H3, H6, H8 and H12 Candle Sticks Indicator
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use H3, H6, H8 and H12 Candle Sticks Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
Rasoul Mojtahedzadeh
This indicator is for those who would like to have
H3
,
H6
,
H8
and
H12
candle sticks on their
H1
charts. An input variable is considered to compensate the time difference between your brokers' server clock and GMT0. You can change the color of bearish, bullish and Doji candles as well. Here is a short description of each input variable task/purpose:
TimeFrameInMinutes [Integer Variable]: Your desired time frame in minutes. For example, if you want to have H8 time frame, you set this variable to 480.
UpCandleColor [Color Variable]: Bullish candles color.
DownCandleColor [Color Variable]: Bearish candles color.
DojiCandleColor [Color Variable]: Doji's candles color.
BrokerHourDiffGMT [Integer Variable]: Your broker's time difference in GMT. For example, if your broker's server time starts a day at GMT +2, you set this variable to 2.
NumCandlesToRedraw [Integer Variable]: The number of candle sticks you would like to be drawn.
Width [Integer Value]: Tickness of candles.
