Market / MetaTrader 5 / Utilities /

Smart Ruler MT5

30 USD

Demo downloaded: 228

Published: 24 July 2014

Current version: 2.22

Smart Ruler MT5

Item: Smart Ruler MT5
Rating: 5
Author: Joshua Malik

Utilities
Serhii Shevchuk
Version: 2.22
Updated: 4 June 2022
Activations: 20

The tool is designed to measure the distance between two points on the chart and much more.

Measured value list:

Distance in points
Profit (with and without spread)
Time difference
Percentage change in price
Tilt angle
Number of bars
Number of bullish bars
The sum of points of bullish bars
Number of bearish bars
Sum of points of bearish bars
The ratio of the distance in points to the reference value

Features:

Magnetizing to OHLC prices
Automatically set a color profile based on the background color of the chart
Different types of pointers to choose from
Displaying the values of points selected on the chart
Different types of display of the measurement area
Double click and key control
Flexible setting of fonts and colors
Setting transparency graphics
Invisible mode (when idle, the indicator does not display anything on the screen)

How to use it:

Put the indicator into measurement mode. There are three ways how to do it: clicking the button, double-clicking the left mouse button on the chart, pressing the corresponding key.
Set the first point by clicking the left mouse button in the desired place on the chart.
Set the second point. The meter window will display the values selected in the input parameters. You can display the measurement results in the "Experts" tab by pressing the corresponding key.

Description of input parameters

General settings:

Parameter	By default	Description
Title	"Ruler"	Indicator title. Displayed on the measurement start button. When using multiple indicators "Smart Ruler" on one chart must be unique.
Stealth mode	false	Invisible mode, the button is not displayed. To start the measurement, you need to use a double click or keys.
Automatic color	true	Automatic setting of the color profile based on the background color of the chart. If you want to customize the colors yourself, set this parameter to false.

Measurement settings:

Parameter	By default	Description
Magnet mode	OHLC	Magnetizing mode to OHLC prices.
Magnet radius, px	10	The cursor must be no further than the specified value in pixels from the price (OHLC) for magnetizing to occur.
View of pointer	Cross	Pointer view (crosshair or arrow)
Pointer color	Yellow	Pointer color
Arrow code	108	Arrow code (if the pointer is an arrow), the allowed values can be found in the Wingdings table
Arrow size	8	Arrow size (if arrow is selected)
Pointer line style	Dot	Pointer line style (if pointer selected is crosshair)
View of range	Rectangle	Measurement range view - rectangular area formed by the diagonal from (T1, P1) to (T2, P2). Can be displayed as a rectangle or diagonal line with or without projections
Range color	DarkOliveGreen	The color of the lines or fill of the rectangle indicating the measurement range
Range line style	Dot	Line style if "line" or "line with projections" range view is selected

Appearance settings for button, meter window and control keys are intuitive and do not need a description.

Display of measured values is switched on by setting their position in the meter window (from 1 to 16). When setting the same position values, the values will be displayed in the order in which they appear in the input parameters.

Note 1. When you enable the option to use the spread, the current spread is used to calculate the profit.

Note 2. The horizontal deviation is more a symbolic value. It is calculated as a = arctan(dpp/(k*len)), where dpp is the distance in points, len is the number of bars (including outside bars), k is the coefficient of the time scale (parameter Angle coeff). The coefficient is chosen for every price and time scale individually.

more...

Joshua Malik 2020.12.21 08:56 #

Have been using "Smart ruler" for a couple of years. Am honestly surprised there are so few activations on what i have found to be a crucial trading instrument, for both manual and algo trading. Simple, but does what is supposed to.

866

Иван Чемадура 2015.05.09 19:34 #

Полезный инструмент!

Советую попробовать

Спасибо Автору

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Filter:

Joshua Malik 2020.12.21 08:56 #

866

Иван Чемадура 2015.05.09 19:34 #

Полезный инструмент!

Советую попробовать

Спасибо Автору

Version 2.22 2022.06.04

Fixed the error of deleting the indicator from the chart

Version 2.21 2021.06.09

Added calculation of the ratio of the distance in points to the reference value

Version 2.1 2021.04.19

Added input parameter "Do not switch off mouse move event", default value: true. Leave the default if you are using other mouse-controlled indicators with this indicator.

Version 2.0 2021.04.14

1. Completely revamped graphical interface.
2. Added keyboard controls: start measurement, cancel, change the lot size for calculating the "Profit" parameter, output the measurement results to the "Experts" tab.
3. Ability to work in the "invisible" mode, when there are no graphical objects on the graph in the idle state, enter the measurement mode by double-clicking or pressing a hotkey.
4. A prefix for the name of graphical objects has been introduced, which allows launching several indicators with different "Title" values on one chart.
5. Added parameters: percentage change in price, number of bullish bars, number of bearish bars, and others.
6. Improved algorithm magnet to the prices on the chart.
7. Added the ability to edit parameter names.