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VR Your Period indicator for charting any periods. The Forex indicator for MetaTrader 4 allows the trader to generate charts of any periods. The standard set of M1, M5, and M15 is used in the terminal by default ..... MN1, thanks to VR Your Period, a trader can create and analyze charts of absolutely any period, You can analyze charts of M3, M8 or M77. The indicator for Forex instruments based on minute data creates and displays charts in the main window of the terminal.
Non-standard timeframes may be more informative than standard ones. A trader who analyzes non-standard Forex charts sees the market situation more broadly and is more likely to succeed than a trader who uses the standard set of the MetaTrader 4 terminal.
It is important to know how bars / candles are formed in the Forex terminal MetaTrader 4: all standard timeframes are formed as multiples of one day, that is, in one day 1440 minutes, 288 five minutes, 96 fifteen minutes, and so on.when forming non-standard periods (for Example, 7 minutes), it is not possible to take into account the multiplicity of the day. Since when dividing 1440/7, the result will be 205.71. Minute charts are used to generate non-standard periods. And the charts are drawn from the specified date in the indicator settings. The program's algorithm collects a non-standard graph by following bar after bar on a minute chart.
Note that in MetaTrader 4 standard bars are skipped values, for example, a fifteen-minute bar may not have the sixth and tenth minutes, especially the first minute on Monday is often lost. Despite this, the MetaTrader 4 terminal persistently generates standard bars taking into account non-existing bars.The VR your Period indicator generates bars based on actual minute data. With this formation, when using standard periods in the VR your Period indicator, the charts may differ significantly from the standard terminal charts. The program also displays an additional window with information about the bar.
The indicator does not trade automatically, so the yield depends on the knowledge and skills of the trader.
The indicator is based on the minute candles of the MetaTrader 4 terminal. The older the Start Time date, the more minute candles the indicator will need to convert, as well as draw new candles.It may take time to process a large amount of data, so we recommend that you set Start Time to no more than six months. The indicator is designed in such a way that when it is installed, the period of the native terminal chart changes to a minute one without the possibility of changing the period via the terminal buttons.This is done to get the most accurate data for calculating another period specified by the user in the input field or indicator settings. When you install any other indicators together with indicator VR Your Period third-party and built-in indicators are calculated from data terminal with M1 and do not take to calculate the candles and periods of indicator VR Your Period.
Completely redesign the indicator.
The VR Your period file.ex4 for The MetaTrader 4 terminal
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