|Vertical Line Indicator for MT4|
You can see the indicator in use by viewing the Trade Finder video.
The Vertical Line Indicator is very similar to the basic MT4 version, with a few exceptions.
1. You can Hide or Show the indicator from the chart.
The AWARENESS Parameter:
In version 1.2 an Awareness parameter was added:
1. LOCAL means each symbol in a chart can have its own vertical lines. You can have many charts open in MT4 and each symbol in each chart will have its own vertical lines.
2. GLOBAL means charts that use the same symbol, ie. EURJPY, will share the same vertical lines. If you open two charts and set them both to the EURJPY, both charts will have the same vertical lines.
3. GLOBAL_ALL means all charts and all symbols share the same vertical lines. This is what most traders who use MT4 are use to.
As with all the indicators that have a GLOBAL or GLOBAL_ALL Awareness setting, in order for them to work, each chart you are interested in sharing must be set to the same setting (GLOBAL or GLOBAL_ALL). Setting one to LOCAL and the other to GLOBAL won't work.
When the Vertical Line's Awareness parameter is set to GLOBAL_ALL the first Vertical Line drawn on
Also a COLOR LIST has been added to the indicator. This is a list of 8 colors that the indicator will cycle through when you add a vertical line to a chart. This should make it eaiser to find the same line on other charts.