Micro time frame indicator forex
Micro-Timeframe for MetaTrader helps you to more accurately see the market. You can make second, second, or even 5-second charts, giving you critical. Scalpers can profit in today's electronic trading environment by using technical indicators that are custom-tuned to very small time frames. The border between them goes through the 1-hour timeframe (H1). Timeframes with bigger periods are referred to as high, large or big (4-hour, daily, weekly. NMSU CPU BASICS OF INVESTING
MetaTrader 4 is an award winning Forex trading platform and is the most popular trading platform on the market today. Users of MetaTrader 4 also enjoy a community of traders that program and freely share their own EAs. In fact, most of the custom indicators, scripts, and Expert Advisors are built and distributed by this tech savvy user community. Almost anything can be found, and just about any trading strategy can be programmed. Even with all its flexibility, MetaTrader 4 does have its limitations.
If you switch between profiles often, then something like that is simply not practical. That being said, there are some features that MetaQuotes creators of MT4 overlooked that can be implemented fairly easily, and without a big headache from a practical standpoint. One such feature that we can add is custom time frames, using a simple custom indicator for MT4 called a period converter. Note: MetaTrader 4 comes with a PeriodConverter script, but it has to be reapplied to your charts every time you restart the platform.
The indicator downloaded from this page does not need to be reapplied to your charts after each restart. Step 3 — Start or restart MetaTrader 4. Step 4 — Open a chart of the currency pair that you would like to make a custom time frame for. This number can be changed to whatever you like.
The chart that you apply this indicator to will be multiplied by this number. Example: If you apply the MT4 period converter with the setting of 2 above to a 5 minute chart, this would produce a 10 minute chart. You can also add multiple instances of the indicator to one chart. In other words, you could create your 10 minute and 20 minute chart from the same 5 minute chart. You would just have to add two of the period converter indicators to your original 5 minute chart. In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently.
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