Day Bar Info is a simple and very useful technical indicator for MT4 / 5 trading terminal.
The indicator is presented in versions for both the MetaTrader 4 terminal and MetaTrader 5.
Day Bar Info indicator highlights the daily range, which allows you to visually easily monitor the breakdown of daily highs and lows.
The indicator works on charts with a period less than D1, is optimized for 4 and 5-digit quotes, and works in the strategy tester.
Basic parameters of the indicator:
- Show_Day – how many days to show in the selected daylight blocks.
- Shift – displacement of the day candle from the edge of the graph in bars.
- Language – language selection.
The indicator has a wide range of color settings, which makes it possible to use it for any color scheme of the trading terminal.
The Day Bar Info indicator perfectly complements any trading strategy that uses intraday volatility data or breaks of daily highs or lows. In combination with the volatility indicators like Candles or ATR helps to monitor entry to the market or the closure of trading positions, taking into account the average daily volatility.
The indicator is absolutely free (thanks to the author). You can download it directly from the MT4/5 terminal on the “Market” tab and using the search. To do this, you must have an MQL5 account, which can also be done simply and for free.
The indicator page on MQL5 for MT4 terminal is Day Bar Info MT4.
The indicator page on MQL5 for MT5 terminal is Day Bar Info MT5.
Be prudent, observe risk management and trade in a plus.