Daily Price Ruler Pro

Daily Price Ruler Pro - Visual Grid for Daily Open Levels

An essential visual tool that creates a dynamic, customizable "Price Ruler" anchored to the Daily Open price. Perfect for day traders to track pip/point distances from the start of the day at a glance.

Full Description: Daily Price Ruler Pro is a lightweight, highly customizable indicator designed for precise price action and distance tracking. It automatically plots a vertical "Ruler Body" ahead of the current price action, with horizontal tick levels originating from the Daily Open price.

Traders often need to know exactly how far the current price has traveled from the daily open. Instead of manually measuring distances with a crosshair, this indicator instantly visualizes clean, equidistant grid levels (Up and Down) directly on your chart, saving you time and improving your market analysis speed.

Key Features:

  • Dynamic Anchor: Automatically detects the start of a new day and sets the Center Level at the Daily Open price.
  • Forward-Looking Display: The ruler is cleanly plotted in front of the current price action (shifted to the future space) so it never obscures your candlesticks.
  • Timeframe Independent: The ruler visually adapts to any timeframe (M1, H1, D1, etc.) without distortion.
  • Customizable Price Steps: Define your own step size (e.g., every 10 pips, 50 pips, or 100 points) depending on the traded instrument (Forex, Gold, Indices).
  • Color-Coded Levels: Easily distinguish between bullish (Up) and bearish (Down) territory with customizable colors.
  • Clean & Lightweight: Optimized code that will not slow down your MetaTrader 5 terminal.

Input Parameters:

  • Step Size (e.g. 1.0 = 100 pips for Gold): Set the price distance between each horizontal level. (For standard Forex pairs like EURUSD, you might use 0.0010 for 10 pips).
  • Number of Up/Down Levels: How many levels to draw above and below the Daily Open.
  • Center Line Color (Daily Open): Color of the Daily Open baseline.
  • Upward Levels Color: Color of all lines above the open price.
  • Downward Levels Color: Color of all lines below the open price.
  • Length of Tick Lines (Bars): How wide the horizontal tick lines should be (based on the current timeframe).
  • Shift Forward (Bars future): How many bars into the future the ruler should be shifted to stay ahead of the current price action.

How to use: Simply attach the indicator to any chart. Ensure you have the "Shift End of the Chart" enabled in your MT5 toolbar so there is blank space on the right side of the chart for the ruler to display properly. Adjust the  Step Size  according to the volatility of the specific symbol you are trading.


Другие продукты этого автора
Multi Time frame
Hoai Phuong Tran
Индикаторы
Multi TimeFrame Candle Indicator Description: Tired of switching between charts to analyze multiple timeframes? The Multi TimeFrame Candle Indicator solves this problem by displaying candlestick data from any higher time frame directly on your current chart. Gain a broader market context and make more informed trading decisions without the clutter. Key Features: View Any Timeframe: Easily display candles from any larger time period (e.g., see H1 candles on your M15 chart). Customizable Appeara
Buy Sell Multiple MT4
Hoai Phuong Tran
Утилиты
Buy Sell Multiple Panel - Execute Bulk Orders in a Single Click! Description: Save time and seize market opportunities instantly. This powerful panel allows you to place multiple buy or sell orders simultaneously, each with custom lot sizes, take-profit, and stop-loss levels. Perfect for sophisticated entry strategies and managing complex trades efficiently. Key Features: Bulk Order Execution:   Open multiple market orders at once with just one click. Flexible Lot Sizing:   Set individual lot
DCA Hedging
Hoai Phuong Tran
Эксперты
DCA Hedge EA - Advanced Money Management Algorithm Overview DCA Hedge EA is a sophisticated automated trading robot, designed to effectively implement Dollar-Cost Averaging (DCA) and risk management strategies. The EA operates completely independently, eliminating subjective emotions and optimizing position averaging in volatile markets. Key Features DCA Strategy:   Calculates optimal entry points and increases volume at pre-defined price levels to lower the average cost, while simultaneously
Breakeven Line V2
Hoai Phuong Tran
Индикаторы
Breakeven Line v2 Indicator   is a MetaTrader indicator that calculates breakeven level based on all open positions and displays it on your chart as a horizontal line. Additionally, it will calculate the total number trades, the total number of lots, and the distance to the breakeven line in points and profit/loss. The indicator is available for MetaTrader 5 . Why use Breakeven Line Indicator? When you have multiple trades opened on a single symbol, it can be difficult to tell where your averag
DCA Smart
Hoai Phuong Tran
Эксперты
DCA Smart EA - Advanced Multi-Function Algorithm Overview DCA Smart EA is a versatile automated and semi-automated trading robot. It is expertly designed to implement sophisticated Dollar-Cost Averaging (DCA), Hedging, and inter-account trade copying strategies. The EA operates independently to eliminate emotional trading and optimize position averaging in volatile markets. Through its intuitive dashboard, you can configure automatic hedging or execute manual hedging commands with a single cli
DCA Limit Auto TP
Hoai Phuong Tran
Утилиты
Hi Traders, Have you ever traded using the DCA (Dollar-Cost Averaging) method with limit orders and wanted to set up Take Profit automatically? This   DCA Limit Auto TP Panel   is the perfect tool to support your strategy. Key Features: Lot Size:   Configure the lot size for your pending orders. Martingale:   Automatically increase the lot size for subsequent pending orders. Take Profit:   Set your profit target in points and activate automatic Take Profit. Stop Loss:   Define your risk managem
Local Trade Copiier MT5
Hoai Phuong Tran
Утилиты
Local Trade Copiier is a professional utility designed to copy and synchronize trades between trading accounts. With its easy 1-minute setup, this trade copier allows you to copy trades between multiple MetaTrader terminals on the same Windows computer with lightning-fast copying speeds of under 0.5 seconds. Whether you're a beginner or a professional trader, the Local Trade Copiier MT5 offers a wide range of options to customize it to your specific needs. It's the ultimate solution for anyone l
Buy Sell Multiple
Hoai Phuong Tran
Утилиты
Buy Sell Multiple Panel - Execute Bulk Orders in a Single Click! Description: Save time and seize market opportunities instantly. This powerful panel allows you to place multiple buy or sell orders simultaneously, each with custom lot sizes, take-profit, and stop-loss levels. Perfect for sophisticated entry strategies and managing complex trades efficiently. Key Features: Bulk Order Execution: Open multiple market orders at once with just one click. Flexible Lot Sizing: Set individual lot size
SmartLevel Panel
Hoai Phuong Tran
Утилиты
MQL5 SmartLevel Panel with Auto-Update Level Lines Description This SmartLevel Panel is a powerful and intuitive trading tool for MetaTrader 5, designed to help traders place orders with precision and efficiency. The panel features intelligent Level Lines that automatically update with price movements and are automatically removed if not confirmed within 1 minutes, preventing forgotten pending orders. Key Features Smart Level Line Management Auto-Update Functionality : The BuyLevelLine and Sell
Фильтр:
Нет отзывов
Ответ на отзыв