BACK TO ARTICLES

MT4 "Daily_Change" Indicator

If you want to know if the day is strong or weak for a particular currency pair, check the rate of price change.

By looking at the rate of change (up or down), you can learn a lot about price movements for the day. This MT4 indicator “Daily_Change” is perfect for those who want to easily check the rate of price change.

In the example above, this indicator is displayed in the lower right corner of the EuroDollar hourly chart. The rate of decline here is "the difference between the previous day's closing price and the current closing price."

You can also change the text display location and text color and size as shown in the image on the left.

Tips for using:

The daily percent change can be used for various purposes. For example, the price has moved notably higher, you can consider that day is a strong bull market. Placing a sell order on these days may not be a reasonable move.

This information can also be used for reversal trading. For example, let's say that the average daily rate of change for a currency pair is ± 1%. In this case, you can start with the expectation that the price will reverse if the rate of change (either rise or fall) on one day exceeds ± 1%. However, it is necessary to set the stop loss firmly because the rate of rise and fall may rise by more than 5% depending on the day. Please come up with a strategy that combines ATR.

Compatibility: MT4

Parameters:

  • Label_Color
  • Font_Size
  • X_Position - X position relative to the corner
  • Y_Position - Y position relative to the corner
  • Corner - Decides where the label will be displayed

Download the "Daily_Change" MT4 indicator from the button below

free download

Tip: Can’t open the downloaded archive file (ZIP or RAR)?

Try WinRAR for Windows or The Unarchiver for Mac .

Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.

BACK TO ARTICLES
Why More Traders Switch to FP Markets?
⭐ #1 Global Value Broker 2019 & 2020
⭐ 40+ industry award
⭐ 24/5 multilingual Customer Support
⭐ Highest Overall Client Satisfaction
⭐ 5 Star rating in Trustpilot
➡️ BOOST YOUR TRADING NOW ⚡
Indicators & EA
TEMA indicator, trading with the most advanced moving averages
An extraordinary indicator that is based on the collection of historical data Eventually these data are converted into a curve form with the help of a specially developed triple-calculation algorithm. TEMA is truly unique. Not only can it accurately detect upcoming trend changes. But at the same time, it is also an excellent filter applicable to most trading strategies, which is what makes it so unique.

Simple Way to Trade Global Markets

✅ 50% Deposit Bonus
✅ Forex Signals
✅ Market Buzz
✅ Professional Calendar
✅ Social trading
>> TRADE NOW <<
Indicators & EA
FIXED: FXTR Indicators Issues with Updates
On November 1, an unexpected issue caused a delay in the delivery of the updates on our website for the FxTR indicators. We want to inform you that the issue has now been resolved, and everything should be working correctly again. You can now download the updated indicators again!
Indicators & EA
Power Fuse Hybrid – the combination of two indicators into one
The Power Fuse Hybrid is a technical indicator whose basics are built on a combination of the extremely successful MACD indicator and Bollinger bands that have been specially transformed into one common window below the main chart. The Power Fuse Hybrid indicator has been fine-tuned by professional traders so that it can now be used not only across different time frames, but also across markets. Therefore, that is a great example of how combining two great indicators can result in one unique indicator.
Indicators & EA
Perfect Trend Indicator - you will never hesitate which direction to take again
This unique indicator uses market oscillations in its algorithm. The market oscillations are analyzed and with the help of various technical elements it finally performs an evaluation of the current trend situation. Perfect Trend is designed to be used even by complete beginners. Moreover this indicator can predict trend changes very accurately, which undoubtedly makes it a helper that should not be missing in any modern trading strategy.
Indicators & EA
Critical Points - technical indicator of trading levels for MT4
The Critical Points trading indicator is a technical analysis algorithm for MetaTrader 4. The essence of this technical indicator is to transform the accumulated history data. This tool provides an opportunity to detect various peculiarities and patterns in price dynamics, which are invisible to the naked eye.