What is mfcs_gridlines 1.00 Indicator?
MFCS Gridlines 1.00 is an MT5 chart utility that adds horizontal and vertical gridlines at configurable intervals. Line count, spacing, style, width, and color determine the visual alignment of the chart.
The grid helps compare price and time spacing while keeping manual chart annotations aligned. It is a layout aid and does not interpret future price behavior.
How to Use It in Practice
Lay out the horizontal price grid and vertical time grid before inspecting other drawings, using their spacing and style controls to keep the chart readable:
- Use the horizontal interval to set the repeated price spacing, then compare the resulting lines with the chart's price scale.
- Use the vertical interval to set the time spacing, which is the second grid direction.
- Adjust line count, style, width, and color only to make the two grids legible around existing candles and annotations.
Regular price and time spacing improves chart readability, while simple style controls keep the grid adaptable to different layouts.
MT5 Indicator Parameters
The screenshot above shows the default input parameters in the MT5 settings window.
| Parameter | Description |
|---|---|
| lines | Sets how many grid lines are drawn on the chart. |
| interval | Defines the spacing between each grid line. |
| line_style | Specifies the display style of the lines, such as dashed or dotted. |
| line_width | Controls the thickness of the grid lines. |
| line_color | Sets the color of the lines used on the chart. |
