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Minute Overlay Indicator for Sub Window

by Dr.Hamdi Boukamcha
Name:
Minute Overlay Indicator for Sub Window
Author: brooky29 (2010.06.28 10:03)
Downloaded: 1991
Download:
Minute Overlay Indicator for Sub Window   Brooky_Minute_Overlay.mq4 (4.0 Kb) View
Brooky Minute Overlay Indicator

 

This indicator can be dragged over the top of any other sub window indicator.

It will not upset their working in any way.

 

The indicator will draw vertical lines every hour or any minute that you desire

within the hour as long as a candle closes on that minute. That is you can see a 27 minute

line on a minute chart but not on an M5. You will see a 10minute candle in an M5 chart and

a M1 chart. Got the idea?. Most useful for people dealing with M1 and M5 charts.

 

Stuff tends to happen just after candle closes whether they are 5, 15 or hour candles.

I like to keep an eye on the hour lines because we all share the same hour candle but

not the 4 hour candle and it is good to see where a stoch, macd or such might be at

without looking at anything but the indicator.

 

There are a few strategies that look at the 10 minute candle and such like. This could

make it easier.

 

Example chart shows a M1 chart with Hour, 10 minute, 30 minute and 45 minute lines.

 

It is simple but more useful than it looks. You can change colours, heights, minutes etc.

 

There are 4 lines that can be selected. If you only want eg: The hour ends and the 30 min,

Just make the hour selection as minute 0 and the other 3 to 30, or if you want every 3 minutes

on a M1 chart ??? Overlay a couple of the indicators onto your MAcd or whatever.

 

Scroll your mouse over the line to see which minute line you are looking at.

 

Enjoy.

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