Show Days of The week MT5

Key Features 

• Start Date Control

  • Choose a specific date from which labels begin to appear.

  • Prevents clutter from old history data.

  • Ideal for focusing on recent or relevant trading periods.

• Latest N Days Limiter

  • Input option to display labels only for the most recent N days.

  • Keeps your chart uncluttered during long backtests.

  • Example: Set LatestDays = 10 to only show the last 10 trading sessions.

• Font Customization

  • Set your preferred font name (default: Arial).

  • Adjust font size for readability.

  • Choose label color to match your chart theme.

  • Option to rotate text horizontally, vertically, or diagonally using orientation input.

• Label Placement (Hour of Day)

  • Select the specific hour within each day to place the label.

  • Default = 12:00 noon, keeping labels visually centered within the day’s candles.

  • Fully customizable (0–23 hours).

• Day Selection (Toggle ON/OFF)

  • Individual switches for each weekday: Sunday through Saturday.

  • Full control over which days you want labeled.

  • Example: Show only Monday–Friday for Forex, or include Saturday/Sunday for crypto.

• Day Format Options

  • Toggle between short (e.g., Mon) and full (e.g., Monday) weekday names.

  • Short format is compact and fits better on busy charts.

  • Full format is clearer for presentation or reporting.

• Centered Placement

  • Labels automatically position themselves at the vertical midpoint of the visible price range.

  • Adjusts dynamically whenever you scroll or zoom.

  • Ensures labels are always legible and evenly aligned.

• Auto Refresh

  • Internal timer updates labels automatically once per day.

  • Keeps the current day’s label always fresh.

  • Additionally, chart events (like zoom/scroll) trigger re-centering instantly.

• Self-Cleaning Objects

  • Automatically deletes old labels that no longer match your settings.

  • Prevents leftover objects from cluttering your chart.

  • Keeps everything neat and consistent.

• Lightweight and Non-Intrusive

  • Does not use buffers or plots — only lightweight text objects.

  • Zero impact on your chart calculations.

  • Works alongside any other indicator or EA without conflict.

Why Use DailyLabel.mq5?

• 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

1. Intraday Traders:
   Easily track sessions (e.g., see Mondays at a glance to adjust for weekly opens).

2. Swing Traders:
   Use the labels to mark weekly pivots and plan entry/exit strategies around specific weekdays.

3. Crypto Traders:
   Crypto trades 7 days a week — you can enable Saturday and Sunday labels if you wish.

4. Education / Presentation:
   Makes your charts cleaner and easier to explain to others during webinars, reports, or trading groups.

5. Backtest Review:
   Perfect for visually reviewing how your strategy performs on specific days of the week.

Technical Details

• Indicator Type: Custom (uses chart objects, no buffers).

• Chart Window: Works directly in the main candlestick chart window.

• Performance: Lightweight — labels are simple objects, minimal CPU load.

• Compatibility: MetaTrader 5, any symbol, any timeframe.

Inputs (Quick Reference)

• StartDate → First date to draw labels.

• LatestDays → Limit number of most recent days shown.

• Orientation → Horizontal, Vertical, or Diagonal.

• FontName / FontSize / FontColor → Full customization.

• LabelHour → Hour inside the day for label placement (default = 12).

• ShowSunday – ShowSaturday → Toggle each day ON/OFF.

• FullDayNames → Choose between “Mon” or “Monday”.