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Price Ray

5

Price Ray indicator is a utility that will improve the way you trade. Primarily, it shows the Bid, Ask or Last price as a line ray which beams till the current candle, last visible chart candle or extended to all candle bars. The enhanced features in this indicator provide information in an area where you focus most, right next to the current candle. You can select text to be shown above or below the Price ray. The indicator is fully customizable, allowing it to fit any strategy requirements.

The indicator allows the display of the following text above or below the price ray. Below are the options:

  • Bid, Ask, Last Price (server feed required)
  • Current spread (in pips or points)
  • Bid price with spread
  • Candle Range (High-Low & Open-Close) » The range and the body size for a defined time-frame candle in pips -> the range as HL (High-Low) and the body size as OC (Open-Close).
  • Candle Timer (actual or as percentage)
  • Option not to show any of the above

The indicator allows customisation of Line (extension, style, width and colour), Dot (enabled or not, dot size, shifting the dot and line ray to the left) and the Text (font, size and colour). You can choose whether the colour of Price Ray is constant, or it changes based on trend. Also, you can select the bullish or bearish colour for the trend.

The ideal way to determine a trend is to look at the chart with trend lines drawn on the highs and lows. Added to this, the strategy may include, to determine whether the current price is above or lower to opening price for a higher time-frame. Price Ray indicator changes the line ray colour based on bullish or bearish candle body of a selected timeframe. Price Ray also shows Range (high & low) with open price for trend target timeframe. I have illustrated a strategy to trade based on the trend of a higher timeframe candle in the User Guide.

Price Ray includes a comprehensive Candle Timer which displays remaining seconds to the close of a time-frame candle, either above or below a Price Ray. It triggers a notification alert irrespective of the selection of candle timer as a text. The indicator announces an alert at specified seconds before close of the current candle. You can select the alert as a pop-up or a bird chirping sound. There is an option to select from a list of notification sounds (Canary, Cardinal, Meadowlark, Owl, or a Rooster). I have included a button to enable or disable the notification sound. You may decide to disable the sound alert temporarily. It is also useful when the indicator is being used in multiple charts.

Please note:
  1. The display of "Last Price" depends on the availability of price feed (data) from the server.
  2. The indicator changes the Chart Properties (Function key - F8: Common tab) for enabling and disabling the default selected Price to be shown as the Line ray. You can change it when needed.
Product Links:
User Guide
MT4 version


Reviews 10
MohamadAmin99
14
MohamadAmin99 2024.09.05 20:24 
 

very good

Calogero Vella
584
Calogero Vella 2024.05.24 19:22 
 

Many thanks for this helpfull Indicator!!!

Seyedmohammad Alhosseini
89
Seyedmohammad Alhosseini 2023.11.30 08:08 
 

AWESOME

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Keni Chetankumar Gajanan -
Monitoring your trades over time helps you build up your account balance and shows when you miss your goals. Viewing the closed trades of a symbol on the chart can help you adjust your strategy for better results. Maintaining a trade book allows you to record the applied strategy and note the reason for taking each trade. It helps you to evaluate and refine strategies based on its profitability. A possibility to download the Account history as a text file with delimited fields, allows upload to
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MohamadAmin99
14
MohamadAmin99 2024.09.05 20:24 
 

very good

Keni Chetankumar Gajanan -
10219
Reply from developer Keni Chetankumar Gajanan - 2024.09.07 05:45
Thanks for the review
Calogero Vella
584
Calogero Vella 2024.05.24 19:22 
 

Many thanks for this helpfull Indicator!!!

Keni Chetankumar Gajanan -
10219
Reply from developer Keni Chetankumar Gajanan - 2024.05.27 04:17
Thanks Calogero for the nice review.
Mary Gomes
287
Mary Gomes 2024.04.15 15:55 
 

User didn't leave any comment to the rating

Keni Chetankumar Gajanan -
10219
Reply from developer Keni Chetankumar Gajanan - 2024.04.15 18:57
Thanks Mary,
I am glad you find the indicator useful.
JAY - B
18
JAY - B 2024.02.18 07:58 
 

User didn't leave any comment to the rating

Keni Chetankumar Gajanan -
10219
Reply from developer Keni Chetankumar Gajanan - 2024.02.18 08:29
Thanks JAY-B, I really appreciate the encouragement.
Seyedmohammad Alhosseini
89
Seyedmohammad Alhosseini 2023.11.30 08:08 
 

