infolabel
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This script is designed to serve as a real-time information dashboard for your trading chart. Its primary purpose is to display essential market data and time tracking directly on the screen, allowing you to monitor critical variables at a glance without having to look away from the price action.
Visual Customization
The logic allows for full control over where and how this information appears on your screen. You can choose which corner of the chart the dashboard should occupy (such as the top-right or bottom-left) and define the specific spacing from the edges. Additionally, it includes styling options so you can customize the font type, text size, and color to ensure the information is clear and matches your visual preferences.
Data Displayed
The script organizes market data into three distinct rows of information:
- Market Dynamics: This row provides live pricing updates, including the current Bid and Ask prices, the spread (the difference between the two), and a countdown timer showing exactly how much time remains until the current candle closes.
- Price Action Statistics: This section displays the specific price points for the current active candle—specifically the Open, High, Low, and Close prices—along with the current trading volume.
- Time Tracking: To help synchronize your trading with global markets, this row shows both your local computer time and the exchange's server time simultaneously.
How it Operates
Technically, the script acts as a live "refresher." Every time the market moves or a new tick of data is received, the script instantly updates these numbers. When you remove the indicator from your chart, the logic ensures that all text labels are automatically cleared away, leaving your workspace clean.
//+------------------------------------------------------------------+
//| InfoLabel.mq4 |
//| Copyright 2015, MetaQuotes Software Corp. |
//| https://www.mql5.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2015, MetaQuotes Software Corp."
#property link "https://www.mql5.com"
#property version "1.00"
#property strict
#property indicator_chart_window
extern string _1="// --- Place settings ---";
extern int Corner=2;
extern string Corner_tips="// 0=upper left, 1=upper right, 2=lower left, 3=lower right";
extern int XMargin=5;
extern int YMargin=10;
extern string _2="// --- Font settings ---";
extern string Font="Arial";
extern color Color=Yellow;
extern int Size=10;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
if((Corner==1 || Corner==3) && XMargin<1) XMargin=1;
if(XMargin<0) XMargin=0;
if(Corner>1 && YMargin<1) YMargin=1;
if(YMargin<0) YMargin=0;
//---
ObjectCreate("InfoLabel1",OBJ_LABEL, 0, 0, 0);
ObjectSet( "InfoLabel1",OBJPROP_CORNER, Corner);
ObjectSet( "InfoLabel1",OBJPROP_XDISTANCE,XMargin);
ObjectSet( "InfoLabel1",OBJPROP_YDISTANCE,YMargin);
ObjectCreate("InfoLabel2",OBJ_LABEL, 0, 0, 0);
ObjectSet( "InfoLabel2",OBJPROP_CORNER, Corner);
ObjectSet( "InfoLabel2",OBJPROP_XDISTANCE,XMargin);
ObjectSet( "InfoLabel2",OBJPROP_YDISTANCE,YMargin+1.5*Size);
ObjectCreate("InfoLabel3",OBJ_LABEL, 0, 0, 0);
ObjectSet( "InfoLabel3",OBJPROP_CORNER, Corner);
ObjectSet( "InfoLabel3",OBJPROP_XDISTANCE,XMargin);
ObjectSet( "InfoLabel3",OBJPROP_YDISTANCE,YMargin+3*Size);
//---
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
ObjectDelete("InfoLabel1");
ObjectDelete("InfoLabel2");
ObjectDelete("InfoLabel3");
//---
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator Start Function
//+------------------------------------------------------------------+
int start()
{
ObjectSetText("InfoLabel1",
"Bid: " + DoubleToString(Bid,Digits) +
" Ask: " + DoubleToString(Ask,Digits) +
" Spread: " + DoubleToString(MarketInfo(Symbol(), MODE_SPREAD),0) +
" RCT: " + RemainingCandleTime()
,Size,Font,Color);
ObjectSetText("InfoLabel2",
"O: " + DoubleToString(Open[0],Digits) +
" H: " + DoubleToString(High[0],Digits) +
" L: " + DoubleToString(Low[0],Digits) +
" C: " + DoubleToString(Close[0],Digits) +
" V: " + DoubleToString(Volume[0],0)
,Size,Font,Color);
ObjectSetText("InfoLabel3",
"Local-Time: " + TimeToString(TimeLocal(),TIME_SECONDS) +
" Server-Time: " + TimeToString(TimeCurrent(),TIME_SECONDS)
,Size,Font,Color);
//---
return(0);
}
string RemainingCandleTime()
{
return TimeToStr(((Period()*60)-(TimeCurrent()-Time[0])),TIME_SECONDS);
}
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