I was wondering if it was possible to determine custom timeframes. For instance, can we have a 7-minute chart?
And actually, I am also looking to use 10-tick charts, 50 or 133-tick charts. Is there any way to do that?
I saw some users created some sort of EAs on Metatrader 4 to have tick charts (http://www.marketcalls.in/metatrader/how-to-setup-tick-charts-in-metatrader-4.html). Is there something similar for MT5?
Many thanks in adance.
Even though 7 minute chart is strange, however, yes you can build any timeframe you want by using 1 minute chart. You can draw the chart using principle similar (I said "principle similar") but not exactly like this https://www.mql5.com/8rx. I know it's paid one, and it's using .hst data, but you can build the same using 1 minute data.
I don't know what is it in 10, 50, and 133 tick - why 133 ? - however, this is tick chart https://www.mql5.com/en/articles/60 and https://www.mql5.com/en/code/89.
thank you for your response onewithzachy!
Yes, 7-min chart is totally strange :D it was just an example actually, I'm not using it :)
xxx-tick chart is a chart where you have a new bar (or candle) every x tick. In a 1-min chart, you have a new bar every minute...but with a 50-tick charts, there is a new one every 50 ticks.
I'm really looking into finding a way to have these x-tick charts. This is sad Metatrader can't do it while a lot of other trading softwares (Ninjatrader, Prorealtime, ...) do it perfectly.
I will look at your links in more details, they look very interesting!