FigureBuilder – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • The tool draws a shape based on a number of points added to a chart. Press and hold Ctrl and left-click on a chart to add a point. Once the ‘Dots Max Number’ points is added to chart, the program plots a shape.

    All commands:

    • Ctrl + Left Click – add a point on the chart.
    • Ctrl + Backspace – undo the last action.
    • Ctrl + Delete – delete all graphical objects from the chart. The command deletes all graphical objects with the names starting with the characters specified in ‘Objects prefix name’. The prefix can be specified as ‘name’ or ‘name*’ – the two ways work the same.

    Settings

    • Objects prefix name – the prefix, based on which all objects whose name start with the specified set of characters will be deleted. The prefix can be specified as ‘name’ or ‘name*’ – the two ways work the same. If an empty string is specified here, ‘Figure’ will be used as the prefix.

    The “Dot” Block

    • Dots Max Number – number of points; once they are added, the program will draw a shape.
    • Empty Dot Code – the code of an empty point.
    • Empty Dot Width – the width of an empty point.
    • Filled Dot Code – point code of a drawn shape.
    • Filled Dot Width – the width of a point of the drawn shape.

    The “Line” Block

    • First Dot Line Left Ray – drawing the line on the first point as a ray to the left.
    • Last Dot Line Right Ray – drawing the line on the last point as a ray to the right.
    • Lines color – the color of the shape lines.
    • Lines Style – the style of the shape lines.
    • Lines Width – the width of the shape lines.

    Examples

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window