OHLC Bar width

hi guys...

would be interested in a small MT4 indicator that changes the width on the standard bar...Had a quick look on this part of the forum but did not see anything...

regards

John

I agree, have searched for a .mq4 indicator for this but as of yet have not found one.

I'm not exactly sure what you mean. I assume you've used the + and - keys to zoom in/out? Apart from that, it's not possible to change the width of MT4's 'factory-supplied' bars or candles.

Or are you talking about equivolume charting?

It's possible to draw boxes (rectangles) in the main chart window. Their widths can be variable, but can only span multiples of 1 time period. So, for example, on an M5 chart if an indicator drew triple width boxes each would use up 15 mins worth of the horizontal space. Without doing any programming, you can use the Insert > Shapes > Rectangle option to draw boxes on the chart. When you drag the corners, you we see how they snap onto the candle positions only: the same limitations apply to programmed boxes.

It's also possible to programatically plot a histogram in the main chart window (I've seen it used to plot Heikin Ashi candles - see attached) to replace the factory-supplied candles. The bodies and wicks of the synthetic candles are created by histograms of different widths being superimposed on each other. MT4 allows 5 possible widths. It's only possible to plot candles (as opposed to bars) in this manner, because bars have the little left and right 'struts' to denote open and close, which can't be represented by histogram(s).

If you can explain exactly what it is you're seeking, I'll investigate further.

[EDIT] Oops, I just realized that the original post is > 6 months old.

I am refering to the width of the bars. I know it is possible to zoom in and out but the candles are just too small for the setting I like to use. My "standard".
I was just thinking since you can use Hekin Ashi bars, Volume bars etc it would be possible to program an mt4. that is simply a regular OHLC bar but adjustable in the width, Like the Hekin Ashi bars are.

its not that big a deal I just think the metatrader bars are a little skinny and hard to read, expecally the feet or opens and closes. I have to either zoom in and out which gets old or lean close up to the screens. (I have 3 monitors)
anyway hope you know what I am talking about TTYS

JelloMonkey

I've modified the Heikin-Ashi indicator to make it plot 'normal' OHLC (as opposed to HA-averaged OHLC), and set the histogram that is the candle body to max allowed width of 5. It doesn't create a wider body than the MT4 factor-supplied candles, though.

To make the factory-supplied candles disappear, switch to a line graph (press Alt-3) and then press F8 and change the color of LineGraph to None.

Sorry, but this is the best solution that I can come up with.

Hi Hanover,

I have your other indicator OHLC-HA, ( last 2 candles colour seems wrong until chart is refreshed) and this one prints different Heikin Ashi candles to the OHLC one posted here. Candles in history seem to be OK, back further than last 2 candles

I have compared the OHLC against a pure Heikin Ashi chart and there are quite a few discrepancies here, even in history & after refreshing also.

As I am not a coder, can you tell me which one is easier to fix ?

this one is good