Introduction to Info Rectangle Drawing Indicator

Some technical indicators may not offer = indicators that traders can use to base their decisions, but they can give information that can help them determine whether a particular currency pair or market is worthwhile trading. The Info Rectangle Drawing Indicator (IRI) is one such indicator.

What's the Info Rectangle Drawing Indicator (or )?

The Info Rectangle drawing indicator is a basic information board type of indicator that displays the currency pair in the open price chart, the spread between bid price and ask price, and the range between highest high and lowest low of the day. This information is displayed in the lower right corner.

How does the Info Rectangle Drawing Indiator Work?

The Info Rectangle Drawing Indicator retrieves data from the price feed server, such as the name and price of the current price chart and the ask price and the bid price.

The Spread function calculates the difference between the ask price and the bidding price and displays this information. Spread information is shown in pips and not points.

The daily price range is also calculated by calculating the difference between the highest and lowest highs of each day. The difference is displayed in the "HiToLo” field. It can also be presented in pips.

How to Use the Info Rectangle Drawing Indicator in MT4

You can modify the visual appearance of Infor Rectangle Drawing Indicator by changing its settings.

Users can choose the corner where the information board will be displayed by clicking on "info_corner". Click on the dropbox to choose from "Left Upper Chart Corner", "Right Upper Chart Corner", or "Left Lower Chart Corner".

You can change the background color of the rectangle that serves as the background to the information board by using the "rectan_color" option.

The "rectan_X” and "rectan_Y” fields allow users adjust the position and orientation of the information board on both the x and the y axis.

The "rectan_bord_style", which modifies what type of border is used by the information board, the "rectan_bord_color", which modifies its color, and the "rectan_bord_width", which modifies how thick the border is.

The "font_name” option lets users choose the font style for the text. While the "shift_wordsX", shift_wordsY, and "step_wordsY", adjust the text's spacing as well as the position of the text, the "shift_wordsX" option lets them select the font style.

"show_symbol_period", toggles the currency symbol's display on or off. The "symbol_color", changes the color of a symbol. The "symbol_font_size", modifies the size and font of the symbol text.

"show_spread", toggles the display of spreads on/off, while "spread_color," changes the spread's color and "spread_font_size," changes the font size.

"show_highLow", toggles the display for the daily range, while "highLow_color", modifies its color and "highLow_font_size", modifies its text.

Conclusion

The Info Rectangle drawing indicator does not give any technical indicators such as trend or momentum direction. It can provide valuable information for day traders. Spread lets day traders assess whether the spread's trading cost is too high to make a profit with their strategy. Users can also assess whether most of the market's average daily price movement has been exhausted.

Indicators - Download Instructions

Info Rectangle Drawing For MT4 is a Metatrader 4- (MT4) indicator. Its essence is to transform the accumulated historical data.

The Info Rectangle Drawing indicator for MT4 allows you to see patterns and peculiarities in price dynamics that are not visible to the naked eye.

This information allows traders to assume additional price movements and adjust their strategies accordingly. Click Here for MT4 Strategies

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How do I install the Info Rectangle Drawing Tool for MT4.mq4

• Download Info Rectangle Drawing Tool for MT4.mq4
• Copy Info Rectangle Drawing indicator for Metatrader MT4.mq4
• Metatrader 4 Client can be restarted or started
• Choose Chart and Timeframe to test your MT4 indicator
• You can search "Custom Indicators" using your Navigator, mostly left in your Metatrader4 Client
• Right click on Info Rectangle drawing Indicator for Mt4.mq4
• Attach a chart
• Change settings or click ok
• Your Chart contains the Indicator Info Rectangle Drawing Idicator for MT4.mq4.

How do I remove the Info Rectangle Drawing indicator for MT4.mq4 in your Metatrader Chart.

• Select the Chart in which the Indicator is running in your Metatrader4 Client
• Right-click to open the Chart
• "Indicators list"
• Select the indicator and click delete

Info Rectangle Indicator for Microsoft MT4 (Free download)

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