One of the weak points of MT4 may be the difficulty in visualizing/seeing the market price. The price is displayed on the left side of the screen by default, but some people may find it inconvenient for use in trading.
Here, we introduce an indicator for MetaTrader 4, “MarketPrice”, that displays the market price clearly.
Example of the indicator displayed on the EURUSD 1-hour chart
Look at the image above. In the image, this indicator displays the price in the lower left (the upper text is the Bid price and the lower text is the Ask price). The display location and text size can be set via the parameters. You can also set the color when the market price changes.
In the image below, the font “Verdana” is displayed in the lower right corner. The text is red and the text size is increased. As you can see, price visibility is very high with this indicator. Increased visibility may increase trading speed which is very important for traders who like fast-paced trading such as scalping.
- Set colors automatically
- Corner - Defines where the texts will be displayed
Download the "MarketPrice" MT4 indicator from the button below
Tip: Can’t open the downloaded archive file (ZIP or RAR)?
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.