Precision Trading for MetaTrader 5
Distance From Line is a MetaTrader 5 Expert Advisor utility designed to give traders instant clarity on how far price is from a chosen level. Instead of struggling with MetaTrader’s default crosshairs, which require constant dragging and tiny numbers that disappear, this tool makes distance measurement permanent, customizable, and trader-friendly.
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What It Does
- Place a horizontal line on your chart with a single click.
- Instantly see the live distance from price to your line in ticks, points, or pips.
- Data updates automatically every tick, with no extra effort.
- Lock the line in place or drag it smoothly to adjust levels.
- Configure line color, thickness, and style to your preference.
- Customize label size, font, position, and color.
- Enable auto-color mode: label turns green when price is above the line, red when below.
Who It’s For
- Scalpers needing fast stop loss and target clarity.
- Day traders sizing positions quickly without mental math.
- Swing traders mapping out risk-to-reward scenarios.
- Futures, forex, and index traders who value precision and speed.
Where It Works
- MetaTrader 5
- Compatible with futures, forex, indices, and CFDs.
- Any time frame, from one-minute to monthly charts.
When To Use It
- During volatile market conditions when quick decisions are critical.
- While planning trades to visualize risk-to-reward ratios.
- When testing profit targets and stop loss levels before entry.
Why It Matters
- Crosshairs are temporary, clunky, and not built for precision. Distance From Line gives you permanent, customizable distance data so you can:
- Place stops instantly, knowing if you’re risking 20 ticks or 50.
- Target profits with confidence, e.g., 100 ticks on NQ = $500 per contract.
- Avoid oversizing by having real-time clarity on distance and value.
- Trade with consistency, not guesswork.
- How It Works
- Attach Distance From Line to any MT5 chart.
- Click once to place the reference line.
- The tool displays the live distance in your chosen format.
- Drag or lock the line depending on your preference.
- Trade with clear, accurate data at a glance.
Purchase: Distance From Line
Distance From Line – Expert Advisor Utility
Real-Time Distance Measurement Tool
Platform: MetaTrader 5 (MT5 Expert Advisor)
Quickly see distance in Ticks, Points, or Pips with Live Updates
Delivery:
Instant download after purchase (.ex5 compiled program file)
Platform Requirements
- MetaTrader 5
Financial Disclosure
Trading financial instruments involves substantial risk and may not be
suitable for all investors. The Software is provided as a utility tool to
assist with chart analysis, but it does not guarantee profits or prevent
losses. You acknowledge that you are solely responsible for any trading
decisions and outcomes resulting from the use of the Software.
Past performance is not indicative of future results.