Time Bar
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Time Bar
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
Two types of display mode have been added for easy perception: as a comment in the upper left corner of the graph, or as a graphical object.
Features
:
Font selection
Font size. You can set any one you want. When commenting it is too small
You can move objects. Any time can be selected with a double click and moved to any place on the chart, it will continue to be updated as usual.
Visual notification. You can set a preset number of seconds before the current bar closes, when reached, the time will be coloured with the warning colour set in the settings
Settings
:
Select which time to display
Colour of each time (for graphical objects)
Alert, which will notify about the bar closing soon
