Line Labels in MT4? | Forex Factory

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Line Labels in MT4?

  • #1
  • First Post: Oct 17, 2011 12:00am Oct 17, 2011 12:00am
Hi

Is there anyway to add a label to a horizontal line in MT4? I mean, the fib retracement, extension and expansion tools all add a label as they draw the line, so surely a label can be added that is permanently with the line.

If I add it as either text or text label, it shifts when different timeframes are chosen or I stretch or compress the y axis. This doesn't happen to the text labels on any of the fib lines

Any suggestions gladly accepted. I just want to be able to label certain lines I draw in

Regards

honkin
  • #2
  • Oct 17, 2011 12:15am Oct 17, 2011 12:15am
just use fib lines instead of horizontal lines. remove all of the extra levels crap and just have one level at 0 with the description set as whatever text you are after.
Congratulations ScalaFX for coming out of the closet!
  • #3
  • Oct 17, 2011 12:42am Oct 17, 2011 12:42am
appreciate the reply as always nubcake, but I use my fibs all the time. These are significant numbers supplied by a service I use. If I do it that way, I would need to change the fibs each time to reset to my defaults.

It just seems odd that fib lines have nothing in description under Object List yet what is typed in "Description" in fibo properties comes up as a permanent line label, yet it is not possible to type something into description in the horizontal line properties and get the same thing.

I guess the only way around it may be to do the fib thing you mentioned for each line I want, then after doing each, open up one of my regular fibs retracements and OK just to reset. I think that should work, but more work than should be required.

Actually just tried it and it worked, but a pain really.

cheers nubcake
  • #4
  • Oct 17, 2011 1:02am Oct 17, 2011 1:02am
Quoting honkin
appreciate the reply as always nubcake, but I use my fibs all the time. These are significant numbers supplied by a service I use. If I do it that way, I would need to change the fibs each time to reset to my defaults.

It just seems odd that fib lines have nothing in description under Object List yet what is typed in "Description" in fibo properties comes up as a permanent line label, yet it is not possible to type something into description in the horizontal line properties and get the same thing.

I guess the only way around it may be to do...
mql is a pain. end of story.

what you could do, if you were so-inclined, is to create your own indicator that does the leg-work for you instead of you messing up the in-built fib indicator settings that you seem to not want to mess with.

this can screw with horizontal lines that you perhaps don't want to mess with and create 'labels' for and therefore make a bit of a mess on your charts right hand side (such as if you have other indis creating lots of horizontal lines and also setting the description field on all of them to some value), but if it was me i'd do something like the following :

create an indicator that searches through the object list for all horizontal line objects. each horizontal object found you check if the description field has any text. if the description field is blank then do nothing, but if there is a description then make note of the object name and object description and all other relevant object properties (color etc), delete the horizontal line object, create a fib object with the previous horizontal line objects name, and create 1 level with the description set to the previous horizontal lines description. obviously also set any color and width values and back values to the same as the horizontal line etc etc and so on. obviously set the time1 property of the fib object to Time[FirstVisibleBar()] and time2 can just be Time[0], and ensure the ray property is set to true.

you are therefore simply swapping-out any horizontal lines that have some description set with a fib object that appears exactly the same as how the line appeared, except now you can see the description on the chart due to the way fib objects draw their 'levels'.

pretty basic custom indicator really.
Congratulations ScalaFX for coming out of the closet!
  • #5
  • Oct 17, 2011 8:10am Oct 17, 2011 8:10am
Quoting honkin
Hi

Is there anyway to add a label to a horizontal line in MT4? I mean, the fib retracement, extension and expansion tools all add a label as they draw the line, so surely a label can be added that is permanently with the line.

If I add it as either text or text label, it shifts when different timeframes are chosen or I stretch or compress the y axis. This doesn't happen to the text labels on any of the fib lines

Any suggestions gladly accepted. I just want to be able to label certain lines I draw in

Regards

honkin
Hi Honkin,

You could put a line on the chart, go with right click on the charts to properties click common, select Show Object Discriptions than double click your line on the chart and select Horizontal Line Properties and fill in what ever you want in the Name and Description box and it should show up at the left sid of the line.
The same goes for the Trendline.
Maybe this will work for you.

AJ
  • #6
  • Edited 1:10pm Oct 17, 2011 12:59pm | Edited 1:10pm
Quoting honkin
Hi

Is there anyway to add a label to a horizontal line in MT4? I mean, the fib retracement, extension and expansion tools all add a label as they draw the line, so surely a label can be added that is permanently with the line.

