AnyCandle - H1, H4, D candles on your M15 chart

Dec 25, 2014: a new version of AnyCandle is released now. It is called AnyCandleGroup showing the last 3 candles automatically instead of one, Week and Month candles also can be displayed from now. For details pls check the updated description below. The old version still remains available from here.

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Overview

This indicator displays the last 3 candles of any timeframe on the right side of your chart plus gives a human voice speech alert when candle close is imminent. AnyCandleGroup lets you keep things elegantly simple on your chart. Anycandle is useful especially if you take into account volume/spread analysis in your trading decisions.

Features

1. Displays the last 3 candles of any timeframe on the right side of your chart
2. Gives easy to understand english speaking human voice alarms if candle close is imminent (voice package needs to be downloaded and installed)
3. Gives visible alert by changing candle colour when candle is going to close
4. Alarm levels are adjustable from seconds to minutes according to your needs
5. Indicator can be switched ON/OFF without removing it from the chart
6. Code is optimized to minimize the software footprint and utilizes the latest Metatrader 4 enhancements (supports build 600 and above):

How to install

1. Download AnyCandleGroup_v1.4.zip and Sounds.zip

2. Extract the ZIP files to your temporary folder.

3. Copy the ex4 file to the following folder:

..\Users\Your-Win-Login-Name\AppData\Roaming\MetaQuotes\Terminal\xxx\MQL4\Indicators

4. Copy the WAV files to the folder below:

..\Program Files (x86)\Your-MetaTrader\sounds\

5. You are ready to go.

How to use

 

1. Switch on the Chart Shift function in your Metatrader (click the button on the toolbar).
2. Add an AnyCandleGroup instance to your chart
3. Set the TimeFrame property: AnyCandleGroup will display the last 3 candles of this timeframe (H4 candles by default).
4. Set the Position property. Change only if you use more than one AnyCandleGroup indicator on the same chart, otherwise you can leave it as is (default is 7).
5. Set the Alarm settings: set the time and unit of measure (min = minutes; sec = seconds) settings are case-insensitive, so 5 min or 5 Min is the same (alert is OFF and set to 5 min by default)
6. Enjoy!

Hints on usage

1. You can add more than one AnyCandleGroup instance to the same chart. Let's say you have an M15 chart and want to see the last three H4 candles, Day candles and Week candles also. In this case you have to add three AnyCandleGroup instances to your chart. Don't forget to set the Position porperty for the 2nd and 3rd instances (set 7 for the 1st group, set 15 for the second instance and 23 for the third), otherwise your second/third group will be displayed over the first one.

1. Do not add more than 3 AnyCandleGroup instances to the same chart (you can but useless)

1. Enable the alarm feature only in one AnyCandleGroup instance for a given timeframe. This way you can eliminate replicated alerts.
   
   
2. Use AnyCandle together with any quality volume indicator eg. SonicR indicators from TAH.
   
   
3. Note that current version of AnyCandle uses your broker's server time. A brokers server time determines the open/close time of the 4hr candles you see on your MT4 chart. Why this piece of information is important? For example, if my broker starts the day at 00:00 GMT+0 and let's say your broker's MT4 starts one hour later (at 00:00 GMT+1 hour), our H4 charts will end up looking very different. When looking at your charts it is important that you see what the majority of people see. And most of the worlds traders are using servers running in GMT+0. The reason is that most of the volume in Forex market occurs in the London session. To be able to show different H4 candles would need a sophisticated calculation routine built into AnyCandle. I plan to add this feature in the near future.

Example


If you want to see the last three H4 and Day - candles on your M15 chart, and wants to be alarmed 5 minutes before your H4 candle closes, you have to drop two AnyCandleGroup indicators to your chart and set them up as follows:

H4 - candles (AnyCandleGroup1):

1. Timeframe = H4
2. Position = 7
3. Alarm_On = true
4. AlarmStartBeforeClose = 5
5. AlarmStartMeasure = min

Day - candles (AnyCandleGroup2):

1. Timeframe = D
2. Position = 15
3. Alarm_On = false

FAQ

1. There are three AnyCandleGroup indicators on my Indicator list, but I can see only one AnyCandleGroup on the chart. What is wrong?
The Position property has the same value in each AnyCandleGroup instances. Set a unique value for each of them (see settings in Example above).

