How to read cross hair forex

How to read cross hair forex

Apr 23,  · Hello, I have started Forex Trading again after an absence of around 10 years. I have downloaded MetaTrader 5 and when using the cross hair tool to draw a line over several bars, the following is shown. 8 bars, points. Does 'points' refer to 'pips'? It seems strange that in MetaTrader 4 (as I've seen in youtube videos) the crosshairs appears to label the distance in pips Jun 05,  · To activate it, you can press Ctrl + F, press on the wheel of the mouse, or click on the designated crosshair icon as shown in the picture below. As shown below, the crosshair shows the coordinates of date, time, and price at a selected blogger.comted Reading Time: 1 min A crosshair consists of two perpendicular lines focused on a center of interest. It is a very simple concept really, when you think about it. The crosshair simply acts as a guide for hitting a desired target, much like the trader who wishes to hit a profit target once a trade has been initiated

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Today synced crosshair is a must if you look at multiple charts. Looking at multiple charts is a must if you perform a multi-timeframe how to read cross hair forex. Unfortunately, MT4 and MT5 do not implement it natively. MT4 and MT5 implement just a crosshair on single charts.

While a synced crosshair allows you to synchronize a point in all chartsthat means if you set a point in the bar you want in a chart and all other charts will be aligned, setting the point to the corresponding bar on the other charts.

On google, you can find different synced crosshair examples, how to read cross hair forex. However, here, our goal is to show you how to implement it step by step. The example provided here also works in MT5.

We can build an MT4 indicator that is triggered every time a chart event occurs. In fact, MQL4 allows how to read cross hair forex a function that is called for some specific chart events. So every time the mouse is moved, we can trigger this function. In this function, we move vertical and horizontal lines in all charts that have the indicator. So in this way, just add this indicator to all charts where you want to use synced crosshair.

Note: the code is tested on MQL4, but it should also run without any change in MQL5. We create a function that creates initial lines vertical and horizontal lines.

We have set blue as color but feel free to change it. We have to call it once in the OnInit. We create a function called MoveCrossHairand this function has the same parameters that OnChartEvent has. In fact, on OnChartEvent we call MoveCrossHair passing all its parameters. While other parameters have a different meaning according to the event type, for our event type, the meaning is the following:.

We continue working on MoveCrossHair. Firstly we have to convert x and y to chart coordinates: dateTime and price. To do this, we can use the standard ChartXYToTimePrice function. Then we have to scan all opened charts looking if they have an active line object. If so, we move both lines, and this method is also used to move lines of the current chart chart where the mouse event occurred.

However, since the bars could not be visible in the other charts, we have to scroll the charts. In this case, we set the vertical line to the visible area's center that means we scroll until the line is centered aligned.

This is just a simple example of the synced crosshair. You can find the entire source code on our github repository for synced crosshair example. Did you know MT4Professional is not only the 1 Market scanner on MT4 but has a built-in synced crosshair system? If you need a complete synced crosshair system that is very efficient, you can evaluate to use MT4Professional. You can try MT4Professional for FREE. Don't have MT4Professional yet? TRY FOR FREE.

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Trading is War. Prepare Your Weapons. | The Crosshairs Trader

"Bar" shows the number of bars from the rightmost bar. In this example, it can be seen that the crosshairs are separated from the rightmost bar by 19 bars. "Pips" displays the distance (Pips) between the real market quote and the crosshair. "Price" is the price at the crosshair intersection A crosshair consists of two perpendicular lines focused on a center of interest. It is a very simple concept really, when you think about it. The crosshair simply acts as a guide for hitting a desired target, much like the trader who wishes to hit a profit target once a trade has been initiated Feb 22,  · Look for the opening price at the bottom of a green candlestick or the top of a red one. The opening price is at the bottom of the body if the market is trending upwards. It is at the top of the body if the market is going blogger.com: 33K