Chart Overlay 4.0

Metatrader (MT4/MT5) Indicator

"Wall Street people learn nothing and forget everything."
- Benjamin Graham
The Chart Overlay indicator displays the price action of several instruments on the same chart, allowing you to evaluate how different currency pairs fluctuate relative to each other.
  • Find overbought or oversold currency pairs easily
  • Plot up to 6 currency pairs overlayed on the same chart
  • Display inverted symbols -if you want to-
  • Adapts to chart size, zoom and timeframe
  • Symbols can be plotted as bars or line charts
  • The size of the overlay chart is customizable
  • Absolute gain or loss calculations
  • Automatic price level calculation
  • Customizable price level density
  • Customizable colors and sizes
Boost your trading activity with the most flexible, powerful and stable chart overlay indicator ever created for the Metatrader platform.

Screenshots

Settings and Input Parameters

When loading the indicator to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

Symbol Settings
Type the names of the currency pais or symbols you want to display on the overlay chart. You need to enter at least one of them in order for the overlay chart to have two currency pairs -one native and one foreign-. If a symbol is left blank or does not exist on the platform, it will be ignored.
Invert Settings
In this block you can decide to invert the chart -and the name- of any currency pair entered above. For example, you can decide to display USDJPY as JPYUSD, which would cause the indicator to invert the price chart, calculate the inverse exchange rate and display it accordingly on the overlay chart.
Chart Settings
In this block you can decide the kind of chart you want to display -bar or line chart-, the size of the overlay chart relative to the background chart and the location of the price labels.
Visual Settings
Customize colors for text labels and price lines, the style of the price lines, the amount of price lines displayed on the overlay chart and select the colors for text labels.
Frequently Asked Questions
Does the indicator repaint?
Can I choose period and timeframe to apply?
Can I select the currency pairs to display?
What is inverting a curreny pair?
Can I invert a symbol in the overlay chart?