Additional time frames for mt4

[5073095]

Good morning everyone ... I would like to ask the experts in general if they have news on some utility for mt4 that changes time frames by entering intervals different from those pre-ordained

thanks

[Miguel Angel Vico Alba]

5073095:

Forum on trading, automated trading systems and testing trading strategies

Is it possible to add different time charts on Metatrader 4?

Soraya Bahlekeh, 2023.06.25 09:01

To display a price chart for a currency pair, let's assume we choose the NZDUSD chart. To create an 8-hour timeframe, we can use the 4-hour timeframe as the primary and reference chart.

Once the 4-hour timeframe chart is displayed, you need to open the Navigator window (shortcut keys: Ctrl + N).

Now, open the "Scripts" tab and click on "PeriodConverter." This script converts the base timeframe to your desired timeframe. Since we want to create an 8-hour chart, drag and drop the PeriodConverter script onto the primary chart (i.e., the 4-hour NZDUSD chart).

At this stage, a window will appear asking you to enter a value. By default, the number 3 is selected. Change this number to 2 (2 * 4 = 8).

Alternatively, you can use a 1-hour chart as the reference timeframe and enter the number 8 in this section. In this case, 1 hour * 8 creates an 8-hour chart.

In image number one, you can see instructions for creating an 8-hour NZDUSD chart based on a 4-hour time frame

As soon as you enter the desired number in this section, the window disappears.

To open the chart in the created timeframe, you can click on "Open Custom Time Frame" in the menu bar, under the "File" section. In the opened window, find the desired currency pair and the created timeframe.

In this example, the image below shows the NZDUSD currency pair in the H8 timeframe. Select this chart and click on "Open".

 I hope this example is useful for you.