DWM Ranges 5
From the Old Kings archive: DWM Ranges 5, an indicator for MetaTrader 4. It has 19 settings, for example Daily Range On (default true), Daily Range Period (default 24) and Weekly Range On (default true). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About DWM Ranges 5
DWM Ranges 5 is an indicator for MetaTrader 4. It has 19 settings, such as Daily range on, Daily range period and Weekly range on. MQL source code included.
Files in the download: DWMRanges.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Daily range on | true | |
| Daily range period | 24 | Period or timeframe used by the calculation |
| Weekly range on | true | |
| Weekly range period | 24 | Period or timeframe used by the calculation |
| Monthly range on | true | |
| Monthly range period | 24 | Period or timeframe used by the calculation |
| Show comments | true | Comment written on the orders |
| Lines settings | Lines Settings: | |
| D range high color | Salmon | Colour on the chart |
| D range low color | SkyBlue | Colour on the chart |
| W range high color | Crimson | Colour on the chart |
| W range low color | RoyalBlue | Colour on the chart |
| M range high color | Maroon | Colour on the chart |
| M range low color | Navy | Colour on the chart |
| Line style | 0 | |
| Line thickness | 2 | |
| Range labels color | Gray | Colour on the chart |
| Range labels font style | Verdana | |
| Range labels font size | 6 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: MT4 Indicator · MQL4 Source Code