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Chart Scale Legend

  • #1
  • First Post: Edited 10:53am Dec 11, 2019 10:31am | Edited 10:53am
I was looking for something to quickly evaluate the size of the bars and the moves on the screen and found this indicator - see attached. Unfortunately there is no MQL4 file available for it. It says cTrader inspired so I would think that CTrader has this tool but I am not using CTrader.

Maybe someone had developed something similar here, on FF or would redo it if it is not very difficult to code? I am no coder unfortunately.

It works nice but it would be very convenient if it was a couple of adjustments available like the color change, maybe the line thickness etc. I cannot even think of anything else to adjust here, it works fine the way it is now. It adjusts itself depending on the size of the screen in pips covering approximately 1/3 of a screen, so you are always aware of what is happening on the chart in pips.

This is a very useful non-intruding tool so maybe someone can make it even better, please?
Attached Image
Attached File(s)
File Type: ex4 Chart_Scale_Legend.ex4   18 KB | 497 downloads
  • #2
  • Dec 11, 2019 2:10pm Dec 11, 2019 2:10pm
Quoting nonameatall
I was looking for something to quickly evaluate the size of the bars and the moves on the screen and found this indicator - see attached. Unfortunately there is no MQL4 file available for it. It says cTrader inspired so I would think that CTrader has this tool but I am not using CTrader. Maybe someone had developed something similar here, on FF or would redo it if it is not very difficult to code? I am no coder unfortunately. It works nice but it would be very convenient if it was a couple of adjustments available like the color change, maybe the...
Without mq4 impossible
The biggest drawdown is ahead of you
  • #3
  • Edited 6:41am Dec 12, 2019 5:59am | Edited 6:41am
Beta version 1.1, testing please
Attached File(s)
File Type: ex4 ChartScale.ex4   17 KB | 477 downloads
  • #4
  • Dec 12, 2019 6:06am Dec 12, 2019 6:06am
Mic was onto that quickly!!!

Nice idea. Even better if it could be dragged around the screen or defaulted to the ask line.
Perhaps it's size could be altered to.

Just some ideas?
  • #5
  • Dec 12, 2019 6:20am Dec 12, 2019 6:20am
How about this one, it's free:
https://www.forexfactory.com/showthr...8#post12659018
  • #6
  • Edited 11:25am Dec 12, 2019 10:32am | Edited 11:25am
Retlaw, I think the idea of a reference line is much better and it is universal. On any chart you have a momentarily reference of a size of swings and candles. Special scale is less relevant in my opinion but it might be a preference choice. The one that I attached is floating with a chart so it stays on the screen even if you scroll into the past for visual backtests. I think it is a very convenient tool and using it all the time since I discovered it.

Mic, I will give it a try, thank you.

PS. Well, attached it to the chart. All looks fine, so you did it on the fly. Everything seems to be working perfectly. If I find any bugs I will post it here. Thank you.
  • #7
  • Dec 12, 2019 2:16pm Dec 12, 2019 2:16pm
I tested this all day and seems ok.
This is version 1.2

Attached Image


Enjoy,
Attached File(s)
File Type: ex4 ChartScale.ex4   18 KB | 473 downloads
File Type: mq4 ChartScale.mq4   18 KB | 603 downloads
  • #8
  • Dec 12, 2019 6:17pm Dec 12, 2019 6:17pm
Excellent tool. Thank you. I am sure many traders will be using it.
  • #9
  • Dec 16, 2019 9:50am Dec 16, 2019 9:50am
Quoting Mic_FX
I tested this all day and seems ok. This is version 1.2 {image} Enjoy, {file} {file}
Thatīs exactly what Iīm looking for--
https://www.forexfactory.com/showthr...8#post12662978

You have it for Mt5 as well ?
Guido
Risiko birgt immer auch die Chance.
  • #10
  • Dec 16, 2019 9:56am Dec 16, 2019 9:56am
Quoting Sesamstrasse
{quote} You have it for Mt5 as well ? Guido
No, sorry
  • #11
  • Dec 17, 2019 2:30am Dec 17, 2019 2:30am
Quoting Sesamstrasse
{quote} Thatīs exactly what Iīm looking for-- https://www.forexfactory.com/showthr...8#post12662978 You have it for Mt5 as well ? Guido
@Sesamstrasse Tried to convert my variant to MT5 - please test....
Attached File(s)
File Type: ex5 Chart Scale Legend.ex5   37 KB | 465 downloads
  • #12
  • Dec 17, 2019 11:14am Dec 17, 2019 11:14am
Quoting Jagg
{quote} @Sesamstrasse Tried to convert my variant to MT5 - please test.... {file}
Thx for your work.
I tried to convert the mq5 one yesterday via youtube vids but couldn t get it.

How to fix it on 5 pips?


Guido
Risiko birgt immer auch die Chance.
  • #13
  • Dec 17, 2019 12:26pm Dec 17, 2019 12:26pm
Yeah Jagg, it was your indicator originally. Very nice idea, thank you. Mic did an excellent job with redesigning it.
  • #14
  • Dec 17, 2019 1:40pm Dec 17, 2019 1:40pm
Quoting Sesamstrasse
How to fix it on 5 pips? Guido
What do you mean exactly?
  • #15
  • Dec 17, 2019 1:52pm Dec 17, 2019 1:52pm
Version 1.3
Attached File(s)
File Type: ex4 ChartScale.ex4   18 KB | 479 downloads
File Type: mq4 ChartScale.mq4   18 KB | 623 downloads
  • #16
  • Edited 3:18pm Dec 17, 2019 2:54pm | Edited 3:18pm
Mic, what was wrong with the previous version? Seemed to work OK.
  • #17
  • Dec 17, 2019 8:36pm Dec 17, 2019 8:36pm
Nothing wrong with previous version. Sesamstrasse give me idea and this version have parameter for fixing pips. Try an see.

Enjoy
  • #18
  • Edited 10:50am Dec 18, 2019 5:29am | Edited 10:50am
Quoting Jagg
{quote} What do you mean exactly?
I d like to have a fixed scale for my charts .
Let s say 5 pips.
The reason behind is:
I avoid all unneccessary stuff from my screen.
Only candles should be visible. And every instrument I trade has a specific number of pips to my TP.

I d like to see in advance if there is enough space to reach my target with this scale.
Guido
Risiko birgt immer auch die Chance.
  • #19
  • Edited 9:13am Dec 19, 2019 8:10am | Edited 9:13am
@Sesamstrasse

Ok, I fine tuned my indicator (took @Mic_FX's one as inspiration - thx for that)....

The only difference now is more or less that
- Mic_FX uses "an own way" to find the color (when NONE is used) wether my indicator uses the foreground color from the chart (when NONE is used - cTrader also uses the built in chart scale color to the right)
- I also added a "L" keyboard shortcut option so you can hide/show the chart scale legend on the fly.
- Mic_FX uses rectangle objects to draw the chart scale (and is only available for MT4) and my indicator uses the Canvas class to build/draw the chart scale object (which has some more possibilites like transparency for example)
- you also can set a general background color plus its transparency (see screenshot the two charts in the middle)
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_Scale_Legend.png Size: 46 KB
Attached File(s)
File Type: ex5 Chart Scale Legend.ex5   57 KB | 545 downloads
File Type: ex4 Chart Scale Legend.ex4   25 KB | 677 downloads
  • #20
  • Dec 19, 2019 8:21am Dec 19, 2019 8:21am
This is by the way Mic_FX's MT4 indicator slightly modified so it compiles for MT5...
Attached File(s)
File Type: mq5 ChartScale.mq5   36 KB | 540 downloads
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