DailyChange
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This tool is designed to provide traders with a real-time visual representation of how much the market price has moved since the previous day's close. It simplifies complex data into a single, easy-to-read percentage value directly on your trading screen.
How the Logic Works
The indicator operates by performing a continuous mathematical comparison between two specific price points:
- Reference Point: The script identifies the closing price of the previous day (Daily Close). This serves as the "baseline" for the current trading session.
- Current Point: It simultaneously tracks the live market price (the current Bid).
- The Calculation: The tool automatically calculates the difference between these two prices. It then converts that difference into a percentage, showing you exactly how much the asset has gained or lost relative to where it ended yesterday.
Key Features
- Real-Time Updates: The calculation is dynamic. As the live market price fluctuates throughout the day, the percentage displayed on your screen updates automatically to reflect the most current data.
- Universal Compatibility: While the logic relies on daily closing data, the tool is designed to function across any timeframe you choose to use on your charts.
- Customizable Visibility: You have full control over how the information appears on your workspace. You can adjust the following settings to suit your personal trading layout:
- Color and Size: Customize the font color and size to ensure it stands out or blends in perfectly with your theme.
- Screen Placement: You can choose which corner of the chart the information appears in (e.g., Top Left, Bottom Right, etc.) and move it closer to or further from the edges.
Summary for the Trader
Instead of manually calculating price swings or switching between different charts to see daily progress, this script provides an instant "at-a-glance" metric. It tells you exactly how much the market has moved today in a clear, percentage-based format, helping you stay informed on price action trends instantly.
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DailyChange
/*##############################################################
# DAILY CHANGE INDICATOR #
# #
# This Indicator shows the percentage change between #
# yesterday day close and today actual Price (Bid). #
# It works on any time frame. #
# #
# Copyright: BLACKHAWK #
##############################################################*/
/*
------------------------------------------------------------------------------------------------
Description:
This indicator shows the % Daily Change of yesterday close with respect to actual price (Bid).
It calculates the percentage change between yesterday close price and the actual bid price.
It works on any timeframe.
External Modifications:
You can modify the following settings:
Label_Color = DarkBlue // You can change the font color
Font_Size = 14 // You can modify the font size
X_Position = 3 // You can modify X position (distance) from corner
Y_Position = 3 // You can modify Y position (distance) from corner
Corner_Position = 2 // You cna select the corner position (0: Top Left / 1: Top Right / 2: Bottom Left / 3: Bottom Right)
------------------------------------------------------------------------------------------------
*/
#property indicator_chart_window
extern color Label_Color = DarkBlue;
extern int Font_Size = 14;
extern int X_Position = 3;
extern int Y_Position = 3;
extern int Corner_Position = 2;
#define OBJECT "DailyChange"
int start()
{
PerChangeInfo(); // Execute function
}
//--- FUNCTION 1 ------------------------------------------ //
// Function 1 calculates Percentage change between Yesterday Close and actual Bid.
void PerChangeInfo()
{
double ClPrice_D1 = iClose(NULL, PERIOD_D1, 1);
double ActualBid = Bid;
double PercChange = ((ActualBid - ClPrice_D1)/ClPrice_D1)*100;
CreateLabel(PercChange);
}
//--- FUNCTION 2 ------------------------------------------ //
// Function 2 creates the label containing the information of Daily Change.
void CreateLabel(double PercChange)
{
string PerChg = "Daily Change: "+DoubleToStr(PercChange, 2) + " %";
if(ObjectFind(OBJECT) < 0)
{
ObjectCreate (OBJECT, OBJ_LABEL, 0, 0, 0);
ObjectSet (OBJECT, OBJPROP_CORNER, Corner_Position);
ObjectSet (OBJECT, OBJPROP_YDISTANCE, X_Position);
ObjectSet (OBJECT, OBJPROP_XDISTANCE, Y_Position);
ObjectSetText (OBJECT, PerChg, Font_Size, "Verdana", Label_Color);
}
ObjectSetText(OBJECT, PerChg);
WindowRedraw();
}
//--- INIT AND DEINIT ------------------------------------- //
int init()
{
PerChangeInfo();
}
int deinit()
{
ObjectDelete(OBJECT);
}
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