💡 "Look at the Line" — See the Candle Mood in a Glance!

📌 Overview

"Look at the Line" is a simple yet powerful MetaTrader 4 (MT4) custom indicator developed by R.KH. It visually reflects the sentiment of the current candle using a vertical line directly on your chart. Whether you're a beginner or an experienced trader, this tool gives you a quick glance at the market's current direction—bullish, bearish, or neutral.

🛠️ Functionality & How It Works

This indicator analyzes the latest candle (bar 0) and compares its Close and Open prices:

If Close Open → Candle is Bullish, line color: Lime (Green)

If Close Open → Candle is Bearish, line color: Red

If Close == Open → Candle is Neutral, line color: Gold

A vertical line (OBJ_VLINE) is then drawn at the time of the current candle, colored according to this mood.

⚙️ Input Settings

The indicator includes customizable inputs:

ParameterTypeDefaultDescription

upColorcolorclrLimeColor for bullish candles

dnColorcolorclrRedColor for bearish candles

nuColorcolorclrGoldColor for neutral candles

line_styleENUM_LINE_STYLESTYLE_DOTStyle of the vertical line (dot, dash, etc.)

These inputs allow you to personalize the visual representation according to your charting preferences.

📋 Execution Steps (How It Runs)

When attached to a chart, it initializes the indicator and sets its name.

At each new tick (start() function):

It determines the color based on candle direction.

Deletes the previous line (if any).

Creates a new vertical line at the current time.

Applies the selected color, style, and width.

The process repeats on every tick, ensuring the vertical line always reflects the most recent candle.

❌ De-initialization

When removed or reloaded, the indicator deletes the drawn object ("Look at the line") to keep your chart clean.

✅ Key Benefits

Ultra-lightweight: Does not affect chart performance.

Immediate sentiment detection.

Customizable appearance.

Clean and minimal chart marking.

🔚 Credits

Developer: R.KH

Official Website: www.robomql.com

Version: 1.00

Year: 2025