The Chart Symbol Changer Forex indicator for Metatrader 5 enables traders to quickly load another chart directly from the symbol changer dashboard.
You can edit the desired symbol list (indicator inputs).
The following indicator inputs and parameters can be adjusted to suit your preferences: symbol panel list, and more.
Make yourself familiar with this technical indicator and test it first on a demo account.
It supports all time frames, Forex pairs, and other trading instruments offered by your MT5 broker’s platform.
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Chart Symbol Changer for MT5.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Symbol Background Forex indicator looks like when applied to the MT5 chart.
Efficient Multi-Symbol Analysis with Symbol Changer and ZigZag MACD Candle
The Chart Symbol Changer Indicator for MT5 lets you quickly switch between multiple symbols on a single chart, saving time and improving workflow.
Combined with the ZigZag MACD Candle Indicator, you can seamlessly scan and analyze price patterns with momentum confirmation across different instruments.
How to Use Together
- Symbol Changer: Easily cycle through favorite currency pairs or assets without opening new charts.
- ZigZag MACD Candle: Identifies price swings with MACD momentum signals directly on candlesticks.
Strategy Overview
- Select a symbol using the Symbol Changer for quick multi-pair analysis.
- Watch for ZigZag swing points highlighted by MACD candle signals indicating momentum shifts.
- Enter trades following confirmed MACD candle signals aligned with ZigZag swing reversals.
- Use standard stop-loss and take-profit levels based on recent swing highs/lows.
Why This Combo Helps
Switching symbols quickly with the Symbol Changer combined with momentum cues from the ZigZag MACD Candle Indicator streamlines decision-making and increases efficiency in fast-moving markets.
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Chart Symbol Changer for MT5.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 Chart Symbol Changer for MT5.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 on the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on the properties
- Now you can edit the inputs, colors, levels, scale, and visualization
- Finally, click the OK button to save the new configuration
