Metatrader 8 Hour Chart

8 Hour Charts MT4

Even though 8 hour charts to not come by default on metatrader 4 they are quick and easy to setup.

The 8 hour time frame is my personal favorite as it bridges a gap between the daily and 4 hour time frame that provides to be an excellent filter against normal market chop or price fluctuations.

I love trading the 8 hour time frame best. It may just be the perfect time frame to trade.

Pros

1. Provides against normal market chop or market noise.
2. 3 possible signal periods a day makes it very easy to trade.
3. Offers plenty of time for also having a life outside of trading!
4. Stronger signals from TA and Price Action.

Cons:

1. Sometimes that 3rd possible signal period could be in the middle of the night depending on what time zone you are in.

Setting Up 8 Hour Charts on Metatrader 4



Period Convertor download link -http://bit.ly/Period_Converter

Thank you for sharing, that could be useful.

nice sharing

When do you like the 8 hours to start ? gmt 00 ? or what broker do you use

This is the best thing since sliced bread was invented. Thanks for the share

Awesome JCL , thank you very much .

i agree with palabara , This is the best thing since sliced bread was invented .

Thank you very much for sharing the indicator and video. It is very useful.

This is cooooooool bro. Just what I have been looking for! Thanks for sharing.

yep, thanks!!

Outdated thread, but I hope someone will respond. When the settings is set to update once every 8 hours, it doesn't reflect the current candle's changes which can be very misleading. I have changed the update interval to 1, but despite that I think a manual refresh of the charts are required. Is there a way to overcome this so the offline chart is updated in real time? (There are many renko indicators that do the same, so i'm hoping its the same logic for the 8-hr charts too)

Great information, thank you

Hi jw1981,

Just used this indicator, if you leave the update period set in the inputs tab and leave it set to zero then the 8 hour offline chart or (any other time frame period you set for the chart) will update in real time from the chart that the period converter indicator is installed on. Setting the update period to 1 is setting it to update every "1" hour!!! Leave it set to 0 and it should be real time, at least it is for me, hope you got there, 4 year later!!!

Just realised you'll also need to allow DLL imports on the settings as well for the period converter.

I'm using it to generate a 12 hour chart that can be used as a 3 times higher timeframe for the 4 hour chart to confirm entries and momentum using a Stochastic indicator and correlating cycle up and cycle down direction with the faster timeframe 4 hour chart!!

I'm looking for instruction or a link to create in MT4 a 2-hour chart. Any help would be greatly appreciated.
Thanks

My suggestion is to open a demo account of MT5, there you can have 6-hour chart as well. I do that all the time

I did this, open a MT5 demo, to check the 8 hour charts.

But I am disappointed, using the app on an iPad, the time frames are the same 9 choices of MT4

That is, there is NO 8 hour, no 6 hour, no 3 hour, no 2 hour

WTF???????????