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  4. LOCLinePips Indicator that writes pip distance from BID to lines on the chart
trooper
  • Posts: 81
  • Joined: 30/10/2010
UPDATE!!!
Hi,
Just finished a new version of the script.
Now, in addition to the current bid price distance it will display the time since when the price crossed the line.


Hi All,
Just want to share a simple indicator which will draw distance in pips lines on the chart to Bid price.

It is free and you can download it here:
http://forex-forum.lando...sh.net/resource.ashx?a=8 


To run it:
1. Unzip and copy under Metatrader/Experts/indicators/ folder
2. Attach on the chart
3. drop a horizontal line.

Indicator updates on every tick


Thanks
Mikhail
File Attachment(s):
LOCLinePips.zip (4kb) downloaded 235 time(s).
LOCLinePipsHistoryAgile.zip (6kb) downloaded 57 time(s).
trooper attached the following image(s):
LocLinePips-demo.png (18kb) downloaded 176 time(s).
loclineshistory-demo.png (17kb) downloaded 69 time(s).

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 1 user thanked trooper for this useful post.
ahelix on 17/05/2012
trooper
  • Posts: 81
  • Joined: 30/10/2010
I changed the original indicator to script so it can work faster.
Now it will update the value every 50ms
so you can drag lines and see updated pip values without waiting for a new tick.

Please put under .../experts/scripts/ folder
and find under scripts section in MT4

Thanks
Mikhail
File Attachment(s):
LOCLinePipsAgile.zip (4kb) downloaded 134 time(s).

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optionman
  • Posts: 5
  • Joined: 08/10/2011
hello trooper i sent a message to you about this script explaining how i placed it on one time frame and then try to switch to different time frame,
it will not let you switch to other time frames, can you fix this so it will work when you switch to other time frames, i would love to be able to switch from many time frames being able to see what you program this script to show.
Thanks in Advance.
trooper
  • Posts: 81
  • Joined: 30/10/2010
optionman wrote:

hello trooper i sent a message to you about this script explaining how i placed it on one time frame and then try to switch to different time frame,
it will not let you switch to other time frames, can you fix this so it will work when you switch to other time frames, i would love to be able to switch from many time frames being able to see what you program this script to show.
Thanks in Advance.




Hi,
I'm not sure if you can switch the chart and let the script to continue whitout restart.

There is also an indicator version of LOCLinePips available. It should work fine and let you switch the Timeframe. But it is less agile and recalculates on a new tick.

Thanks
Mikhail
optionman
  • Posts: 5
  • Joined: 08/10/2011
Thanks..i downloaded the zip file to use the Indicator and it works Great with no issues about switching charts.
ahelix
  • Posts: 1
  • Joined: 16/05/2012
Thanks for sharing the useful indicator. I have 2 suggestions here, which could be the optional features for the indicator:
1. consider spread for the pip distance (so that we can estimate our profit target in a glance)
2. calculation based on 4-digit price (because 5-digit price is often confusing)

Looking forward to your kind responds 🙏
trooper
  • Posts: 81
  • Joined: 30/10/2010
Hi
There is a new script which shows also the time range since price crossed the line.

Same as LOCLinePipsAgile but also includes the time since when market price was on the line level.


Check the first post of the thread to download.

Don't forget that it is a script and must be copied into .../metatrader .../Experts/scripts/ folder.

Thanks
Mikhail
Willthare1991
  • Posts: 1
  • Joined: 18/05/2016
Originally Posted by: trooper

UPDATE!!!
Hi,
Just finished a new version of the script.
Now, in addition to the current bid price distance it will display the time since when the price crossed the line.


Hi All,
Just want to share a simple indicator which will draw distance in pips lines on the chart to Bid price.

It is free and you can download it here:
http://forex-forum.lando...sh.net/resource.ashx?a=8 


To run it:
1. Unzip and copy under Metatrader/Experts/indicators/ folder
2. Attach on the chart
3. drop a horizontal line.

Indicator updates on every tick


Thanks
Mikhail



Hey Trooper

Great script,How hard would it be to change the code to only display distance from a solid HLINE only ?
dlk
  • Posts: 1
  • Joined: 16/01/2018
What folder is the file put in? The thread mentions putting it in the "Indicators" in the first post and then the second post says the "script" folder. Once located in the correct folder, how is it inserted into the charts? Is is it just like an indicator or is it something else?

Thank You
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