2. Sometimes I can see unwanted AnyCandleGroup candles across my chart. Why is that?
Usually this happens when your PC wakes up from standby after a longer period of time and MT4 starts refreshing its charts. From version 1.4, AnyCandleGroup has a scheduled built-in clean-up process that starts within a minute after your MT4 terminal resumes (be patient). This automatic process works only when forex market is open. Or, you can refresh your chart manually, by changing your chart timeframe to a different timeframe for a while, then back to M15 (or whatever it was).

3. What happens if I set an invalid alarm start value?
Do not worry, AnyCandleGroup will not accept invalid settings and will recommend appropriate param values instead.

4. Is it possible to change AnyCandle's colours by the user?
Yes. Colours are fully customizable by the user in the Style - section (see Step-2 pic).


Legal notes
This indicator is free for any non-commercial use.

Good luck!
Sunbrella, 12-25-2014

Version history:
1.41: Alert time calculation bug fixed
1.40: Code is re-designed for latest MT4 and optimized to minimize the software footprint plus displays the last 3 candles of the selected timeframe
1.30: Added week and month candles
1.20: Body and shadow colors are user adjustable (good news for white templates)
1.10: TimeShift and human speach alerts added
1.00: initial release

nice it´s your code - cool. and great idea.

I will take a look on it.

enigma4x

p.s. beware with it to post in TAH zones. My suggestion to you

hi,


very very interesting . i will give it a try.

"p.s. beware with it to post in TAH zones. My suggestion to you " - enigma4x

Enigma4x, this comment of yours rude and totally un-called for!

Regards,
-tah

Wow, this is very cool. Great work!

I was wondering if it would be possible to add a feature where a daily candle from the previous 24hrs could be placed ahead of the 3 regular candles?

Pic attached.

Thx Enigma, I like you both. I do not want to offend anyone, rather help each other.

Forget to mention in the overview that when used on lower timeframes (on M1 you put an M15 candle e.g.), in this case you will hear a male voice speach. So you have a sound basis of what timeframe is about to close a candle.

Thanks, good idea, will check it on the next week.

Brilliant Stuff Sunbrella

Hi forexhard, it is easier to do than one may think at first sight and can be done without program modification. The only thing you have to do is to add four AnyCandle instances to your chart and set them up as follows:

D candle (this will show the previous session)
Timeframe = 1440
TimeShift = 1
DisplayOffset = 7
Alarm_On = false

H1 candle
Timeframe = 60
TimeShift = 0
DisplayOffset = 10
Alarm_On = true

H4 candle
Timeframe = 240
TimeShift = 0
DisplayOffset = 13
Alarm_On = true

D candle (current session)
Timeframe = 1440
TimeShift = 0
DisplayOffset = 16
Alarm_On = true

Hopefully this provides the result you wanted to see.

Thank you Sunbrella, that did the trick! Perfect.

You are welcome, I have added your settings to the 1st post as Example2.

I just have added another example pic of how to display a series of H4 candles of current session on an M15 chart.

This upgrade is good news for those who use AnyCandle on a chart with a white background. Candle colors are user adjustable from now.

For first time installations pls download both packages (v1.2 is an upgrade only without the WAV files). For installation and set-up instructions see 1st post.

For further development: I plan to add a feature that gives an alert when price action has a higher probability to turn based on a series of candles of higher timeframes.

If anyone is interested in, pls let me know.

that would definitely be something that i would be interested in....thanks in advance

Count me in too!

Sunbrella, here are a couple of mods that I know would be very useful, particularly for breakout strategies. I hope you like them too.

A feature would be needed for choosing how many hours forward to paint the images. E.g., "8" would paint an image (the lines or the shadow box) for another 8 hours past for formation of that candle. If multiple Any Candles are used (I use 4 on my charts: Day past, 4hr past/4 hr past/4hr current) they get painted on top of these images.

FH

You've inspired my thinking, Sunbrella. I really like this indi. It's very flexible and unique.

Here's another mod I hope you will like. Notes on pic:

Shr5, Forexhard, glad to hear that. Thank you both for your feedback, will consider your recommendations in the next release.