MT4 - Alternative price scale (does it exist?) | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Winners scale winners, losers scale losers 12 replies

Subtraction between two pair indicatos..does it exist? 7 replies

Does exist profitable system? 6 replies

Does a forex price guarator exist ? 2 replies

Does longevity exist in trading? 11 replies

Attachments: MT4 - Alternative price scale (does it exist?)
Exit Attachments

MT4 - Alternative price scale (does it exist?)

  • #1
  • First Post: May 12, 2015 2:12pm May 12, 2015 2:12pm
Hey guys (and girls),

I, like many others, have quiet bad eyes and are suffering from Metaquotes decision to not give a sh... about font scaling. This problem gets especially worse now with the upcoming of UHD monitors and notebooks. Yeah, I know about the manifest hack, but I already have problems on an ordinary monitor.

I have an idea how to fix that problem. I have a lot of experience in software development but I'm still missing any experience with the metatrader language, so I can't do it myself.
Well, to come to the point: Is it possible to write an extension for Metatrader that paints a new price scale next to the existing one (if you shift the chart there is plenty of space) with a user defined font-size?
Does something like that exist or would someone be interested in writing it?
  • #2
  • May 15, 2015 3:01pm May 15, 2015 3:01pm
Do you mean something like this?
A little rough around the edges (particularly on the automatic price intervals), but I believe it is in principle what you are talking about...?
You'll need to put it in your indicators folder.
Attached File(s)
File Type: ex4 CustomScale.ex4   8 KB | 1,075 downloads
  • #3
  • May 15, 2015 4:08pm May 15, 2015 4:08pm
Brilliant!
I'll yet have to try it out during actual price movement but it looks very close to what I had in my mind.

Thank you!
  • #4
  • May 18, 2015 5:04am May 18, 2015 5:04am
Quoting JensG
Brilliant! I'll yet have to try it out during actual price movement but it looks very close to what I had in my mind. Thank you!
No problem
  • #5
  • May 18, 2015 5:23am May 18, 2015 5:23am
I'm testing it on a demo right now. I just started that MT4 instance and sadly the pricing was not correct. It updates if I change/re-save the indicator settings.
Beside that problem (I guess/hope its easy to fix), would it be possible to add some line or arrow or something like that to the numbers so I know exactly where that price is? Right now its a bit unclear to me if the price is below, above or in the middle of the numbers.

Attached Image


Again, thank you very much for your effort!
  • #6
  • May 19, 2015 4:33am May 19, 2015 4:33am
cannot open the EX4 file
How can it be done
Thnks
  • #7
  • May 19, 2015 4:35am May 19, 2015 4:35am
As this might be a handy tool I will take a look into it and post a version later today.
  • #8
  • May 19, 2015 6:55am May 19, 2015 6:55am
Okay here we go. I decided to create an indicator for this task so please put the file in the indicator folder.

The adjustments are really smooth and I am happy about how it worked out. To make this look smooth you should disable the default grid on your chart. Labels and lines are printed the way that they will only appear at x0 or x5 levels.

Settings:

Label Color: Color of the price label
Font Size: Size of the price label
X Label Offset: Adjust the price labels position. The higher the value the more left it will be displayed. You can input negative values.
Y Label Offset: Adjust the price labels position. The higher the value the more closer to the bottom it will be displayed. You can input negative values.

Grid Color: Color of the Grid
Number Grid Lines: The indicator will try to fit in # of lines in the price grid on the chart. The higher the number the more narrow the grid will be. This value is based on a best effort basis due to lines only be drawn on x0 and x5 basis.


Please note that I did not optimize the code for performance(not that it really matters but you might not want to take it as a reference if you want to learn coding).

I only eyeballed the resulting indicator if any changes need to be made feel free to quote my post or write me a pm.
Attached Image (click to enlarge)
Click to Enlarge Name: CustomScale.jpg Size: 293 KB
Attached File(s)
File Type: mq4 CustomScale.mq4   7 KB | 873 downloads
  • #9
  • May 19, 2015 8:26am May 19, 2015 8:26am
Quoting JensG
I'm testing it on a demo right now. I just started that MT4 instance and sadly the pricing was not correct. It updates if I change/re-save the indicator settings. Beside that problem (I guess/hope its easy to fix), would it be possible to add some line or arrow or something like that to the numbers so I know exactly where that price is? Right now its a bit unclear to me if the price is below, above or in the middle of the numbers. {image} Again, thank you very much for your effort!
Hello JensG,

My initial thought is that there is a zero divide error which will stop it updating; it was a very rushed effort on my behalf

It looks like Kilian19 has spent a bit more time coding his/her effort, so I'll leave you in their capable hands because I'm not around very much at the moment. However, if you get stuck and want me to look at mine again send me a PM.

  • #10
  • Edited 11:11am May 19, 2015 8:33am | Edited 11:11am
Awesome!

I thank you both very much. You did a great job Killian. I have just one last question: Would be possible/much work to make the grid line style configurable? I really liked the dotted line, it was so unobtrusive. Normal lines may be rivaling with lines I draw on the chart.

Dank dir!
  • #11
  • May 19, 2015 8:54am May 19, 2015 8:54am
Quoting JensG
Awesome! I thank you both very much. You did a great job Killian. I have just one last question: Would be possible/much work to make the grid line style configurable? I really liked the dotted line, it was so unobtrusive. Normal lines may be concurring with lines I draw on the chart. Dank dir!
Sure no problem. You are also able to change the width of the lines. Due to limitations of mt4 line styles other than the normal line do not work if the width is > 1.

Gerne. Das ist ja mal etwas anderes als dauernd diese EA's die von Leuten ohne großen Hintergedanken "bestellt" werden.
Attached File(s)
File Type: mq4 CustomScale_v1.mq4   7 KB | 1,069 downloads
  • #12
  • May 21, 2015 5:14am May 21, 2015 5:14am
Quoting JensG
Awesome! I thank you both very much. You did a great job Killian. I have just one last question: Would be possible/much work to make the grid line style configurable? I really liked the dotted line, it was so unobtrusive. Normal lines may be rivaling with lines I draw on the chart. Dank dir!
I had so much fun playing around with the mt4 gui classes that I decided to improve it a little bit.

Here is a sneak speak:

Attached Image (click to enlarge)
Click to Enlarge Name: CustomScale2.png Size: 98 KB



I want to post a few usefull files I wrote during the years and am collecting and cleaning them up so be patient I will post it soon.
  • #13
  • May 21, 2015 10:26pm May 21, 2015 10:26pm
Nice. I *hate* the 5 and 3 digits. they give me a headache. I wish Metaquotes would give an option to show only 4 or 2 digits or at least change the fontsize for the last digit.
  • #14
  • Jun 1, 2015 6:10am Jun 1, 2015 6:10am
Kilian, inadvertently abuse their kindness, you could make a modified version of the indicator without grid and without the last price number (without fractional pip). Thank you for your help!
  • #15
  • Jun 11, 2015 8:04am Jun 11, 2015 8:04am
I wrote my own version

Parameters for Bars to Shift to the Right and Maximum Dividers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 89 KB
Attached File(s)
File Type: ex4 FTFriendlyGrid.ex4   313 KB | 748 downloads
File Type: mq4 FTFriendlyGrid.mq4   3 KB | 831 downloads
  • #16
  • Last Post: Jun 11, 2015 11:11am Jun 11, 2015 11:11am
I store prices to line description, and I let the description display/hide in the chart settings, so no extra labels are necessary and line labels are on the left hand side.
Attached Image
0 traders viewing now