MTF KuChart
- Indicators
- Atsushi Tokuno
- Version: 1.1
- Updated: 16 May 2024
- Activations: 5
This is the MT5 version of Ku-Chart.
This is an indicator devised by Ku-chan, a famous Japanese trader, based on the dealings of Lehman Brothers' discretionary traders.
Unify the measuring stick of currencies to display the true value of currencies.
Although it is an indicator, it does not use a buffer and is displayed using objects such as trend lines.
Also, instead of drawing on the subchart, it is drawn in an area far above the current price of the main chart, so you can switch from the normal display range by unchecking "Bar scale point" in the chart properties.
All the text on Ku-Chart can be manipulated with a mouse click, so you can choose which members to include in the calculation of the logarithmic rate of change (USD is fixed), which time period to calculate, etc. It can be calculated regardless of the time period of the chart to which the indicator is attached.
In addition to currencies, it is possible to display a combination of representative stock indexes, commodities, virtual currencies, etc.
Combine currencies whose direction is stable, or combine currencies that are being bought and currencies that are being sold. It can also be used for swing trading of currencies with similar price movements.
When MTF_KuChart is applied to a chart, the bars on the chart disappear, but this is because the indicator is displayed at a price far above the current price.
Right-click on the chart → Properties → Share tab → Bar scale point is checked, but if you remove it, the normal chart will be displayed, and if you check it, the indicator display area will be displayed.
MTF_KuChart can be operated by clicking the text object on the chart. The object will be drawn to the right of the current bar, so set the chart shift, and if the display is hidden, adjust the shift amount with the upper arrow.
I will explain from the right side of the screen.
The far right is the currency used to calculate the logarithmic rate of change. The price movements of the selected currencies will be offset to form a KuChart.
For currencies and other stock CFDs and commodities that are not included in the calculation, the price movement of the profit and loss currency is removed from the price to show the true value of the symbol alone.
You can select the currency used for calculation by left-clicking. (USD is fixed and cannot be clicked.)
The next time period you want to display. Calculated and displayed for the time period you click.
If the bar data for the relevant time period has not been retrieved, it may not be displayed even if you click on it, but the first click will attempt to retrieve it, so please try clicking again.
Next is the symbol you want to display. Symbols that are not displayed are displayed in gray. The displayed symbol is displayed next to the symbol's price movement trajectory.
You can select whether to display it by clicking it.
KuChart's scale automatically adjusts to the symbol with the highest volatility.
The settings you set on the screen are saved in the global function, so the settings will be inherited even if you restart MT5.
Now let's explain the parameters.
・Unique number...Used to record settings. If you use multiple MTF_KuCharts in the same MT5, please change the number.
・Bar...Set how many bars ago to calculate. If set to "0", calculations will be made from the left edge of the chart.
・Font Size...Set the font size of the text.
・Update Sec...MTF_KuChart recalculates each time the text is clicked or the displayed time axis is updated, but it can also be set to recalculate every specified second. For example, if you enter 30, it will be calculated every 30 seconds.
*I don't think it will feel heavy even if you calculate frequently, but since the entire calculation is recalculated, you may find the delay in displaying objects annoying.
After that, enter the symbol name. Please change the symbol name as appropriate to match your account.
That's all. If you have any other questions or requests regarding the product, please contact us.
Thank you very much.
