We present to your attention a simple and convenient indicator DaVinci Symbol Switcher. If you are in the slightest degree familiar with Forex, you have probably installed a large number of windows with currency pairs in the Meta Trader 4 trading terminal and got confused in this multi-window array. In order to organize many charts of financial instruments and easily conduct them in one window, the DaVinciFX Group team has developed this indicator.
Overview of the symbol change indicator on the chart
Let’s go through the process of installing and configuring the DaVinci Symbol Switcher indicator in the Meta trader 4 trading terminal in order.
After double-clicking on the left mouse button or dragging the indicator onto the chart, we will be asked to select its settings. As you can see, there are not so many settings, but at the same time they allow achieving high variability in the choice of financial instruments for analysis.
The first parameter User symbols list allows you to select a list of pairs, specified by the user, separated by commas, which will be displayed in one window. If it is left blank, then all pairs from the ‘Market Watch’ window will be taken into account.
The Exceptions list parameter configures the list of exceptions. Using it, you can set up currency pairs and symbols that do not need to be taken into account when displayed in one chart window; they must also be specified separated by commas.
Variable Symbols TimeFrame – allows you to set the period of the chart with which they will be loaded. The current timeframe is set by default.
And the last parameter Delete Object after switching chart is designed to delete all objects from the chart after changing the symbol. It is convenient to use to clean the graph from unnecessary data.
After entering all the necessary parameters for setting the indicator, navigation buttons will appear at the bottom of the chart window.
When you click on the buttons with the name of the symbol and the icons << or >>, the charts will be scrolled in one window. And when you click on the button with the symbol in the middle, an additional window will open in the terminal with the corresponding currency pair.
So we have analyzed an example of how to install and configure the DaVinci Symbol Switcher indicator in the Meta Trader 4 terminal.
In addition, I would like to say that using this indicator you can easily and quickly switch between different symbols, while choosing a different timeframe for all charts. This functionality will be especially useful when using multi-currency or multi-timeframe trading strategies.
|<==== Main Options ====>||Main indicator’s Options|
|User symbols list||A comma-separated list of pairs. If empty, then all pairs from the ‘Market Watch’ window will be taken into account.|
|Exceptions list||Exclusion list. Do not take into account currency pairs and symbols that are specified by the user, separated by commas.|
|Symbols TimeFrame||The period of the schedule with which they will be loaded. The default is the current period.|
|Delete Object after switching chart||Remove all objects from the chart after changing the symbol. Convenient for cleaning the graph from unnecessary data.|
The indicator of changing currency pairs on one chart DaVinci Symbol Switcher allows you to expand the functionality of the Meta Trader 4 trading terminal, thus now there is no need to open a huge variety of windows with charts and get confused in them. All pairs will be available in one window. This allows you to more quickly analyze the market situation and, as a result, make quick trading decisions.