AWESOME

Keni Chetankumar Gajanan -
10219
Reply from developer Keni Chetankumar Gajanan - 2023.11.30 09:38
Thank you, Seyed. I value the positive review and am happy to know that you found the product useful.
RUTTO2
432
RUTTO2 2023.09.28 09:15 
 

Indicator works very well. If you want to see important information like bid/ask/spread and timer on chart all at once, get this one. Very good

Keni Chetankumar Gajanan -
10219
Reply from developer Keni Chetankumar Gajanan - 2023.09.28 09:35
Thanks #RUTTO2 for the review. Really appreciate it 🙏 Kind regards, Keni
Tyler Sanchez
548
Tyler Sanchez 2022.11.07 20:00 
 

Many thanks to the developer for this indicator! I have a suggestion, in a next update could you allow the text to be in the center?

Fxsterling
21
Fxsterling 2022.02.28 15:57 
 

User didn't leave any comment to the rating

Keni Chetankumar Gajanan -
10219
Reply from developer Keni Chetankumar Gajanan - 2022.03.01 01:54
Thank you.
Bilal Habboub
83
Bilal Habboub 2022.02.07 11:16 
 

User didn't leave any comment to the rating

Keni Chetankumar Gajanan -
10219
Reply from developer Keni Chetankumar Gajanan - 2022.02.07 12:47
Hi Bilal,
Thanks for your review. I request more clarity on the issue. Is it possible to send a screenshot of the changes made by you to "Inputs" tab for indicator on MT5? You can attach the screenshot if you add this issue in the "Comments" tab on this page.
Regards, Keni
Aleks_91
107
Aleks_91 2021.12.12 19:05 
 

отлично! Спасибо.

Reply to review
Version 2.6 2024.09.30
» Changed from left mouse click to combination of Ctrl key & left mouse click for shortening or extending the Price Ray line
» Added the DST Applicable City input parameter to correct the display of range
» Minor fixes
Version 2.5 2024.02.28
- Minor fixes and improvements.
Version 2.4 2024.02.09
» Fix: Handles candle/bar gap at Open for some symbols (e.g. Gold)
Version 2.3 2024.01.26
- Code improvements » Improved speed for display of Price Ray and information
Version 2.2 2024.01.23
Added Functionality:
- Range Display on chart » Choose to show range for previous or current period
Version 2.1 2024.01.04
- Range fix -> Holidays
- Pips of Points -> HL and OC
Version 2.0 2023.12.05
- Added Functionality:
» Show a current range for a selected timeframe on the chart
» Show spread as pips or points
» Added the button to show or hide range
» Changed the button for Candle Timer. Possible to align buttons vertically or horizontally
» Possible to extend or shorten price ray upon clicking the line or dot
Version 1.8 2023.07.14
- Fixes and code improvements
Version 1.7 2023.01.05
- Functionality Option Added -> Show as Ray -> Bid and Ask Price - shows both Bid and Ask price for spread to be seen visually (requested by Payman for MT4)
- Functionality Option Added -> Text to be shown -> Candle Timer: Time left for close (%) - shows percentage of time left for candle close (requested by Payman for MT4)
- Minor fixes and improvements.
Version 1.6 2022.12.01
- Option to move text display away from the dot
- Minor fixes and improvements
Version 1.5 2022.09.14
- Minor fixes and improvements.
- Changed check for “Notify seconds before end time” to a minimum of 5 seconds
Version 1.4 2022.04.16
- Fix : Calendar Timer
Version 1.3 2022.02.07
- Added a Notification Toggle button to enable or disable the Candle Timer Sound alert.
- Changes of input parameters in the Properties window (Dot and Line shift, Toggle button location)
- Minor fixes and improvements.
Version 1.2 2022.01.19
- Added an option to select Notification alert sound (Canary, Meadowlark, Cardinal, Owl, Rooster).
- Changes of input parameters in the Properties window (selection of Notification Sound).
- Minor fixes and improvements.
Version 1.1 2021.12.24

- Candle timer updated each second and with Notification alert as Pop-up or bird chirping sound.
- Inclusion of Last Price shown as the Price Ray and in the selection of text.
- Changes of input parameters in the Properties window.
- Minor fixes and improvements.