Watermark indicator
The best Watermark indicator for MT5 that helps you claim credentials for your chart analysis. The Indicator draws a watermark on the chart, with the timeframe and symbol name.
Description
The Watermark indicator helps technical analysts claim the authenticity and validity of their chart analysis or demonstration of market understanding.
When you post your analysis on public and private forums, there is a possibility that it will be modified and distributed by unauthorized parties. However, you can easily prevent such misuse of price chart images by placing a watermark on them. Also, if you can attach a title to the chart, that’s a plus.
This guide explains how to watermark price charts using the watermark in MT5.
How to Use the Watermark Indicator in MT5
Once you install and apply the Watermark indicator on an MT5 chart, it will automatically place a default watermark on the chart showing the timeframe and currency pair code. You can remove the display of the timeframe, as well as change the separator.
It also includes an additional tag at the bottom of the chart showing Custom Text. Go to the settings and write, for example, your name, which will be visible on the chart.
Conclusion
Many professional-looking price charts are watermarked. This not only adds to the aesthetic appeal of the chart, but can also provide some useful information for traders. The Watermark indicator for MT5 is ideal for technical analysts working with foreign exchange and stock markets.