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2011.05.17 08:52
Indicators

3-Candle Chart - indicator for MetaTrader 4

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Author:

I am not aware of other similar type of chart. However, please let me know if I am infringing on someone else work.

I wanted to find out if there was useful information to be displayed from the London open to the New York Close.

It is made of 3 candles per trading day:

- London Open to New York Open

- New York Open to London Close (Power hours)

- London Close to New York Close

I also added a "funny" number to offset the chart itself. See below. Any suggestions welcome.


Recommendations:

  • Works only on 1 hour timeframe
  • Timeoffset variable is the offset (in hours) between GMT and your MT4 Broker's time
  • SBnumber variable is a funny number used to offset the whole group of candlesticks. It gives sometime surprising results.
  • Displays better on a line chart
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Help me making this better.