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Daily Range Forex Indicator For MT5

    The Daily Range Forex indicator for Metatrader 5 is a handy tool that shows the overall currency trend on the daily trading chart.

    The candles are wrapped between a red and blue colored line connecting the daily high and low prices.

    A bullish candle is hollow while a bearish candle is filled.

    The following indicator inputs and parameters can be modified: daily range up, daily range down.

    Make yourself familiar with this technical indicator and test it first on a demo account.

    It supports all Forex pairs on the daily time frame.

    Download Indicator 🆓

    dailyrange.mq5 Indicator (MT5)

    Chart Example

    The picture below illustrates how the Daily Range indicator looks like when applied to the MT5 chart.

    How To Buy And Sell Forex Pairs With The Daily Range Indicator?

    The daily range indicator does not provide any trading signals.

    Please combine it with other technical indicators or incorporate it into an existing trading strategy that you prefer.

    Download Now 🆓

    dailyrange.mq5 Indicator (MT5)

    Frequently Asked Questions

    How Do I Install This Custom Indicator On Metatrader 5?

    • Open the MT5 trading platform
    • Click on the File menu button located at the top left part of the platform
    • Click on Open Data Folder > MQL5 folder > Indicators
    • Copy the dailyrange.mq5 indicator file in the Indicators folder
    • Close and restart the trading platform
    • You will find the indicator here (Navigator window > Indicators)
    • Drag the indicator to the chart to get started with it!

    How Do I Edit This Indicator?

    • Click in the open chart with your right mouse button
    • In the dropdown menu, click on Indicator List
    • Select the indicator and click on properties
    • Now you can edit the inputs, colors, levels, scale and visualization
    • Finally click the OK button to save the new configuration
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