Vertical Time Lines Indicator
Info
The Vertical Time Lines Indicator is a Indicator for MetaTrader 4 that this indicator draws up to six vertical lines, each at a specific time. Each line can be repeated historically, with the time format set as hh:mm.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Vertical Time Lines 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.
What this tool does
This indicator draws up to six vertical lines, each at a specific time.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Supertrend Multi-Timeframe Indicator for MT4 - another powerful indicator for MetaTrader 4 traders.
This indicator draws up to six vertical lines, each at a specific time.Also recommended: i market price 2.1 - real-time price information indicator - similar indicator with strong performance on MetaTrader 4.
Each line can be repeated historically, with the time format set as hh:mm.
The default historical days input is 50, which can be increased as needed, but consider the performance impact on older devices.
Possible uses:
- Mark session open or close times.
- Indicate regular news release times.
- Highlight any other significant time-based events.
Note: A vertical time line set at 09:30 on timeframes of M30 or lower will read as 09:30 since each timeframe contains a candle that opens at 09:30.
However, on timeframes of H1 or higher, the same line will not read as 09:30 because these timeframes do not have a candle that opens at 09:30. For example, on an H1 chart, a line set at 09:30 will read as 09:00, as it falls within the 09:00 - 10:00 candle.
The current code supports up to six vertical lines. To add more, repeat the relevant code blocks and rename accordingly.
Default Inputs:
To permanently change default inputs, edit the following:
- line_x_color (e.g., dodgerblue)
- line_x_visible (true/false)
- line_x_time (e.g., 08:30)
- line_x_width (1-5)
- line_x_style (0=solid, 1=dash, 2=dotted, 3=dash & dot, 4=double dotted dash & dot)
For basic editing guidance, refer to the provided resources.
For MQL4 color names and references, see the specified link.
You may also like: bar timer - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_chart_window
enum lw
{
one = 1,
two = 2,
three = 3,.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.