The Daily Lines Forex indicator for Metatrader 5 displays the Monday to Friday trading days on the chart, with vertical dashed lines serving as separators.
You can easily observe the trend’s progression throughout the weekdays.
The following indicator inputs and parameters can be modified: weekdays colors, line style, text place, font, font size, and anchor type.
Make yourself familiar with this technical indicator and test it first on a demo account.
It supports all Forex pairs on the daily time frame.
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dailylines.mq5 Indicator (MT5)
Chart Example
The picture below illustrates how the Daily Lines indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Daily Lines Indicator?
The daily range indicator does not issue any trading signals.
Please combine it with other technical indicators or incorporate it into an existing trading strategy that you prefer.
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dailylines.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the dailylines.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration