• Overview
  • Reviews (2)
  • Comments (6)
  • What's new

Smart Ruler MT5

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:

  1. 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.
  2. Set the first point by clicking the left mouse button in the desired place on the chart.
  3. 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.
Please do not download the demo version of this product. It does not work correctly in the strategy tester. Use the free version of Smart Ruler MT5 Demo to evaluate product features

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.

Reviews 2
Joshua Malik
371
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.

Иван Чемадура
878
Иван Чемадура 2015.05.09 19:34 
 

Полезный инструмент!

Советую попробовать

Спасибо Автору

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The indicator plots horizontal support and resistance levels using grouping of extrema. The levels are displayed as lines whose color depends on how many times the level was a support or resistance line over the specified interval. You can also display counters for support, resistance and age of the level in text format. The age of the level indicates how many bars back the level had the most recent impact on the price (on the chart time frame as specified in the settings). Given the age of the
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The utility is designed to build the TOP of signals using the user's own formula. And also, to obtain the statistical characteristics of a trading history downloaded as a file from the "Signals" service. Tab " TOP Builder " works as follows: The utility receives a list of signals available in the terminal. The received signals are filtered by the condition specified in the "pre-filter" field. For signals filtered, the statistical characteristics are calculated, then the user parameter specified
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The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
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RS Levels MT5
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Serhii Shevchuk
The indicator plots horizontal support and resistance levels using grouping of extrema. The levels are displayed as lines whose color depends on how many times the level was a support or resistance line over the specified interval. You can also display counters for support, resistance and age of the level in text format. The age of the level indicates how many bars back the level had the most recent impact on the price (on the chart time frame as specified in the settings). Given the age of the
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Joshua Malik
371
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.

Иван Чемадура
878
Иван Чемадура 2015.05.09 19:34 
 

Полезный инструмент!

Советую попробовать

Спасибо Автору

Reply to review
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.