The indicator does not require adjustment. In the settings, you can change the design of the indicator. The "L ine_Length " button is placed on t
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mambobody
462
mambobody 2022.06.28 04:25 
 

User didn't leave any comment to the rating

krisnara123
1793
krisnara123 2020.12.15 20:57 
 

Amazing way to study the market's past.The ruler shows the points,time and speed.The Hotkey feature is very useful too.The Ruler can also be conveniently dragged to any part of the screen.Thanks Pavel for creating this !

Trader mql5
1266
Trader mql5 2019.04.24 10:15 
 

A very quick and easy way of measuring in points. It is unique and have not found anything like it! Excellent support from Pavel.

Reply to review
Version 1.5 2020.12.08
Added a goal label - the goal is set automatically if the "goal" button is enabled.
(to set a goal, you need at least two lines in different directions).

Added text placemark orientation (right/left).

Added the ability to cancel the "delete all measuring lines" command
(you can select the desired number of seconds in the settings).

Average time indicators have been added to the "average values" text labels. And the number of measurement lines.
Version 1.4 2020.12.02
Added text labels for "average values".
"Average values" are calculated along the lines of the time period of the open chart.
The "measuring line" drawn on the H4 graph is visible and is taken into account in calculations only on the H4 graph.
Version 1.3 2020.12.01
1 Added new information about the line: time (now you can see the time period on which the line is drawn, and the number of candles in the line of this time period).
2 Added new information about the line: speed (average size of candlesticks in the line).
3 Improved drawing mechanism: you need to click the "Pips" button and draw on the graph (clicking the mouse is the first point of the line, where the mouse is released - the second point of the line).
4 Now you can drag the buttons with the mouse.
5 Keyboard shortcuts (you can assign keyboard shortcuts (A-Z) to on-screen buttons).
6 When you rebuild a line, the value of the text label changes immediately.
Version 1.2 2020.06.09
Recompilation.
Version 1.1 2019.06.18
Added settings:
1) indentation of the price tag.
2) option for calculating points (standard, fractional, rounded).