MT4 Indicator to identify candles | Forex Factory

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MT4 Indicator to identify candles

  • #1
  • First Post: Mar 9, 2011 9:19am Mar 9, 2011 9:19am
Hi there

Does anyone know of a MT4 indicator which will identify all the candles in a chart for a particular time - eg all the 8am candles? Maybe by using colour?

It would greatly help me in my visual backtesting of a manual strategy if specific hourly candles could be easily identified.

Or does anyone know a quick and easy alternate way to do this?

Cheers
  • #2
  • Mar 9, 2011 1:14pm Mar 9, 2011 1:14pm
Quoting erwal
Hi there

Does anyone know of a MT4 indicator which will identify all the candles in a chart for a particular time - eg all the 8am candles? Maybe by using colour?

It would greatly help me in my visual backtesting of a manual strategy if specific hourly candles could be easily identified.

Or does anyone know a quick and easy alternate way to do this?

Cheers
This is possibly not an ideal solution, but this indy will plot (among other things) vertical lines or boxes at set times on your chart.

If you want multiple lines, e.g. at 7am, 9am and 11am, simply attach the indy multiple times.

Hey, you've given me a great idea. I'll enhance the indy to have a Wingdings symbols plotting option, so that it can plot arrows above/below candles also.

Check the thread again in a few hours.
  • #3
  • Mar 9, 2011 2:25pm Mar 9, 2011 2:25pm
This is more than I dared hope for.

Thank you so much hanover.
  • #4
  • Mar 9, 2011 2:28pm Mar 9, 2011 2:28pm
Quoting hanover
Hey, you've given me a great idea. I'll enhance the indy to have a Wingdings symbols plotting option, so that it can plot arrows above/below candles also.

Check the thread again in a few hours.
Wingding symbols facility is now available, please see here for details.
  • #5
  • Last Post: Mar 10, 2011 3:58am Mar 10, 2011 3:58am
This is just fantastic. It works perfectly - exactly what I was hoping to find! It has made visual backtesting SO much easier.

Thanks so much for your generosity and amazing expertise, hanover.
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