If I add it as either text or text label, it shifts when different timeframes are chosen or I stretch or compress the y axis. This doesn't happen to the text labels on any of the fib lines

Any suggestions gladly accepted. I just want to be able to label certain lines I draw in

Regards

honkin
You might want to look at the IBFX indicator "Instrument Monitor". It is available on a Demo account.
Not sure how its done but you can click/drag grouped objects on screen.
  • #7
  • Oct 17, 2011 8:09pm Oct 17, 2011 8:09pm
cheers everyone especially AJvdB

That is the way to do it. I just input the details I wanted in the description and turned on Show object descriptions and it worked a treat

Thanks very much

honkin
  • #8
  • Oct 17, 2011 8:14pm Oct 17, 2011 8:14pm
Quoting AJvdB
Hi Honkin,

You could put a line on the chart, go with right click on the charts to properties click common, select Show Object Discriptions than double click your line on the chart and select Horizontal Line Properties and fill in what ever you want in the Name and Description box and it should show up at the left sid of the line.
The same goes for the Trendline.
Maybe this will work for you.

AJ
holy crap. such a simple solution. they should have made each object specify if the description is shown or not. would make things so much simpler.
Congratulations ScalaFX for coming out of the closet!
  • #9
  • Oct 17, 2011 8:28pm Oct 17, 2011 8:28pm
spot on nubcake. So simple, yet not so easy to find out

I googled every possible combination I could think of before coming here

cheers everyone. Great forum to solve these kinds of problems

regards

honkin
  • #10
  • Oct 18, 2011 3:01am Oct 18, 2011 3:01am
Quoting honkin
cheers everyone especially AJvdB

That is the way to do it. I just input the details I wanted in the description and turned on Show object descriptions and it worked a treat

Thanks very much

honkin
Glad I could help.

regards to all
  • #11
  • Edited 8:40pm Oct 18, 2011 8:12pm | Edited 8:40pm
bool ObjectSetText(string name, string text, int font_size, string font=NULL, color text_color=CLR_NONE)


Changes the object description. For objects of OBJ_TEXT and OBJ_LABEL, this description is shown as a text line in the chart. If the function succeeds, the returned value will be TRUE. Otherwise, it is FALSE. To get the detailed error information, one has to call the GetLastError() function.
Parameters of font_size, font_name and text_color are used for objects of OBJ_TEXT and OBJ_LABEL only. For objects of other types, these parameters are ignored.
See also ObjectDescription() function.


.........................................................

Theres one other thing about the description feild. If you read the above from the MT objects functions one would think that you can only use this function call on OBJ_LABELs and OBJ_TEXT but that is not the case, when ever you create any objects you can fill in the discrition feild too. With the Show Object Discriptions as AJvdB described above you can not only show the object names on the chart but do it with in your program with out having to go to the dialog box to type in the name in the discription feild.

Try it, create a line object with in your code and add this line right after you create the line object

ObjectSetText( Object Name, string discription, 0, "", CLR_NONE);

the object name is the name of your object and the string discription is what you want to put in the decription feild that is what will show on your chart as the object name as described by AJvdB.

One limitation here you can only fill the discription feild at the time you create the object and you can not change it after ward with out deleteing that object and crreating a new one.

Keit


edit Forgot to add that what ever your string discription you put for your line object, it is also searchable with the use of

ObjectDescription(string name)

MT says it only works with TEXT and LABELS but it will work with any object that has the discrioption feild filled in.

heres an example
Attached Image (click to enlarge)
Click to Enlarge Name: Heres an example.jpg Size: 59 KB
Trader Keit ... Methods Of A Dirt Road Mad Man....
  • #12
  • Jan 24, 2013 11:16am Jan 24, 2013 11:16am
I have several lines (Pivot points) on my charts - but only one line displays a label
  • #13
  • Dec 9, 2016 2:26am Dec 9, 2016 2:26am
Thanks AJvdB, I tried to give you a thumbs up for your solution but was denied because I'm new to the forum. Anyway it works for me so thank you for your post.
T

1. Right click on chart - select "Properties" from the drop down
2. Select the "common" tab
3. Check the "Show option descriptions" check box
4. Hit ok
5. Draw your line, select it and give it a name in the properties dialogue box.
  • #14
  • Last Post: Jul 28, 2018 10:05pm Jul 28, 2018 10:05pm
Quoting Tulsa
Thanks AJvdB, I tried to give you a thumbs up for your solution but was denied because I'm new to the forum. Anyway it works for me so thank you for your post. T 1. Right click on chart - select "Properties" from the drop down 2. Select the "common" tab 3. Check the "Show option descriptions" check box 4. Hit ok 5. Draw your line, select it and give it a name in the properties dialogue box.
Thanks, mate! This worked.
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