candles, arbitrary seconds
Info
The candles, arbitrary seconds is a Indicator for MetaTrader 5 that this indicator is not on bars or on tick based. it strictly works based on a time.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use candles, arbitrary seconds
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 is not on bars or on tick based.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: price prediction using nearest neighbor algorithm - another powerful indicator for MetaTrader 5 traders.
this indicator is not on bars or on tick based. it strictly works based on a time. it generates a new bar with open, close, high and low for the given period in seconds. this version does not depend on ticks at all (it works even on weekends — creating a flat line, since there is no price change, but it works) and this version is able to display data even when ticks in regular sessions are not coming in.Also recommended: triple bolling modified - similar indicator with strong performance on MetaTrader 5.
also, pay attention that starting multiple instances of the same indicator with same settings at different time will not produce same "chart": the data will be different.ps: it does not generate offline data.
You may also like: xw p r histogram vol direct alerts - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 5
#property indicator_plots 1
#property indicator_label1 "open;high;low;close"
#property indicator_type1 draw_color_candles
#property indicator_color1 clrgray,clrlimegreen,clrsandybrown
input int seconds = 3; // seconds for candles interval.......
⚠ 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.