Hey there, fellow traders! Today, let’s dive into the Daily Percent Change indicator for MetaTrader 5. This handy tool is essential for tracking how much a currency pair has moved throughout the day.
The indicator window displays the percentage change for the day, giving you a quick snapshot of market activity. It’s a straightforward calculation:
- % Change = ((Daily Open Price - Current Price) / Daily Open Price) * 100
What does this mean for you? Well, it helps identify trends and volatility, so you can make informed decisions while trading.
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