VR Your Period we build any period of the chart

Review Advantages Algorithm of operation Profitability Recommendations Settings Video Planned What's in the archive FAQ Reviews and discussions

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Review

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.

Advantages

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.

Algorithm of operation

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.

Profitability

The indicator does not trade automatically, so the yield depends on the knowledge and skills of the trader.

Recommendations

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.

Settings

Time Frame / Period - the schedule period is specified strictly in minutes, 1 hour = 60 minutes, 1 day = 1,440 minutes, and so on.
Prefix - a unique object label when running multiple copies of the indicator. The Prefix must be different for each copy, and any two letters must be specified.
Position Edit Period - y-axis offset of the period input panel. Used when two or more indicators are launched simultaneously.
* Distance - offset of the chart relative to the current one.
Body Fill - fill candle bodies with color.
To show the main candle ? - hide / show terminal graph
Bulls Color Body - color of bullish candle bodies
Bears Color Body - color of bearish candle bodies
Bulls Color Border - the color of the outline of bullish candles
Bears Color Border - the color of the outline of bearish candles
Width Border - the thickness of the candle outline
Start Time - the time when the terminal candle data analysis starts.
Corner label - the anchor angle of the indicator button
X position label - offset of the indicator button
Y position label - offset of the indicator button