An MT4 indicator that provides an overview of key market signals, from moving averages to RSI and Bollinger Bands, in a compact chart display.
The OANDA Symbol Info indicator is a useful tool for MT4 that displays a status overview for a symbol in a sub-window on the chart.
It shows the daily percentage change, the current price’s position within the day's range, plus several optional technical indicators — such as moving averages, MACD, and the Awesome Oscillator — across multiple timeframes.
Display up to 10 indicators
The OANDA Symbol Info indicator allows users to display up to ten different types of indicators simultaneously, and their bullish/bearish signals as follows.
- SMA (Simple Moving Average):
Bullish if the price is above the SMA; bearish if below.
- EMA (Exponential Moving Average);
Bullish if the price is above the EMA; bearish if below.
- RSI (Relative Strength Index):
An RSI of 30 or below indicates oversold (bullish), while 70 or above suggests overbought (bearish).
- MACD (Moving Average Convergence Divergence):
Above zero is bullish; below zero is bearish.
- Awesome Oscillator:
Above zero is bullish; below zero is bearish.
- Parabolic SAR:
A buy signal indicates bullish sentiment; a sell signal suggests bearish sentiment.
- CCI (Commodity Channel Index):
Above zero is bullish; below zero is bearish.
- DeMarker:
Below 0.3 indicates oversold (bullish); above 0.7 indicates overbought (bearish).
- Bollinger Bands:
If the price exceeds the upper band, it signals overbought (bearish); if it falls below the lower band, it signals oversold (bullish).
Configuring the OANDA Symbol Info indicator
The inputs tab offers the following parameters:
| Variable | Default value | Consideration |
|---|---|---|
| Symbol | (current) | Select the currency pair. You can also display a different pair from the one currently on the chart. Multiple symbols can be displayed on a single chart. |
| Use pip size | 0.0 | For FX CFDs trading, leave the default setting unchanged. |
| Timeframe for % change | D1 | Choose the timeframe used to calculate the price percentage change shown at the top of the window. To show the daily change, select D1. |
| Number of bars for % change | 1 | Enter the number of bars used for calculating the percentage change. To show the daily change, set the timeframe to D1 and enter 1. |
| Timeframe for high/low | (same as % change) | Select the period for the bars showing the high/low range. If the same as % change, choose "same as % change." |
| Number of bars for high/low | 1 | Enter the number of bars to define the high/low range. |
| Background colour | White | Set the background colour of the Symbol Info sub-window. |
| Rise colour | Blue | Choose the colour displayed for bullish conditions. |
| Fall colour | Red | Choose the colour displayed for bearish conditions. |
| Text colour | Gray | Set the colour for the text. |
Indicator configuration options:
Type:
Select the type of indicator.
Parameter:
Set the parameters based on the indicator type.
If left blank, default values will apply.
- For SMA, EMA, RSI, CCI, and DeMarker: Enter the period (the default value is 14).
- For MACD: Enter the short and long EMA periods (e.g., 12,26).
- For Parabolic SAR: Enter the acceleration factor and maximum value (e.g., 0.02,0.2).
- For Bollinger Bands: Enter the period and standard deviation (e.g., 20,2).
- For the Awesome Oscillator: No parameters required.
This article and its contents are intended for educational purposes only and should not be considered trading advice.
